Technical Analysis for EMM - Global X Emerging Markets ETF

Grade Last Price % Change Price Change
B 27.17 1.10% 0.30
EMM closed up 1.1 percent on Friday, May 3, 2024, on 30 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Stochastic Reached Overbought Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Crossed Above 20 DMA Bullish 1.10%
MACD Bullish Signal Line Cross Bullish 1.10%
Gapped Up Strength 1.10%
Volume Surge Other 2.30%

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Profile

Global X Emerging Markets ETF Description

EMM seeks long-term capital growth by investing in companies believed to be able to achieve and maintain a leading position within their respective country, region, industry, products produce, or services provided. The belief is that emerging markets have the potential for higher levels of growth based on the occurrence of socio-economic changes. Thus, an opportunistic approach to investing in companies considered to be best positioned to benefit from these changes. The funds investable universe is limited to emerging market stocks that meet minimum trading volume and market capitalization requirements. The selection process also considers advantageous-competitive strategies and share-holder beneficial practices and philosophies. The portfolio is constructed using a bottom-up fundamental analysis, subject to a risk management framework. The fund may engage in active and frequent trading. On May 15, 2023, EMM converted from a mutual fund to an actively managed ETF, with $18 million in assets.


Classification

Keywords: Exchange Traded Funds

Is EMM 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 28.0
52 Week Low 23.1849
Average Volume 2,922
200-Day Moving Average 25.56
50-Day Moving Average 26.96
20-Day Moving Average 26.76
10-Day Moving Average 26.60
Average True Range 0.25
RSI (14) 57.63
ADX 18.83
+DI 42.68
-DI 29.99
Chandelier Exit (Long, 3 ATRs) 27.26
Chandelier Exit (Short, 3 ATRs) 26.68
Upper Bollinger Bands 27.85
Lower Bollinger Band 25.68
Percent B (%b) 0.69
BandWidth 8.12
MACD Line -0.06
MACD Signal Line -0.12
MACD Histogram 0.0574
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 27.25
Resistance 3 (R3) 27.24 27.20 27.23
Resistance 2 (R2) 27.20 27.18 27.21 27.23
Resistance 1 (R1) 27.19 27.17 27.20 27.20 27.22
Pivot Point 27.15 27.15 27.16 27.16 27.15
Support 1 (S1) 27.14 27.13 27.15 27.15 27.12
Support 2 (S2) 27.10 27.12 27.11 27.11
Support 3 (S3) 27.09 27.10 27.11
Support 4 (S4) 27.09