VANECK AFRICA INDEX ETF (AFK) Stock Technical Analysis
NYSEARCA:AFK - NYSE Arca - US92189F8665 - ETF - Currency: USD
We assign a technical rating of 10 out of 10 to AFK. Both in the recent history as in the last year, AFK has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: AFK has an average volume of 22066 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, AFK did better than 86% of all other stocks. We also observe that the gains produced by AFK over the past year are nicely spread over this period.
AFK is part of the Automobile Components industry. There are 81 other stocks in this industry. AFK outperforms 87% of them.
A new 52 week high is currently being made by AFK, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so AFK is leading the market.
In the last month AFK has a been trading in the 17.64 - 19.50 range, which is quite wide. It is currently trading near the high of this range.
AFK has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 19.10, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AFK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
15.01
19.70
3 important support areas can be observed.
- A support zone ranging from 18.72 to 19.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.52 to 15.82. 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.
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 | 86.45 | POSITIVE | AFK has a high relative strength, it outperformed 86.45% 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) | 71.7 | OVERBOUGHT | The high RSI value suggests AFK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests AFK has a positive trend. |
| Stochastics (14,3) | 96.79 | OVERBOUGHT | The high Stochastics value suggests AFK may be overbought. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for AFK suggests some volalility. |
| Average Directional Index/ADX (14) | 28.29 | 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 |
|---|---|---|---|
| 19.51 | 18.71 | 0.80 (4.10%) | 24.39% |
| An entry @19.51. This is a Buy Stop order right above the 10 day high. | An exit @18.71. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.80 points, which is 4.10%. | When investing 24.39% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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 (6/4/2025, 8:04:04 PM)
19.5
+0.17 (+0.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg0.88%
1 Week2.09%
2 Weeks4.2%
1 Month6.44%
3 Month15.66%
6 Month19.05%
12 Month25.81%
2 Year32.65%
3 Year16.14%
5 Year18.9%
10 Year-19.95%
15 Year-29.14%
Volatility
ATR(14)0.44
ATR(20)%2.35%
ATR Inc-42.5%
Range Today0.28
ADR(20)0.44
ADR(20)%2.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.45
Mansfield1.21
10 Day High19.5
10 Day Low18.56
20 Day High19.5
20 Day Low17.64
52 Week High19.5
52 Week Low14.45
CS1 End19.1
CR1 StartN/A
Volume & EV
DER(3)4.71%
DER(5)-3.22%
Volume16.20K
Volume Incr3.6%
Vol(5)21.46K
Vol(50)22.07K