WEAT Stock Summary and Trading Ideas (Teucrium Wheat Etv | ARCA:WEAT)

The investment objective of the Teucrium Wheat Fund is to have the daily changes in percentage terms of the Shares NAV reflect the daily changes in percentage terms of a weighted average of the closing settlement prices for three futures contracts for wheat ( Wheat Futures Contracts ) that are traded on the Chicago Board of Trade ( CBOT )

Teucrium Wheat Etv trades on the ARCA stock market under the symbol WEAT.

As of April 24, 2024, WEAT stock price climbed to $5.75 with 1,071,226 million shares trading.

WEAT has a beta of 0.12, meaning it tends to be less sensitive to market movements. WEAT has a correlation of 0.00 to the broad based SPY ETF.

WEAT has a market cap of $153.81 million. This is considered a Micro Cap stock.

In the last 3 years, WEAT stock traded as high as $12.75 and as low as $5.02.

WEAT has underperformed the market in the last year with a return of -13.0%, while the SPY ETF gained +24.1%. In the last 3 month period, WEAT fell short of the market, returning -1.0%, while SPY returned +4.5%. However, in the most recent 2 weeks WEAT has outperformed the stock market by returning +6.7%, while SPY returned -1.7%.

WEAT support price is $5.57 and resistance is $5.75 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WEAT stock will trade within this expected range on the day.