CRAK Technical Analysis - VANECK OIL REFINERS ETF

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to CRAK. Although CRAK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Warning: CRAK has an average volume of 9208 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

CRAK 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.

When compared to the yearly performance of all other stocks, CRAK outperforms 59% of them, which is more or less in line with the market.

CRAK is an average performer in the Automobile Components industry, it outperforms 41% of 80 stocks in the same industry.

In the last month CRAK has a been trading in the 34.55 - 37.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

VANECK OIL REFINERS ETF / CRAK Weekly stock chart

VANECK OIL REFINERS ETF / CRAK Daily stock chart

Setup Rating and Analysis

Although CRAK has an excellent technical rating, the quality of the presented setup is not ideal 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

32.65

37.62

When analyzing the support we can see 2 important areas.

A support zone ranging from 34.23 to 34.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 32.98 to 32.98. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 36.41 to 36.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @37.25 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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 CRAK is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for CRAK is up.
ChartMill Relative Strength	59.7	NEUTRAL	CRAK is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CRAK is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of CRAK is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of CRAK is above the rising SMA(200).
Relative Strength Index/RSI (14)	60.16	NEUTRAL	The RSI value for CRAK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests CRAK has a positive trend, although the MACD value is declining.
Stochastics (14,3)	75.03	NEUTRAL	The Stochastics value for CRAK is a neutral value.
Average True Range in percent/ATR (20)	1.23	LOW VOLATILITY	The low ATR as a percentage value for CRAK suggests low volalility.
Average Directional Index/ADX (14)	22.5	NEUTRAL	The ADX value for CRAK suggests a possible start of a new trend.