Vaneck Unconventional Oil & Gas ETF (FRAK) Stock Technical Analysis
USA - NYSEARCA:FRAK -
Overall FRAK gets a technical rating of 10 out of 10. Both in the recent history as in the last year, FRAK has proven to be a steady performer, scoring decent points in every aspect analyzed.
FRAK has an excellent technical rating, but the quality of the setup is only medium 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
101.13
We found 6 important support areas.
- A support zone ranging from 154.72 to 154.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @137.00 from a trend line in the daily time frame.
- Support @114.47 from a trend line in the weekly time frame.
- Support @110.70 from a trend line in the daily time frame.
- Support @104.38 from a horizontal line in the weekly time frame.
- Support @102.15 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for FRAK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FRAK is up. |
| ChartMill Relative Strength | 95.63 | POSITIVE | FRAK has a high relative strength, it outperformed 95.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FRAK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FRAK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FRAK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.4 | OVERBOUGHT | The high RSI value suggests FRAK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.4 | POSITIVE | The MACD value suggests FRAK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.48 | NEUTRAL | The Stochastics value for FRAK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for FRAK suggests some volalility. |
Vaneck Unconventional Oil & Gas ETF
NYSEARCA:FRAK (10/15/2021, 8:38:17 PM)
157.5
-0.12 (-0.07%)
Vaneck Unconventional Oil & Gas ETF / FRAK FAQ
Can you provide the ChartMill technical rating for Vaneck Unconventional Oil & Gas ETF?
ChartMill assigns a technical rating of 10 / 10 to FRAK.
What is the current trend direction of Vaneck Unconventional Oil & Gas ETF (FRAK) stock?
The current trend direction for Vaneck Unconventional Oil & Gas ETF (FRAK) is Bullish.
What is the RSI signal for FRAK stock?
Vaneck Unconventional Oil & Gas ETF (FRAK) has an RSI value of 73.4015. This indicates that the stock is currently overbought.
What is the MACD signal for FRAK stock?
The MACD indicator for Vaneck Unconventional Oil & Gas ETF (FRAK) has a value of 0.401624, indicating a bearish trend.
Can you provide the buy/sell signal for Vaneck Unconventional Oil & Gas ETF?
The buy/sell signal for Vaneck Unconventional Oil & Gas ETF (FRAK) is buy as both the short term and long term trends are positive.