IQ Global Agribusiness Smallcap ETF (CROP) Stock Technical Analysis
NYSEARCA:CROP - NYSE Arca -
Taking everything into account, CROP scores 8 out of 10 in our technical rating. Although CROP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: CROP has an average volume of 1390 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
CROP 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.
In the last month CROP has a been trading in the 29.95 - 32.47 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, CROP outperforms 51% of them, which is more or less in line with the market.
Volume is considerably higher in the last couple of days.
Although CROP has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
29.17
33.77
We found 2 important support areas.
- A support zone ranging from 30.41 to 31.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 29.46 to 29.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @32.61 from a horizontal line in the daily time frame.
- A resistance zone ranging from 33.43 to 33.44. 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 | UP | POSITIVE | The long term trend for CROP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CROP is up. |
| ChartMill Relative Strength | 51.85 | NEUTRAL | CROP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CROP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CROP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CROP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.56 | NEUTRAL | The RSI value for CROP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests CROP has a positive trend. |
| Stochastics (14,3) | 94.75 | OVERBOUGHT | The high Stochastics value suggests CROP may be overbought. |
| Average True Range in percent/ATR (20) | 0.99 | LOW VOLATILITY | The low ATR as a percentage value for CROP suggests low volalility. |
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)
IQ Global Agribusiness Smallcap ETF
NYSEARCA:CROP (8/5/2020, 8:04:02 PM)
32.2293
+0.17 (+0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.54%
1 Week2.6%
2 Weeks4.22%
1 Month6.2%
3 Month12.14%
6 Month2.36%
12 Month2.59%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%0.99%
ATR Inc15.72%
Range Today0.29
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.85
Mansfield-0.34
10 Day High32.47
10 Day Low30.86
20 Day High32.47
20 Day Low29.95
52 Week High33.19
52 Week Low22.66
CS1 End31.76
CR1 Start32.61
Volume & EV
DER(3)-0.97%
DER(5)-0.58%
Volume5.30K
Volume Incr93.81%
Vol(5)2.82K
Vol(50)1.39K