EQAL Stock Summary and Trading Ideas (Invesco Russell 1000 Equal Weight ETF | ARCA:EQAL)

The Invesco Russell 1000 Equal Weight ETF (Fund) is based on the Russell 1000 Equal Weight Index (Index). The Fund will generally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is composed of securities in the Russell 1000 Index and is equally weighted across nine sector groups with each security within the sector receiving equal weight. The Fund and Index are re-weighted at the close of the close of third Friday in March, September, and December. It is also re-weighted at the close of the last Friday in June when the Russell 1000 is reconstituted.

Invesco Russell 1000 Equal Weight ETF trades on the ARCA stock market under the symbol EQAL.

As of April 24, 2024, EQAL stock price climbed to $44.39 with 13,680 million shares trading.

EQAL has a beta of 1.00, meaning it tends to be less sensitive to market movements. EQAL has a correlation of 0.67 to the broad based SPY ETF.

EQAL has a market cap of $585.95 million. This is considered a Small Cap stock.

In the last 3 years, EQAL stock traded as high as $48.24 and as low as $36.28.

EQAL has underperformed the market in the last year with a return of +10.8%, while the SPY ETF gained +24.1%. In the last 3 month period, EQAL fell short of the market, returning +3.5%, while SPY returned +4.5%. However, in the most recent 2 weeks EQAL has outperformed the stock market by returning -1.4%, while SPY returned -1.7%.

EQAL support price is $43.88 and resistance is $44.72 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EQAL stock will trade within this expected range on the day.