RPG Stock Summary and Trading Ideas (Invesco S&P 500 Pure Growth ETF | ARCA:RPG)

The Invesco S&P 500 Pure Growth ETF (Fund) is based on the S&P 500 Pure Growth Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index measures the performance of securities that exhibit strong growth characteristics in the S&P 500 Index. Growth is measured by the following risk factors: sales growth, earnings change to price and momentum. The Fund and the Index are rebalanced annually.

Invesco S&P 500 Pure Growth ETF trades on the ARCA stock market under the symbol RPG.

As of May 16, 2024, RPG stock price declined to $36.12 with 135,074 million shares trading.

RPG has a beta of 1.08, meaning it tends to be more sensitive to market movements. RPG has a correlation of 0.71 to the broad based SPY ETF.

RPG has a market cap of $1.59 billion. This is considered a Small Cap stock.

In the last 3 years, RPG stock traded as high as $44.62 and as low as $27.75.

RPG has underperformed the market in the last year with a return of +23.2%, while the SPY ETF gained +30.1%. In the last 3 month period, RPG fell short of the market, returning +3.1%, while SPY returned +6.0%. However, in the most recent 2 weeks RPG has outperformed the stock market by returning +6.3%, while SPY returned +6.0%.

RPG support price is $35.73 and resistance is $36.61 (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 RPG stock will trade within this expected range on the day.