TEUCRIUM WHEAT FUND (WEAT) Stock Technical Analysis
NYSEARCA:WEAT - NYSE Arca - US88166A5083 - ETF - Currency: USD
We assign a technical rating of 3 out of 10 to WEAT. Recently some decent action could be observed, but in the medium term time frame this is still negative. WEAT was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, WEAT is a bad performer in the overall market: 72% of all stocks are doing better.
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.
WEAT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WEAT is lagging the market slightly.
In the last month WEAT has a been trading in the 4.48 - 4.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WEAT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 4.68, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
4.34
5.54
We found 2 important support areas.
- A support zone ranging from 4.60 to 4.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.38 to 4.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 4.74 to 4.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.18 from a trend line in the daily time frame.
- A resistance zone ranging from 5.31 to 5.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.49 from a horizontal line in the daily time frame.
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 WEAT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WEAT is up. |
| ChartMill Relative Strength | 28.53 | NEGATIVE | WEAT has a low relative strength, it was outperformed by 71.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WEAT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WEAT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WEAT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.55 | NEUTRAL | The RSI value for WEAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests WEAT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.44 | NEUTRAL | The Stochastics value for WEAT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for WEAT suggests low volalility. |
| Average Directional Index/ADX (14) | 16.28 | NEGATIVE | The low ADX value for WEAT 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)
4.71
-0.09 (-1.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.87%
1 Week1.95%
2 Weeks0.64%
1 Month1.51%
3 Month1.95%
6 Month-1.67%
12 Month-11.3%
2 Year-26.86%
3 Year-47.9%
5 Year-6.92%
10 Year-61.58%
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%1.99%
ATR Inc8.24%
Range Today0.09
ADR(20)0.08
ADR(20)%1.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.53
Mansfield-0.81
10 Day High4.87
10 Day Low4.48
20 Day High4.87
20 Day Low4.48
52 Week High5.52
52 Week Low4.33
CS1 End4.68
CR1 Start4.74
Volume & EV
DER(3)2.33%
DER(5)0.56%
Volume979.50K
Volume Incr53.53%
Vol(5)944.60K
Vol(50)785.51K