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