LFEQ Technical Analysis - VANECK LONG/FLAT TREND ETF

Technical Rating and Analysis

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

Warning: LFEQ has an average volume of 1175 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!

LFEQ 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 comparing the performance of all stocks over the past year, LFEQ turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.

LFEQ is part of the Automobile Components industry. There are 80 other stocks in this industry, LFEQ did better than 45% of them.

In the last month LFEQ has a been trading in a tight range between 50.65 and 52.76.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

VANECK LONG/FLAT TREND ETF / LFEQ Weekly stock chart

VANECK LONG/FLAT TREND ETF / LFEQ Daily stock chart

Setup Rating and Analysis

Although LFEQ 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

41.43

52.99

When analyzing the support we can see 4 important areas.

A support zone ranging from 50.50 to 52.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 49.63 to 49.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @44.81 from a trend line in the weekly time frame.
Support @41.85 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 52.47 to 52.47. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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 LFEQ is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for LFEQ is up.
ChartMill Relative Strength	62.84	NEUTRAL	LFEQ is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of LFEQ is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of LFEQ is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of LFEQ is above the rising SMA(200).
Relative Strength Index/RSI (14)	68.01	NEUTRAL	The RSI value for LFEQ is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.06	POSITIVE	The MACD value suggests LFEQ has a positive trend.
Stochastics (14,3)	77.79	NEUTRAL	The Stochastics value for LFEQ is a neutral value.
Average True Range in percent/ATR (20)	0.64	LOW VOLATILITY	The low ATR as a percentage value for LFEQ suggests low volalility.
Average Directional Index/ADX (14)	29.34	POSITIVE	The high ADX value value for LFEQ suggests a strong trend.