CRAK Technical Analysis - VANECK OIL REFINERS ETF

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to CRAK. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CRAK is only an average performer.

Warning: CRAK has an average volume of 9170 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 in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CRAK is lagging the market slightly.

When comparing the performance of all stocks over the past year, CRAK turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.

CRAK is part of the Automobile Components industry. There are 81 other stocks in this industry, CRAK did better than 51% of them.

In the last month CRAK has a been trading in a tight range between 36.02 and 37.87.

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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, it does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

32.65

38.03

We found 2 important support areas.

Support @34.74 from a trend line in the daily time frame.
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 36.69 to 36.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 37.65 to 37.65. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	58.62	NEUTRAL	CRAK is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of CRAK is below 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)	51.66	NEUTRAL	The RSI value for CRAK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.16	NEGATIVE	The MACD value suggests CRAK has a negative trend.
Stochastics (14,3)	19.71	OVERSOLD	The low Stochastics value suggests CRAK may be oversold.
Average True Range in percent/ATR (20)	1.21	LOW VOLATILITY	The low ATR as a percentage value for CRAK suggests low volalility.
Average Directional Index/ADX (14)	15.82	NEGATIVE	The low ADX value for CRAK suggests a weak or negative trend.