Auto-detected technical analysis for RSP · data as of Jun 30, 2026. The chart above is live; the read below updates daily.
$212.77last close · Jun 30, 2026
RSP rising wedge pattern
RSP is currently forming a Rising Wedge on the daily timeframe. Detected Jun 30, 2026.
A Rising Wedge is a breakdown that suggests the recent run may be rolling over. A breakout projects a measured-move target near $194.68 (−5.3%). Across 14,154 backtested rising wedges, the setup followed through 49.3% of the time, averaging +0.13R.
RSP's most recent completed Rising Wedge resolved as a win: it broke down on Mar 2, 2026 near $204.59, then reached its target at $194.68 on Mar 9, 2026 — a +15.24R move (4.8%) over 5 sessions. Across 71 backtested rising wedges, this setup wins 43.7% of the time.
OutcomeWinResult+15.24REntry$204.59Exit$194.68
How rising wedges have performed
Win rate
49.3%
Avg return
+0.13R
Backtested trades
14,154
Historical pattern statistics (1986-12-18 – 2026-06-11), not a prediction.
RSP support and resistance levels
Price is being turned away at a ceiling near $213.86 and starting to slide. On the weekly chart, the next floor below sits near $189.87 — about 11% away.
Traders commonly watch $189.87 as a target (its 38.2% retracement) — think of it as a sensible next stop, not a guarantee.
That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
There's nothing to act on yet — the spot to watch is right at the $213.86 ceiling, where price is testing it now, not out here in the slide. Chasing once price pulls away tends to be worse odds.
Nearest auto-detected support sits near $210.90, resistance near $214.59. These are chart/swing-derived levels, not formula pivots.
As of Jun 30, 2026, TradingPal's detector identifies a Rising Wedge on Rydex S&P Equal Weight (RSP) on the daily chart, with a measured-move target of $194.68.
Is a Rising Wedge bullish or bearish?
The Rising Wedge detected on RSP is a bearish pattern, projecting a measured-move target of $194.68. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a Rising Wedge pattern, and what is its win rate?
Across TradingPal's backtest of the Rising Wedge family (14,154 trades over 516 symbols), it resolved in the expected direction 49.3% of the time with an average of +0.13R. These are historical statistics, not a prediction.
What are the support and resistance levels for RSP?
Based on auto-detected, swing-derived levels (as of Jun 30, 2026), RSP's nearest support is around $210.90 and nearest resistance around $214.59.
What is the price target if RSP's pattern breaks out?
The detected Rising Wedge has a geometry-based measured-move target of $194.68 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was RSP's closing price on Jun 30, 2026?
Rydex S&P Equal Weight (RSP) last closed at $212.77 on Jun 30, 2026. For the live quote, see the chart above or a real-time quote provider.
Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.
Go Premium
Account
2Payment
3Done
TradingPal Premium
Unlock the full market
Everything TradingPal can do — for less than the price of a single bad trade.
Unlock the full market screener — every stock scanned for tradeable chart patterns
See every ticker's full track record — win rate, expected R, max drawdown
Alerts so you never miss a breakout, bounce, or reversal