TEUCRIUM CORN FUND (CORN) Stock Technical Analysis
USA - NYSEARCA:CORN - US88166A1025 - ETF
17.42 USD
+0.16 (+0.93%)
17.55 USD
+0.13 (+0.75%)
Taking everything into account, CORN scores 1 out of 10 in our technical rating. CORN'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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
68% of all other stocks performed better in the past year than CORN.
CORN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month CORN has a been trading in a tight range between 17.19 and 17.90.
CORN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for CORN 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
16.54
21.04
2 important support areas can be observed.
- Support @17.04 from a horizontal line in the weekly time frame.
- Support @16.71 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 17.43 to 17.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 18.40 to 18.52. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @20.83 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 | DOWN | NEGATIVE | The long term trend for CORN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CORN is down. |
| ChartMill Relative Strength | 32.64 | NEUTRAL | CORN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CORN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CORN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CORN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.75 | NEUTRAL | The RSI value for CORN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CORN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.25 | OVERSOLD | The low Stochastics value suggests CORN may be oversold. |
| Average True Range in percent/ATR (20) | 0.94 | LOW VOLATILITY | The low ATR as a percentage value for CORN suggests low volalility. |
| Average Directional Index/ADX (14) | 19.52 | NEGATIVE | The low ADX value for CORN suggests a weak or negative 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)
17.42
+0.16 (+0.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.93%
1 Week-0.91%
2 Weeks-0.74%
1 Month-2.57%
3 Month-2.19%
6 Month-11.03%
12 Month-0.89%
2 Year-21.67%
3 Year-36.45%
5 Year30.68%
10 Year-24.52%
15 Year-53.52%
Volatility
ATR(14)0.16
ATR(20)%0.94%
ATR Inc4.75%
Range Today0.22
ADR(20)0.15
ADR(20)%0.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.64
Mansfield-1.46
10 Day High17.71
10 Day Low17.19
20 Day High17.9
20 Day Low17.19
52 Week High20.69
52 Week Low16.61
CS1 End17.04
CR1 Start17.43
Volume & EV
DER(3)4.94%
DER(5)1.5%
Volume30.80K
Volume Incr-26.27%
Vol(5)50.90K
Vol(50)72.47K