VanEck Oil Refiners ETF (CRAK)

VanEck Oil Refiners ETF is trading at $60.05, up 0.28% on the session. The 50 day average sits at $51.09 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 73.8, which reads as overbought, and MACD is bullish crossover. Volume is below average.

The nearest support is around $53.31 with resistance near $59.38, so that band frames the current range. Average daily movement is roughly $1.11, or about 1.8% of the share price, which is what any stop placement has to allow for. The overall health score of 72 out of 100 combines a trend score of 72, momentum of 76 and a risk score of 65.

The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index includes equity securities and depositary receipts of companies in the global oil refining segment. To be initially eligible for the Oil Refiners Index, companies must generate at least 50% of their revenues from crude oil refining. Products of these companies may include gasoline, diesel, jet fuel, fuel oil, naphtha, and other petrochemicals. The fund is non-diversified.