TEUCRIUM WHEAT FUND (WEAT) Technical Analysis
NYSEARCA:WEAT • US88166A8707
Current stock price
WEAT Technical Rating and Analysis
Taking everything into account, WEAT scores 8 out of 10 in our technical rating. Although WEAT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- WEAT 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 WEAT is performing more or less in line with the market.
- WEAT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When compared to the yearly performance of all other stocks, WEAT outperforms 51% of them, which is more or less in line with the market.
WEAT Weekly and Daily overview Charts
WEAT Setup Rating and Analysis
WEAT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. 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
WEAT Support and Resistance Analysis
19.68
When analyzing the support we notice one important area.
- A support zone ranging from 19.88 to 20.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 23.00 to 23.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @24.00 from a horizontal line in the weekly time frame.
WEAT Technical Indicator Signal Analysis
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 WEAT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WEAT is up. |
| ChartMill Relative Strength | 51.43 | NEUTRAL | WEAT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WEAT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WEAT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WEAT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.67 | NEUTRAL | The RSI value for WEAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests WEAT has a negative trend. |
| Stochastics (14,3) | 53.75 | NEUTRAL | The Stochastics value for WEAT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for WEAT suggests some volalility. |
| Average Directional Index/ADX (14) | 29.54 | POSITIVE | The high ADX value value for WEAT suggests a strong trend. |
WEAT Chart- and CandleStick Pattern Analysis
WEAT Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 23.62 | 22.22 | 1.40 (5.93%) | 16.87% |
| An entry @23.62. This is a Buy Stop order right above the resistance zone. | An exit @22.22. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.40 points, which is 5.93%. | For a 1.00% total portfolio risk, you can invest 16.87% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
WEAT Technicals: Chart, Performance Metrics, Trend & Indicators
22.87
+0.04 (+0.18%)
TEUCRIUM WHEAT FUND / WEAT TA FAQ
Can you provide the ChartMill technical rating for TEUCRIUM WHEAT FUND?
ChartMill assigns a technical rating of 8 / 10 to WEAT.
Can you provide the trend direction for TEUCRIUM WHEAT FUND?
The current trend direction for TEUCRIUM WHEAT FUND (WEAT) is Bullish.
Can you provide the RSI signal for TEUCRIUM WHEAT FUND?
TEUCRIUM WHEAT FUND (WEAT) has an RSI value of 52.6721. This indicates that the stock is currently neutral.
What is the MACD signal for TEUCRIUM WHEAT FUND (WEAT) stock?
The MACD indicator for TEUCRIUM WHEAT FUND (WEAT) has a value of -0.0715949, indicating a bearish trend.
Can you provide the short term momentum for TEUCRIUM WHEAT FUND?
The short term momentum for TEUCRIUM WHEAT FUND (WEAT) is positive.