VANECK AFRICA INDEX ETF (AFK) Stock Technical Analysis
NYSEARCA:AFK - NYSE Arca - US92189F8665 - ETF - Currency: USD
Taking everything into account, AFK scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AFK is showing a nice and steady performance.
Warning: AFK has an average volume of 21101 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that AFK is one of the better performing stocks in the market, outperforming 83% of all stocks. We also observe that the gains produced by AFK over the past year are nicely spread over this period.
AFK is one of the better performing stocks in the Automobile Components industry, it outperforms 78% of 80 stocks in the same industry.
A new 52 week high is currently being made by AFK, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month AFK has a been trading in the 19.00 - 21.00 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, AFK also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 21.01. Right above this resistance zone may be a good entry point.
More info and screens
15.01
21.22
4 important support areas can be observed.
- A support zone ranging from 19.38 to 19.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.10 from a trend line in the weekly time frame.
- A support zone ranging from 15.57 to 15.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.16 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 21.01 to 21.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AFK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AFK is up. |
| ChartMill Relative Strength | 83.95 | POSITIVE | AFK has a high relative strength, it outperformed 83.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AFK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AFK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AFK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.92 | OVERBOUGHT | The high RSI value suggests AFK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests AFK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 95.79 | OVERBOUGHT | The high Stochastics value suggests AFK may be overbought. |
| Average True Range in percent/ATR (20) | 1.47 | LOW VOLATILITY | The low ATR as a percentage value for AFK suggests low volalility. |
| Average Directional Index/ADX (14) | 30.05 | POSITIVE | The high ADX value value for AFK suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 21.02 | 20.21 | 0.81 (3.85%) | 25.00% |
| An entry @21.02. This is a Buy Stop order right above the resistance zone. | An exit @20.21. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.81 points, which is 3.85%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.96%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSEARCA:AFK (7/21/2025, 6:40:02 PM)
21
+0.07 (+0.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg0.33%
1 Week1.3%
2 Weeks1.74%
1 Month7.75%
3 Month18.64%
6 Month28.83%
12 Month31.7%
2 Year32.2%
3 Year21.53%
5 Year22.14%
10 Year-6.29%
15 Year-31.71%
Volatility
ATR(14)0.29
ATR(20)%1.47%
ATR Inc-1.22%
Range Today0.18
ADR(20)0.3
ADR(20)%1.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.95
Mansfield1.25
10 Day High21
10 Day Low20.22
20 Day High21
20 Day Low19
52 Week High21
52 Week Low14.45
CS1 End19.69
CR1 Start21.01
Volume & EV
DER(3)0.82%
DER(5)1.02%
Volume13.14K
Volume Incr-46.49%
Vol(5)10.27K
Vol(50)21.10K