Technical Analysis for MEM - Matthews Emerging Markets Equity Active ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| A | 30.29 | 0.38% | 0.11 |
MEM closed up 0.38 percent on Monday, May 6, 2024, on 21 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 bulls were able to push the stock to a new 52-week high. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. 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.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Shooting Star Candlestick | Bearish | 0.00% | |
| Lizard Bearish | Bearish Day Trade Setup | 0.00% | |
| Gilligan's Island Sell Setup | Bearish Swing Setup | 0.00% | |
| New 52 Week Closing High | Bullish | 0.00% | |
| Pocket Pivot | Bullish Swing Setup | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| New 52 Week High | Strength | 0.00% | |
| Upper Bollinger Band Walk | Strength | 0.00% | |
| Gapped Up | Strength | 0.00% |
| Alert | Time |
|---|---|
| Possible Pocket Pivot | about 3 hours ago |
| Possible NR7 | about 4 hours ago |
| 60 Minute Opening Range Breakdown | about 7 hours ago |
| Fell Below Upper Bollinger Band | about 8 hours ago |
| Rose Above Previous Day's High | about 9 hours ago |
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Basic chart:
The investment seeks long-term capital appreciation. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in the common and preferred stocks of companies located in emerging market countries. It seeks to invest in companies capable of sustainable growth based on the fundamental characteristics of those companies, including balance sheet information; number of employees; size and stability of cash flow; management’s depth, adaptability and integrity; product lines; marketing strategies; corporate governance; and financial health.
Classification
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 30.3586 |
| 52 Week Low | 24.0073 |
| Average Volume | 14,503 |
| 200-Day Moving Average | 27.63 |
| 50-Day Moving Average | 29.09 |
| 20-Day Moving Average | 29.12 |
| 10-Day Moving Average | 29.48 |
| Average True Range | 0.33 |
| RSI (14) | 68.05 |
| ADX | 23.61 |
| +DI | 43.25 |
| -DI | 17.27 |
| Chandelier Exit (Long, 3 ATRs) | 29.37 |
| Chandelier Exit (Short, 3 ATRs) | 29.14 |
| Upper Bollinger Bands | 30.30 |
| Lower Bollinger Band | 27.93 |
| Percent B (%b) | 0.99 |
| BandWidth | 8.14 |
| MACD Line | 0.25 |
| MACD Signal Line | 0.09 |
| MACD Histogram | 0.151 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 30.39 | ||||
| Resistance 3 (R3) | 30.40 | 30.38 | 30.38 | ||
| Resistance 2 (R2) | 30.38 | 30.36 | 30.38 | 30.37 | |
| Resistance 1 (R1) | 30.34 | 30.34 | 30.32 | 30.32 | 30.36 |
| Pivot Point | 30.31 | 30.31 | 30.31 | 30.31 | 30.31 |
| Support 1 (S1) | 30.27 | 30.29 | 30.26 | 30.26 | 30.22 |
| Support 2 (S2) | 30.24 | 30.27 | 30.24 | 30.21 | |
| Support 3 (S3) | 30.20 | 30.24 | 30.20 | ||
| Support 4 (S4) | 30.19 |
