VANECK COMMODITY STRAT ETF (PIT) Stock Technical Analysis
NYSEARCA:PIT - NYSE Arca - US92189H7715 - ETF - Currency: USD
Overall PIT gets a technical rating of 7 out of 10. PIT has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Warning: PIT has an average volume of 1860 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
PIT is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so PIT is leading the market.
In the last month PIT has a been trading in the 48.39 - 52.50 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, PIT outperforms 64% of them, which is more or less in line with the market.
Considerably lower volume is observed in the last couple of days.
Although PIT has an excellent technical rating, it does not present a decent entry opportunity 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
44.87
52.80
When analyzing the support we can see 3 important areas.
- A support zone ranging from 48.86 to 50.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 47.26 to 47.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 45.32 to 45.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 52.28 to 52.28. 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 | UP | POSITIVE | The short term trend for PIT is up. |
| ChartMill Relative Strength | 64.23 | NEUTRAL | PIT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PIT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PIT is above the rising 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) | 72.6 | OVERBOUGHT | The high RSI value suggests PIT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests PIT has a positive trend. |
| Stochastics (14,3) | 96.77 | OVERBOUGHT | The high Stochastics value suggests PIT may be overbought. |
| Average True Range in percent/ATR (20) | 0.84 | LOW VOLATILITY | The low ATR as a percentage value for PIT suggests low volalility. |
| Average Directional Index/ADX (14) | 15.62 | NEGATIVE | The low ADX value for PIT suggests a weak or negative trend. |
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)
NYSEARCA:PIT (6/13/2025, 8:04:02 PM)
52.2685
+1.06 (+2.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.06%
1 Week3.87%
2 Weeks7.84%
1 Month6.45%
3 Month6.14%
6 Month6.47%
12 Month6.89%
2 Year10.52%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%0.84%
ATR Inc66.64%
Range Today0.41
ADR(20)0.15
ADR(20)%0.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.23
Mansfield0.28
10 Day High52.5
10 Day Low49.75
20 Day High52.5
20 Day Low48.39
52 Week High52.5
52 Week Low45.32
CS1 End50.58
CR1 Start52.28
Volume & EV
DER(3)0%
DER(5)0%
Volume2.10K
Volume Incr-12.11%
Vol(5)980
Vol(50)1.86K