We assign a technical rating of 2 out of 10 to CANE. Recently some decent action could be observed, but in the medium term time frame this is still negative. CANE was also a bad performer in the overall market in the last year.
CANE has a poor technical rating and the quality of the setup is also not perfect 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
9.04
We found 2 important support areas.
- A support zone ranging from 9.51 to 9.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 9.13 to 9.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 9.82 to 9.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.29 from a trend line in the daily time frame.
- Resistance @10.99 from a horizontal line in the daily time frame.
- Resistance @11.72 from a trend 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 | DOWN | NEGATIVE | The long term trend for CANE is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CANE is up. |
| ChartMill Relative Strength | 22.64 | NEGATIVE | CANE has a low relative strength, it was outperformed by 77.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CANE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CANE is above 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) | 58.41 | NEUTRAL | The RSI value for CANE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CANE has a positive trend. |
| Stochastics (14,3) | 79.49 | NEUTRAL | The Stochastics value for CANE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.36 | LOW VOLATILITY | The low ATR as a percentage value for CANE suggests low volalility. |
| Average Directional Index/ADX (14) | 10.6 | NEGATIVE | The low ADX value for CANE suggests a weak or negative trend. |
9.8127
+0.11 (+1.12%)
TEUCRIUM SUGAR FUND / CANE FAQ
What is the ChartMill technical rating of TEUCRIUM SUGAR FUND (CANE) stock?
ChartMill assigns a technical rating of 2 / 10 to CANE.
What is the trend direction for CANE stock?
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 58.4124. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TEUCRIUM SUGAR FUND?
The MACD indicator for TEUCRIUM SUGAR FUND (CANE) has a value of 0.0168533, indicating a bearish trend.
What is the buy/sell signal for TEUCRIUM SUGAR FUND (CANE) stock?
The buy/sell signal for TEUCRIUM SUGAR FUND (CANE) is hold as the short term and long term trends are mixed.