Technical Analysis for EMFM - Global X Next Emerging & Frontier ETF

Grade Last Price % Change Price Change
B 18.50 -0.36% -0.07
EMFM closed down 0.36 percent on Friday, May 3, 2024, on 39 percent of normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Flat Flat

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
New Downtrend Bearish 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Calm After Storm Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Gapped Down Weakness 0.00%
50 DMA Support Bullish -0.36%
Crossed Above 20 DMA Bullish -0.36%
180 Bullish Setup Bullish Swing Setup -0.36%

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Profile

Global X Next Emerging & Frontier ETF Description

In the past, emerging market investment has been dominated by exposure to the largest emerging economies: the BRICs (Brazil, Russia, India, and China). After a period of explosive growth, however, these countries are now experiencing slowing growth rates, aging populations, and increasing correlations to developed markets. This has driven investors to seek exposure to the next group of countries that are both primed for rapid economic expansion and can potentially provide diversification for their portfolios. The Global X Next Emerging & Frontier ETF offers broad exposure to these attractive economies by accessing the next emerging markets (ex-BRIC, South Korea, and Taiwan) and frontier markets. The new Global X fund will focus on countries such as Argentina, Laos, Papua New Guinea, Chile, Mexico, Bangladesh, Mongolia, Qatar, Colombia, Peru, Gabon, Namibia, Slovakia, Czech Republic, Philippines, Georgia, Nigeria, Tanzania, Egypt, Poland, Kazakhstan, Oman, United Arab Emirates, Hungary, South Africa, Kenya, Pakistan, Vietnam, Indonesia, Thailand, Kuwait, Panama, Malaysia, Turkey.


Classification

Keywords: Exchange Traded Fund ETF Emerging Market ETN Diversification Frontier Markets Explosives International Relations

Top 10 Components

Symbol Grade Price % Change Allocation
HMY B 0.00 0.67
BCH A 0.00 0.34

Is EMFM a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 19.1333
52 Week Low 16.6732
Average Volume 1,408
200-Day Moving Average 18.25
50-Day Moving Average 18.47
20-Day Moving Average 18.52
10-Day Moving Average 18.54
Average True Range 0.05
RSI (14) 47.92
ADX 25.66
+DI 14.69
-DI 40.91
Chandelier Exit (Long, 3 ATRs) 18.42
Chandelier Exit (Short, 3 ATRs) 18.55
Upper Bollinger Bands 18.59
Lower Bollinger Band 18.45
Percent B (%b) 0.32
BandWidth 0.73
MACD Line 0.02
MACD Signal Line 0.02
MACD Histogram -0.0041
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 18.57
Resistance 3 (R3) 18.57 18.56 18.55
Resistance 2 (R2) 18.56 18.54 18.55 18.55
Resistance 1 (R1) 18.53 18.53 18.52 18.52 18.55
Pivot Point 18.51 18.51 18.51 18.51 18.51
Support 1 (S1) 18.48 18.49 18.47 18.47 18.44
Support 2 (S2) 18.46 18.48 18.46 18.44
Support 3 (S3) 18.43 18.46 18.44
Support 4 (S4) 18.42