VANECK COMMODITY STRAT ETF (PIT) Stock Technical Analysis
NYSEARCA:PIT - NYSE Arca - US92189H7715 - ETF - Currency: USD
We assign a technical rating of 6 out of 10 to PIT. In the last year, PIT was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Warning: PIT has an average volume of 1802 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 trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PIT is lagging the market slightly.
When compared to the yearly performance of all other stocks, PIT outperforms 49% of them, which is more or less in line with the market.
In the last month PIT has a been trading in a tight range between 48.39 and 50.83.
Considerably lower volume is observed in the last couple of days.
PIT has an average technical rating and the quality of the presented setup is also 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.
More info and screens
44.87
51.82
When analyzing the support we can see 3 important areas.
- A support zone ranging from 48.86 to 50.20. 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 50.48 to 51.31. 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 | 49.3 | 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) | 60.78 | NEUTRAL | The RSI value for PIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests PIT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.97 | OVERBOUGHT | The high Stochastics value suggests PIT may be overbought. |
| Average True Range in percent/ATR (20) | 0.8 | LOW VOLATILITY | The low ATR as a percentage value for PIT suggests low volalility. |
| Average Directional Index/ADX (14) | 12.1 | 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 (6/10/2025, 4:10:08 PM)
50.4686
-0.2 (-0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.39%
1 Week1.04%
2 Weeks2.43%
1 Month3.25%
3 Month2.48%
6 Month2.81%
12 Month3.21%
2 Year6.71%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%0.8%
ATR Inc-4.73%
Range Today0.36
ADR(20)0.12
ADR(20)%0.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.3
Mansfield-0.16
10 Day High50.83
10 Day Low48.39
20 Day High50.83
20 Day Low48.39
52 Week High51.3
52 Week Low45.32
CS1 End50.2
CR1 Start50.48
Volume & EV
DER(3)0%
DER(5)0%
Volume803
Volume Incr-65.01%
Vol(5)400.6
Vol(50)1.80K