We assign a technical rating of 2 out of 10 to PIT. PIT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
PIT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 54.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 53.71, a Stop Loss order could be placed below this zone.
More info and screens
48.91
We found 3 important support areas.
- A support zone ranging from 52.80 to 53.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @51.33 from a horizontal line in the daily time frame.
- Support @49.40 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 54.73 to 56.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 57.62 to 57.63. 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 | NEUTRAL | NEUTRAL | The long term trend for PIT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PIT is neutral. |
| ChartMill Relative Strength | 51.96 | NEUTRAL | PIT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PIT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PIT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PIT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.15 | NEUTRAL | The RSI value for PIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests PIT has a positive trend. |
| Stochastics (14,3) | 37.87 | NEUTRAL | The Stochastics value for PIT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.57 | LOW VOLATILITY | The low ATR as a percentage value for PIT suggests low volalility. |
| Average Directional Index/ADX (14) | 18.2 | NEGATIVE | The low ADX value for PIT suggests a weak or negative trend. |
NYSEARCA:PIT (1/9/2026, 8:17:24 PM)
54.555
+0.11 (+0.2%)
VANECK COMMODITY STRAT ETF / PIT FAQ
What is the technical rating for PIT stock?
ChartMill assigns a technical rating of 2 / 10 to PIT.
Can you provide the trend direction for VANECK COMMODITY STRAT ETF?
The current trend direction for VANECK COMMODITY STRAT ETF (PIT) is Bearish.
What is the RSI signal for VANECK COMMODITY STRAT ETF (PIT) stock?
VANECK COMMODITY STRAT ETF (PIT) has an RSI value of 48.1526. This indicates that the stock is currently neutral.
What is the short term momentum for VANECK COMMODITY STRAT ETF (PIT) stock?
The short term momentum for VANECK COMMODITY STRAT ETF (PIT) is neutral.
What are the support and resistance levels for VANECK COMMODITY STRAT ETF (PIT) stock?
VANECK COMMODITY STRAT ETF (PIT) has a support level at 53.71 and a resistance level at 54.73. Check the full technical report for our detailed analysis of PIT support and resistance levels.