VANECK COMMODITY STRAT ETF (PIT) Stock Technical Analysis
NYSEARCA:PIT - NYSE Arca - US92189H7715 - ETF - Currency: USD
We assign a technical rating of 7 out of 10 to PIT. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PIT is only an average performer.
Warning: PIT has an average volume of 1742 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
PIT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PIT is lagging the market slightly.
When compared to the yearly performance of all other stocks, PIT outperforms 60% of them, which is more or less in line with the market.
In the last month PIT has a been trading in a tight range between 48.60 and 50.73.
Although PIT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
44.87
51.26
3 important support areas can be observed.
- A support zone ranging from 47.98 to 49.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 46.41 to 46.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 45.32 to 45.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 49.84 to 50.75. This zone is formed by a combination of multiple trend lines and important moving averages 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
CRS60.55
Mansfield-0.51
10 Day High50.73
10 Day Low49.45
20 Day High50.73
20 Day Low48.6
52 Week High50.95
52 Week Low45.33
Performance
1 Week-0.81%
2 Weeks1.1%
1 Month1.32%
3 Month1.75%
6 Month3.99%
12 Month6.72%
2 Year2.96%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)0.02
RSI(14)53.7
LBB49.03
UBB50.74
NYSEARCA:PIT (2/21/2025, 8:04:02 PM)
49.83
-0.7 (-1.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.38%
1 Week-0.81%
2 Weeks1.1%
1 Month1.32%
3 Month1.75%
6 Month3.99%
12 Month6.72%
2 Year2.96%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%0.72%
ATR Inc41.13%
Range Today0.25
ADR(20)0.18
ADR(20)%0.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.55
Mansfield-0.51
10 Day High50.73
10 Day Low49.45
20 Day High50.73
20 Day Low48.6
52 Week High50.95
52 Week Low45.33
CS1 End49.61
CR1 Start49.84
Volume & EV
DER(3)-0.64%
DER(5)-0.38%
Volume5.20K
Volume Incr-12.35%
Vol(5)1.42K
Vol(50)1.74K