Technical Analysis for EMCC - Global X MSCI Emerging Markets Covered Call ETF
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Non-ADX 1,2,3,4 Bearish | Bearish Swing Setup | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Inside Day | Range Contraction | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.78% | |
| Lower Bollinger Band Walk | Weakness | 0.78% | |
| Gapped Up | Strength | 0.78% | |
| Oversold Stochastic | Weakness | 0.78% | |
| Narrow Range Bar | Range Contraction | 1.14% | |
| Lower Bollinger Band Walk | Weakness | 1.14% |
| Alert | Time |
|---|---|
| Fell Below Lower Bollinger Band | 3 days ago |
| Fell Below Previous Day's Low | 3 days ago |
| 2x Volume Pace | 7 days ago |
| 1.5x Volume Pace | 7 days ago |
| Fell Below Previous Day's Low | 7 days ago |
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Basic chart:
EMCC is passively managed to employ a covered call strategy on the MSCI Emerging Markets Investable Market Index. The fund holds a theoretical portfolio of stocks of the reference index, while writing a succession of one-month, at-the-money FLEX call options on ETF shares of the index. The call options are written on 100% of the portfolio value and are held through expiration, either expiring or settling in cash. Holding the various positions and writing call options inside an ETF wrapper is a more efficient way to access the strategy. Premium income from the written calls protects the fund against stagnant prices or small losses, but the strategy limits the upside potential of the fund. Should the index rally, the fund is expected to underperform.
Sector: Other
Industry: Other
Keywords: Exchange Traded Funds Investment Management Synthetic Replication Passive Management Options Morgan Stanley
Classification
Sector: Other
Industry: Other
Keywords: Exchange Traded Funds Investment Management Synthetic Replication Passive Management Options Morgan Stanley
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 25.0298 |
| 52 Week Low | 22.4021 |
| Average Volume | 1,022 |
| 200-Day Moving Average | 23.51 |
| 50-Day Moving Average | 24.52 |
| 20-Day Moving Average | 24.49 |
| 10-Day Moving Average | 24.36 |
| Average True Range | 0.14 |
| RSI (14) | 41.86 |
| ADX | 24.47 |
| +DI | 36.44 |
| -DI | 48.69 |
| Chandelier Exit (Long, 3 ATRs) | 24.60 |
| Chandelier Exit (Short, 3 ATRs) | 24.33 |
| Upper Bollinger Bands | 25.09 |
| Lower Bollinger Band | 23.90 |
| Percent B (%b) | 0.23 |
| BandWidth | 4.88 |
| MACD Line | -0.12 |
| MACD Signal Line | -0.05 |
| MACD Histogram | -0.0708 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 24.18 | ||||
| Resistance 3 (R3) | 24.18 | 24.18 | 24.18 | ||
| Resistance 2 (R2) | 24.18 | 24.18 | 24.18 | 24.18 | |
| Resistance 1 (R1) | 24.18 | 24.18 | 24.18 | 24.18 | 24.18 |
| Pivot Point | 24.18 | 24.18 | 24.18 | 24.18 | 24.18 |
| Support 1 (S1) | 24.18 | 24.18 | 24.18 | 24.18 | 24.18 |
| Support 2 (S2) | 24.18 | 24.18 | 24.18 | 24.18 | |
| Support 3 (S3) | 24.18 | 24.18 | 24.18 | ||
| Support 4 (S4) | 24.18 |
