VANECK AFRICA INDEX ETF (AFK) Stock Technical Analysis
USA - NYSEARCA:AFK - US92189F8665 - ETF
24.04 USD
+0.29 (+1.22%)
Overall AFK gets a technical rating of 10 out of 10. 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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that AFK is one of the better performing stocks in the market, outperforming 85% 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 80% of 81 stocks in the same industry.
AFK is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month AFK has a been trading in the 22.20 - 24.35 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
AFK has an excellent technical rating, but the quality of the setup is only medium 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
15.01
24.29
We found 5 important support areas.
- A support zone ranging from 23.23 to 23.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @21.50 from a horizontal line in the daily time frame.
- Support @16.47 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.
We found 1 important resistance area.
- A resistance zone ranging from 24.05 to 24.05. 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 | 85.89 | POSITIVE | AFK has a high relative strength, it outperformed 85.89% 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) | 72.93 | OVERBOUGHT | The high RSI value suggests AFK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests AFK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.81 | NEUTRAL | The Stochastics value for AFK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.59 | LOW VOLATILITY | The low ATR as a percentage value for AFK suggests low volalility. |
| Average Directional Index/ADX (14) | 34.63 | 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 |
|---|---|---|---|
| 24.06 | 23.00 | 1.06 (4.41%) | 22.70% |
| An entry @24.06. This is a Buy Stop order right above the resistance zone. | An exit @23.00. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.06 points, which is 4.41%. | When investing 22.70% 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 (9/26/2025, 8:04:02 PM)
24.04
+0.29 (+1.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg1.22%
1 Week0.84%
2 Weeks2.6%
1 Month8.01%
3 Month19.6%
6 Month36.98%
12 Month39.36%
2 Year70.38%
3 Year59.52%
5 Year37.74%
10 Year21.84%
15 Year-25.2%
Volatility
ATR(14)0.39
ATR(20)%1.59%
ATR Inc-3.04%
Range Today0.3
ADR(20)0.35
ADR(20)%1.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.89
Mansfield1.83
10 Day High24.35
10 Day Low23.01
20 Day High24.35
20 Day Low22.2
52 Week High24.35
52 Week Low15.07
CS1 End23.68
CR1 Start24.05
Volume & EV
DER(3)-4.56%
DER(5)-2.9%
Volume32.30K
Volume Incr45.41%
Vol(5)61.96K
Vol(50)37.56K