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. Although PIT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: PIT has an average volume of 1974 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
PIT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PIT is performing more or less in line with the market.
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.
In the last month PIT has a been trading in a tight range between 51.70 and 53.71.
Volume is considerably higher in the last couple of days.
Although PIT has an excellent technical rating, it does not offer a high quality setup 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
54.26
4 important support areas can be observed.
- Support @50.03 from a horizontal line in the daily time frame.
- Support @48.97 from a horizontal line in the daily time frame.
- Support @48.14 from a trend line in the weekly time frame.
- A support zone ranging from 45.32 to 47.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 52.14 to 53.72. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for PIT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PIT is neutral. |
| ChartMill Relative Strength | 64.34 | NEUTRAL | PIT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PIT is below 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) | 45.71 | NEUTRAL | The RSI value for PIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests PIT has a negative trend. |
| Stochastics (14,3) | 36.31 | NEUTRAL | The Stochastics value for PIT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.81 | LOW VOLATILITY | The low ATR as a percentage value for PIT suggests low volalility. |
| Average Directional Index/ADX (14) | 22.48 | NEUTRAL | The ADX value for PIT suggests a possible start of a new 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 (8/1/2025, 10:25:09 AM)
51.87
-0.09 (-0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.17%
1 Week-2.72%
2 Weeks-1.8%
1 Month0.05%
3 Month8.5%
6 Month5.94%
12 Month10.89%
2 Year0.11%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%0.81%
ATR Inc175.05%
Range Today0
ADR(20)0.22
ADR(20)%0.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.34
Mansfield-0.27
10 Day High53.71
10 Day Low51.96
20 Day High53.71
20 Day Low51.7
52 Week High53.71
52 Week Low45.32
CS1 End50.03
CR1 Start52.14
Volume & EV
DER(3)2.98%
DER(5)1.79%
Volume107
Volume Incr85.78%
Vol(5)4.18K
Vol(50)1.97K