Technical Analysis for EMCC - Global X MSCI Emerging Markets Covered Call ETF

Grade Last Price % Change Price Change
B 24.58 0.50% 0.12
EMCC closed up 0.5 percent on Monday, April 29, 2024, on 47 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.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong N/A Up Up

Date Alert Name Type % Chg
MACD Bullish Centerline Cross Bullish 0.00%
MACD Bullish Signal Line Cross Bullish 0.00%
Calm After Storm Range Contraction 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Gapped Up Strength 0.00%
Crossed Above 20 DMA Bullish 0.50%
Crossed Above 50 DMA Bullish 0.50%
New Uptrend Bullish 0.50%
Pocket Pivot Bullish Swing Setup 0.50%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 17 hours ago
Gapped Up (Full) about 21 hours ago
Rose Above Previous Day's High about 21 hours ago
Rose Above Upper Bollinger Band about 21 hours ago
2x Volume Pace about 21 hours ago

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Profile

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.
Classification

Sector: Other
Industry: Other
Keywords: Exchange Traded Funds Investment Management Synthetic Replication Passive Management Options Morgan Stanley

Is EMCC 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 26.4744
52 Week Low 23.758
Average Volume 291
200-Day Moving Average 0.00
50-Day Moving Average 24.34
20-Day Moving Average 24.35
10-Day Moving Average 24.37
Average True Range 0.11
RSI (14) 60.00
ADX 25.99
+DI 52.20
-DI 33.70
Chandelier Exit (Long, 3 ATRs) 24.25
Chandelier Exit (Short, 3 ATRs) 24.31
Upper Bollinger Bands 24.58
Lower Bollinger Band 24.11
Percent B (%b) 0.99
BandWidth 1.94
MACD Line 0.01
MACD Signal Line 0.00
MACD Histogram 0.0076
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 24.58
Resistance 3 (R3) 24.58 24.58 24.58
Resistance 2 (R2) 24.58 24.58 24.58 24.58
Resistance 1 (R1) 24.58 24.58 24.58 24.58 24.58
Pivot Point 24.58 24.58 24.58 24.58 24.58
Support 1 (S1) 24.58 24.58 24.58 24.58 24.58
Support 2 (S2) 24.58 24.58 24.58 24.58
Support 3 (S3) 24.58 24.58 24.58
Support 4 (S4) 24.58