Invesco Solar ETF (TAN)

Invesco Solar ETF is trading at $40.67, down 1.64% on the session. The 50 day average sits at $46.62 and the 200 day at $54.53, which puts the stock in a downtrend. RSI is at 34.3, which reads as weak, and MACD is bearish crossover. Volume is volume spike.

The nearest support is around $41.12 with resistance near $44.57, so that band frames the current range. Average daily movement is roughly $1.24, or about 3.1% of the share price, which is what any stop placement has to allow for. The overall health score of 28 out of 100 combines a trend score of 0, momentum of 30 and a risk score of 69.

The fund will generally invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, MAC Indexing LLC, has contracted with S&P DJI Netherlands B.V. to calculate and administer the underlying index, which seeks to track the performance of companies in global solar energy businesses. The fund is non-diversified.