VanEck Agribusiness ETF (MOO) - 18th December 2023 | @ 78 Days | + 4.1%
Last trade: + 4.1% | 'B' class signal detected in VanEck Agribusiness ETF (MOO). Running at an average wavelength of 79 days over 10 iterations since November 2021. Currently peaking.
Instrument Summary
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
A regulation move in the up leg here for MOO and the coherent periodic component around 80 days. Price is currently forming a peak of the wave and due to trough toward the end of January, 2024.
Trade Update
See also: Live ΣL Portfolio & History
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: Buy - MOO 7th November 2023
Entry: 7th November 2023 @ 73.2
Exit: 15th December 2023 @ 76.2
Gain: 4.1%
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: B - learn more
Average Wavelength: 79.19 Days
Completed Iterations: 10
Component Yield Over Sample: 81.23% - learn more