Teucrium Wheat Fund technical analysis
Technical analysis of Teucrium Wheat Fund (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is Teucrium Wheat Fund
Teucrium Wheat Fund (WEAT) is a commodity-focused fund that pursues its investment objectives by operating primarily in futures contracts linked to wheat. Under normal market conditions, the fund intends to invest approximately 100% of its assets in benchmark component futures contracts, along with cash and cash equivalents.
Description generated automatically from public sources; it may be inaccurate or out of date.
Teucrium Wheat Fund: latest session data
Closing values for October 21, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
24.64 $
−6.36%
50 sessions
25.54 $
−9.68%
200 sessions
23.46 $
−1.65%
Session levels
s2
23.20
Support
s1
23.38
Support
pivot
23.69
Pivot
r1
23.87
Resistance
r2
24.18
Resistance
How to read it
In the October 21, 2026 session Teucrium Wheat Fund closed lower at 23.07 $, −2.04% versus the previous session.
The price sits below every moving average observed: −6.36% against the 21-session average, −9.68% against the 50 and −1.65% against the 200.
The 14-period RSI reads 26.9, in oversold territory.
MACD stands at -0.563 against a signal line at -0.427: the histogram is negative (−0.137).
ADX reads 29.0, indicating a marked directionality.
Levels computed on the latest session place supports at 23.38 and 23.20 $ and resistances at 23.87 and 24.18 $, around a pivot of 23.69.
The average daily range (ATR) is 0.479 $, or 2.08% of price.
Turnover was 853.7K shares, 229% of the 20-session average.
Over the last twelve months the price ranged between 21.64 and 28.41 $, and today stands −18.80% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about Teucrium Wheat Fund
How is Teucrium Wheat Fund analysed technically?
Technical analysis of Teucrium Wheat Fund is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Teucrium Wheat Fund?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Teucrium Wheat Fund?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Teucrium Wheat Fund it helps frame the technical structure of the historical chart and is not a forecast.
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