Overall WEAT gets a technical rating of 1 out of 10. WEAT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 81% of all other stocks performed better in the past year than WEAT.
- WEAT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month WEAT has a been trading in a tight range between 20.00 and 21.17.
WEAT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 20.65, a Stop Loss order could be placed below this zone.
More info and screens
19.68
When analyzing the support we notice one important area.
- A support zone ranging from 19.88 to 20.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 20.77 to 20.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @21.40 from a horizontal line in the daily time frame.
- Resistance @21.85 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 | DOWN | NEGATIVE | The long term trend for WEAT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WEAT is neutral. |
| ChartMill Relative Strength | 19.4 | NEGATIVE | WEAT has a low relative strength, it was outperformed by 80.6% 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) | 52.7 | NEUTRAL | The RSI value for WEAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests WEAT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.64 | NEUTRAL | The Stochastics value for WEAT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.45 | LOW VOLATILITY | The low ATR as a percentage value for WEAT suggests low volalility. |
| Average Directional Index/ADX (14) | 19.85 | NEGATIVE | The low ADX value for WEAT suggests a weak or negative trend. |
20.67
+0.02 (+0.1%)
TEUCRIUM WHEAT FUND / WEAT FAQ
Can you provide the ChartMill technical rating for TEUCRIUM WHEAT FUND?
ChartMill assigns a technical rating of 1 / 10 to WEAT.
Can you provide the trend direction for TEUCRIUM WHEAT FUND?
The current trend direction for TEUCRIUM WHEAT FUND (WEAT) is Bearish.
What is the RSI signal for TEUCRIUM WHEAT FUND (WEAT) stock?
TEUCRIUM WHEAT FUND (WEAT) has an RSI value of 52.7033. This indicates that the stock is currently neutral.
What is the short term momentum for WEAT stock?
The short term momentum for TEUCRIUM WHEAT FUND (WEAT) is neutral.
Can you provide the support and resistance levels for TEUCRIUM WHEAT FUND?
TEUCRIUM WHEAT FUND (WEAT) has a support level at 20.65 and a resistance level at 20.77. Check the full technical report for our detailed analysis of WEAT support and resistance levels.