TEUCRIUM WHEAT FUND (WEAT) Stock Technical Analysis
NYSEARCA:WEAT - NYSE Arca - US88166A5083 - ETF - Currency: USD
We assign a technical rating of 0 out of 10 to WEAT. WEAT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
80% 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. The S&P500 Index however is trading in the upper part of its 52 week range, so WEAT is lagging the market.
In the last month WEAT has a been trading in the 4.33 - 4.69 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Considerably lower volume is observed in the last couple of days.
WEAT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 4.43, a Stop Loss order could be placed below this zone.
More info and screens
4.34
5.54
We found 1 important support area.
- A support zone ranging from 4.38 to 4.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 6 important resistance areas.
- A resistance zone ranging from 4.56 to 4.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.80 to 4.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.97 from a horizontal line in the daily time frame.
- Resistance @5.21 from a trend line in the daily time frame.
- Resistance @5.38 from a horizontal line in the weekly time frame.
- 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 | DOWN | NEGATIVE | The long term trend for WEAT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WEAT is down. |
| ChartMill Relative Strength | 20.19 | NEGATIVE | WEAT has a low relative strength, it was outperformed by 79.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WEAT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WEAT is below 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) | 46.74 | 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) | 56.48 | NEUTRAL | The Stochastics value for WEAT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for WEAT suggests low volalility. |
| Average Directional Index/ADX (14) | 20.18 | NEUTRAL | The ADX value for WEAT 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)
4.53
-0.03 (-0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.66%
1 Week-2.37%
2 Weeks0.44%
1 Month0%
3 Month-6.21%
6 Month-5.43%
12 Month-28.32%
2 Year-25.25%
3 Year-58.71%
5 Year-15.33%
10 Year-54.61%
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%1.75%
ATR Inc-37.2%
Range Today0.04
ADR(20)0.07
ADR(20)%1.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.19
Mansfield-1.19
10 Day High4.69
10 Day Low4.45
20 Day High4.69
20 Day Low4.33
52 Week High6.45
52 Week Low4.33
CS1 End4.43
CR1 Start4.56
Volume & EV
DER(3)2.2%
DER(5)0.95%
Volume355.90K
Volume Incr-52.78%
Vol(5)432.08K
Vol(50)888.90K