Technical Analysis for PIT - VanEck Commodity Strategy ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| B | 49.06 | 0.64% | 0.31 |
PIT closed up 0.64 percent on Monday, May 6, 2024, on 22 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Up | Flat | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Crossed Above 50 DMA | Bullish | 0.00% | |
| Stochastic Buy Signal | Bullish | 0.00% | |
| Cup with Handle | Other | 0.00% | |
| Calm After Storm | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Cup with Handle | Other | 0.64% | |
| Calm After Storm | Range Contraction | 0.64% | |
| Narrow Range Bar | Range Contraction | 0.64% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakdown | about 5 hours ago |
| Gapped Up (Full) | about 9 hours ago |
| Rose Above Previous Day's High | about 9 hours ago |
| Rose Above 50 DMA | about 9 hours ago |
| Up 1% | about 9 hours ago |
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Basic chart:
The investment seeks to provide long-term capital appreciation. The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing, under normal circumstances, in exchange-traded commodity futures contracts, exchange-traded and over-the-counter (“OTC”) commodity-linked instruments, and pooled investment vehicles, including exchange-traded products (“ETPs”) that provide exposure to commodities (“Commodity Instruments”) and Cash and Fixed Income Investments. It does not invest in commodities directly.
Keywords: Exchange Traded Funds Commodity Markets Exchange Traded Products Commodity Precious Metals
Classification
Keywords: Exchange Traded Funds Commodity Markets Exchange Traded Products Commodity Precious Metals
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 51.2206 |
| 52 Week Low | 42.6561 |
| Average Volume | 3,931 |
| 200-Day Moving Average | 48.26 |
| 50-Day Moving Average | 49.04 |
| 20-Day Moving Average | 49.75 |
| 10-Day Moving Average | 49.34 |
| Average True Range | 0.52 |
| RSI (14) | 45.36 |
| ADX | 25.73 |
| +DI | 46.50 |
| -DI | 25.68 |
| Chandelier Exit (Long, 3 ATRs) | 49.28 |
| Chandelier Exit (Short, 3 ATRs) | 49.97 |
| Upper Bollinger Bands | 51.09 |
| Lower Bollinger Band | 48.41 |
| Percent B (%b) | 0.24 |
| BandWidth | 5.40 |
| MACD Line | -0.12 |
| MACD Signal Line | 0.08 |
| MACD Histogram | -0.2044 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 49.38 | ||||
| Resistance 3 (R3) | 49.41 | 49.34 | 49.32 | ||
| Resistance 2 (R2) | 49.34 | 49.26 | 49.32 | 49.30 | |
| Resistance 1 (R1) | 49.20 | 49.21 | 49.17 | 49.17 | 49.29 |
| Pivot Point | 49.13 | 49.13 | 49.11 | 49.11 | 49.13 |
| Support 1 (S1) | 48.99 | 49.05 | 48.96 | 48.96 | 48.83 |
| Support 2 (S2) | 48.92 | 49.00 | 48.90 | 48.82 | |
| Support 3 (S3) | 48.78 | 48.92 | 48.80 | ||
| Support 4 (S4) | 48.75 |
