VanEck Agribusiness ETF (MOO) - 7th November 2023 | @ 78 Days | + 3.65%
Last trade: + 3.65% | 'B' class signal detected in VanEck Agribusiness ETF (MOO). Running at an average wavelength of 78 days over 12 iterations since June 2021. Currently troughing.
VanEck Agribusiness ETF is an exchange-traded fund that seeks to track the performance of companies involved in the agricultural industry. It offers exposure to global agriculture-related sectors, including farming, livestock, fertilisers, equipment, and food processing. The fund provides investors with a convenient way to gain diversified exposure to the agribusiness sector.
ΣL Cycle Summary
Excellent example of the 80 day wave here in this agriculture focused ETF with a generally stationary profile, shown below in the time frequency analysis. Likely to have troughed recently, the next cycle peak is due mid December according to the latest phasing. In the last report we caught the last of the down-leg with a late sell. At this juncture, if we are locked in to the correct timing, the forthcoming up-leg of this component should yield more. This should also be a trough of the next larger component, around 160 days, also shown below for subscribers and which we cover in isolation on the site, given it’s favourable characteristics.
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.
Type: Late Sell - VanEck Agribusiness ETF 9th October 2023
Entry: 9th October 2023 @ 76.94
Exit: 6th November 2023 @ 74.13
Current Signal Status
Defining characteristics of the component detected over the sample period.
Time Frequency Analysis
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