VANECK AFRICA INDEX ETF (AFK) Technical Analysis
NYSEARCA:AFK • US92189F8665
Current stock price
AFK Technical Rating and Analysis
We assign a technical rating of 9 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.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, AFK did better than 82% of all other stocks. On top of that, AFK also shows a nice and consistent pattern of rising prices.
- AFK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AFK is lagging the market slightly.
- In the last month AFK has a been trading in the 24.45 - 27.98 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
AFK Weekly and Daily overview Charts
AFK Setup Rating and Analysis
Although AFK has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
AFK Support and Resistance Analysis
15.01
We found 2 important support areas.
- A support zone ranging from 24.59 to 25.32. 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 2 important areas.
- Resistance @30.06 from a horizontal line in the daily time frame.
- A resistance zone ranging from 30.56 to 30.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
AFK Technical Indicator Signal Analysis
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 | 82.44 | POSITIVE | AFK has a high relative strength, it outperformed 82.44% 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) | DOWN | MIXED | The current price of AFK is above a declining 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) | 58.08 | NEUTRAL | The RSI value for AFK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests AFK has a positive trend. |
| Stochastics (14,3) | 88.59 | OVERBOUGHT | The high Stochastics value suggests AFK may be overbought. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for AFK suggests some volalility. |
| Average Directional Index/ADX (14) | 28.22 | POSITIVE | The high ADX value value for AFK suggests a strong trend. |
AFK Chart- and CandleStick Pattern Analysis
AFK Technicals: Chart, Performance Metrics, Trend & Indicators
27.64
-0.11 (-0.38%)
VANECK AFRICA INDEX ETF / AFK TA FAQ
What is the ChartMill technical rating of VANECK AFRICA INDEX ETF (AFK) stock?
ChartMill assigns a technical rating of 9 / 10 to AFK.
What is the trend direction for AFK stock?
The current trend direction for VANECK AFRICA INDEX ETF (AFK) is Bullish.
What is the RSI signal for AFK stock?
VANECK AFRICA INDEX ETF (AFK) has an RSI value of 58.0849. This indicates that the stock is currently neutral.
What is the short term momentum for AFK stock?
The short term momentum for VANECK AFRICA INDEX ETF (AFK) is positive.
What is the support and resistance level for AFK stock?
VANECK AFRICA INDEX ETF (AFK) has a support level at 25.32 and a resistance level at 30.06. Check the full technical report for our detailed analysis of AFK support and resistance levels.