TEUCRIUM SUGAR FUND (CANE) Stock Technical Analysis
NYSEARCA:CANE • US88166A4094
Taking everything into account, CANE scores 0 out of 10 in our technical rating. CANE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 82% of all other stocks performed better in the past year than CANE.
- CANE is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month CANE has a been trading in the 8.97 - 9.69 range, which is quite wide. It is currently trading near the lows of this range.
- Volume is considerably higher in the last couple of days.
The technical rating of CANE is bad and it also does not present a quality setup 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
8.93
We found 1 important support area.
- A support zone ranging from 9.02 to 9.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 9.37 to 9.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.86 to 9.90. 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 | DOWN | NEGATIVE | The long term trend for CANE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CANE is down. |
| ChartMill Relative Strength | 18.68 | NEGATIVE | CANE has a low relative strength, it was outperformed by 81.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CANE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CANE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CANE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.86 | NEUTRAL | The RSI value for CANE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CANE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.41 | OVERSOLD | The low Stochastics value suggests CANE may be oversold. |
| Average True Range in percent/ATR (20) | 1.51 | LOW VOLATILITY | The low ATR as a percentage value for CANE suggests low volalility. |
| Average Directional Index/ADX (14) | 16.67 | NEGATIVE | The low ADX value for CANE suggests a weak or negative trend. |
9.03
-0.01 (-0.11%)
TEUCRIUM SUGAR FUND / CANE FAQ
What is the ChartMill technical rating of TEUCRIUM SUGAR FUND (CANE) stock?
ChartMill assigns a technical rating of 0 / 10 to CANE.
Can you provide the trend direction for TEUCRIUM SUGAR FUND?
The current trend direction for TEUCRIUM SUGAR FUND (CANE) is Bearish.
What is the RSI signal for TEUCRIUM SUGAR FUND (CANE) stock?
TEUCRIUM SUGAR FUND (CANE) has an RSI value of 34.8625. This indicates that the stock is currently neutral.
What is the MACD signal for CANE stock?
The MACD indicator for TEUCRIUM SUGAR FUND (CANE) has a value of -0.036821, indicating a bearish trend.
Can you provide the support and resistance levels for TEUCRIUM SUGAR FUND?
TEUCRIUM SUGAR FUND (CANE) has a support level at 9.02 and a resistance level at 9.37. Check the full technical report for our detailed analysis of CANE support and resistance levels.