VANECK AFRICA INDEX ETF (AFK) Stock Technical Analysis
NYSEARCA:AFK - NYSE Arca - US92189F8665 - ETF - Currency: USD
Overall AFK gets a technical rating of 7 out of 10. In the last year, AFK was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
Warning: AFK has an average volume of 15550 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Looking at the yearly performance, AFK did better than 86% of all other stocks. We also observe that the gains produced by AFK over the past year are nicely spread over this period.
AFK is part of the Automobile Components industry. There are 81 other stocks in this industry. AFK outperforms 88% of them.
AFK is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so AFK slightly outperforms the market at the moment.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
In the last month AFK has a been trading in the 16.15 - 17.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
AFK has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 17.25. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.69, a Stop Loss order could be placed below this zone. 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
15.32
17.42
2 important support areas can be observed.
- A support zone ranging from 16.27 to 16.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.47 to 15.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 17.25 to 17.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.38
Mansfield0.26
10 Day High17.2
10 Day Low16.15
20 Day High17.35
20 Day Low16.15
52 Week High17.35
52 Week Low13.72
Performance
1 Week2.43%
2 Weeks-0.24%
1 Month-0.94%
3 Month2.93%
6 Month7.53%
12 Month23.25%
2 Year5.58%
3 Year-20.66%
5 Year33.39%
10 Year-32.59%
15 Year-46.48%
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)
Technical Indicators
MACD(12,26,9)-0.04
RSI(14)54.06
LBB16.29
UBB17.33
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 |
|---|---|---|---|
| 17.26 | 16.26 | 1.00 (5.79%) | 17.26% |
| An entry @17.26. This is a Buy Stop order right above the resistance zone. | An exit @16.26. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.00 points, which is 5.79%. | For a 1.00% total portfolio risk, you can invest 17.26% 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.
NYSEARCA:AFK (3/7/2025, 8:04:01 PM)
16.86
+0.12 (+0.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg0.72%
1 Week2.43%
2 Weeks-0.24%
1 Month-0.94%
3 Month2.93%
6 Month7.53%
12 Month23.25%
2 Year5.58%
3 Year-20.66%
5 Year33.39%
10 Year-32.59%
15 Year-46.48%
Volatility
ATR(14)0.37
ATR(20)%1.94%
ATR Inc-9.68%
Range Today0.28
ADR(20)0.31
ADR(20)%1.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.38
Mansfield0.26
10 Day High17.2
10 Day Low16.15
20 Day High17.35
20 Day Low16.15
52 Week High17.35
52 Week Low13.72
CS1 End16.69
CR1 Start17.25
Volume & EV
DER(3)0.21%
DER(5)0.12%
Volume11.60K
Volume Incr162.61%
Vol(5)34.94K
Vol(50)15.55K