20-Apr-2026
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Nucor is the most overbought materials stock as Q1 earnings roll on
Seeking Alpha News (Mon, 20-Apr 8:51 AM ET)
The Invesco S&P 500 Equal Weight Materials ETF (Fund) is based on the S&P 500 Equal Weight Materials Index (Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index equally weights stocks in the materials sector of the S&P 500 Index. The Fund and the Index are rebalanced quarterly.
Invesco S&P 500 Equal Weight Materials ETF trades on the ARCA stock market under the symbol RSPM.
As of April 20, 2026, RSPM stock price climbed to $40.04 with 7,754 million shares trading.
RSPM has a beta of 0.65, meaning it tends to be less sensitive to market movements. RSPM has a correlation of 0.22 to the broad based SPY ETF.
RSPM has a market cap of $185.37 million. This is considered a Micro Cap stock.
RSPM has outperformed the market in the last year with a return of +38.0%, while the SPY ETF gained +36.0%. In the last 3 month period, RSPM beat the market returning +9.0%, while SPY returned +2.7%. However, in the most recent 2 weeks RSPM has underperformed the stock market by returning +3.2%, while SPY returned +8.1%.
RSPM support price is $39.28 and resistance is $40.35 (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 RSPM shares will trade within this expected range on the day.