Technical Analysis for WEAT - Teucrium Wheat Fund ETV
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 5.21 | -1.70% | -0.09 |
WEAT closed down 1.7 percent on Wednesday, April 17, 2024, on approximately normal volume. It ran into resistance at its 50 day moving average. 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 |
|---|---|---|---|
| Weak or Absent | Down | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 20 DMA Resistance | Bearish | 0.00% | |
| 50 DMA Resistance | Bearish | 0.00% | |
| MACD Bearish Centerline Cross | Bearish | 0.00% | |
| 180 Bearish Setup | Bearish Swing Setup | 0.00% | |
| Expansion Pivot Sell Setup | Bearish Swing Setup | 0.00% | |
| Bollinger Band Squeeze | Range Contraction | 0.00% | |
| Stochastic Reached Oversold | Weakness | 0.00% | |
| BB Squeeze + Lower Band Touch | Range Contraction | 0.00% | |
| Outside Day | Range Expansion | 0.00% | |
| Down 3 Days in a Row | Weakness | 0.00% |
| Alert | Time |
|---|---|
| Down 2 % | about 12 hours ago |
| Down 1 ATR | about 12 hours ago |
| Lower Bollinger Band Support | about 13 hours ago |
| Outside Day | about 13 hours ago |
| Fell Below Lower Bollinger Band | about 13 hours ago |
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The investment seeks to have the daily changes in percentage terms of the fundâs net assets value per share reflect the daily changes in percentage terms of a weighted average of the closing settlement prices for three futures contracts.
The fund normally invests other Wheat Futures Contracts traded on the CBOT, the Kansas City Board of Trade, or the Minneapolis Grain Exchange, or on foreign exchanges. It also may invest in exchange-traded options on Wheat Futures Contracts and in wheat-based swap agreements that are cleared through the CBOT or its affiliated provider of clearing services in furtherance of the fund's investment objective.
Keywords: Exchange Traded Fund ETF Commodity Markets Wheat Futures Exchanges Clearing Services CBOT Kansas City Board Of Trade
Classification
Keywords: Exchange Traded Fund ETF Commodity Markets Wheat Futures Exchanges Clearing Services CBOT Kansas City Board Of Trade
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 7.435 |
| 52 Week Low | 5.02 |
| Average Volume | 613,227 |
| 200-Day Moving Average | 5.83 |
| 50-Day Moving Average | 5.34 |
| 20-Day Moving Average | 5.34 |
| 10-Day Moving Average | 5.36 |
| Average True Range | 0.11 |
| RSI (14) | 41.18 |
| ADX | 15.46 |
| +DI | 18.15 |
| -DI | 23.05 |
| Chandelier Exit (Long, 3 ATRs) | 5.18 |
| Chandelier Exit (Short, 3 ATRs) | 5.44 |
| Upper Bollinger Bands | 5.47 |
| Lower Bollinger Band | 5.21 |
| Percent B (%b) | 0.01 |
| BandWidth | 4.97 |
| MACD Line | -0.01 |
| MACD Signal Line | 0.00 |
| MACD Histogram | -0.0105 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 5.47 | ||||
| Resistance 3 (R3) | 5.48 | 5.42 | 5.42 | ||
| Resistance 2 (R2) | 5.42 | 5.35 | 5.41 | 5.41 | |
| Resistance 1 (R1) | 5.31 | 5.31 | 5.28 | 5.30 | 5.39 |
| Pivot Point | 5.25 | 5.25 | 5.23 | 5.24 | 5.25 |
| Support 1 (S1) | 5.14 | 5.18 | 5.11 | 5.13 | 5.03 |
| Support 2 (S2) | 5.08 | 5.14 | 5.07 | 5.01 | |
| Support 3 (S3) | 4.97 | 5.08 | 5.00 | ||
| Support 4 (S4) | 4.96 |
