MOO Technical Analysis - VANECK AGRIBUSINESS ETF

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to MOO. MOO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

When comparing the yearly performance of all stocks, MOO is a bad performer in the overall market: 65% of all stocks are doing better.

MOO is one of the lesser performing stocks in the Automobile Components industry. 73% of 83 stocks in the same industry do better.

MOO 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 MOO is lagging the market slightly.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

In the last month MOO has a been trading in a tight range between 71.31 and 74.13.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

VANECK AGRIBUSINESS ETF / MOO Weekly stock chart

VANECK AGRIBUSINESS ETF / MOO Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, MOO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 73.03, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

70.82

76.96

When analyzing the support we notice one important area.

A support zone ranging from 71.54 to 73.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 75.37 to 76.20. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	NEUTRAL	NEUTRAL	The long term trend for MOO is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for MOO is neutral.
ChartMill Relative Strength	35.1	NEUTRAL	MOO is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of MOO is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of MOO is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of MOO is above the rising SMA(200).
Relative Strength Index/RSI (14)	49.77	NEUTRAL	The RSI value for MOO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.06	POSITIVE	The MACD value suggests MOO has a positive trend.
Stochastics (14,3)	62.65	NEUTRAL	The Stochastics value for MOO is a neutral value.
Average True Range in percent/ATR (20)	1.01	LOW VOLATILITY	The low ATR as a percentage value for MOO suggests low volalility.
Average Directional Index/ADX (14)	16.8	NEGATIVE	The low ADX value for MOO suggests a weak or negative trend.