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

Grade Last Price % Change Price Change
A 24.76 0.45% 0.11
EMCC closed up 0.45 percent on Friday, November 1, 2024, on 9.86 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Flat

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
New Uptrend Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Cup with Handle Other 0.00%
Volume Surge Other 0.00%
Three Weeks Tight Range Contraction 0.00%
Strong but Oversold Other 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
New Downtrend Bearish 0.45%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 16 hours ago
20 DMA Resistance about 16 hours ago
10 DMA Resistance about 16 hours ago
Gapped Up (Full) about 20 hours ago
Non-ADX 1,2,3,4 Pullback Entry about 20 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

Top 10 Components

Symbol Grade Price % Change Allocation
IEMG C 0.25 104.77

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 25.1829
52 Week Low 22.5991
Average Volume 979
200-Day Moving Average 23.62
50-Day Moving Average 24.63
20-Day Moving Average 24.90
10-Day Moving Average 24.88
Average True Range 0.10
RSI (14) 47.92
ADX 29.49
+DI 53.41
-DI 34.45
Chandelier Exit (Long, 3 ATRs) 24.81
Chandelier Exit (Short, 3 ATRs) 24.94
Upper Bollinger Bands 25.10
Lower Bollinger Band 24.71
Percent B (%b) 0.13
BandWidth 1.57
MACD Line 0.04
MACD Signal Line 0.10
MACD Histogram -0.0541
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 25.05
Resistance 3 (R3) 25.08 25.01 25.00
Resistance 2 (R2) 25.01 24.94 25.00 24.98
Resistance 1 (R1) 24.89 24.90 24.86 24.86 24.97
Pivot Point 24.82 24.82 24.81 24.81 24.82
Support 1 (S1) 24.70 24.75 24.67 24.67 24.55
Support 2 (S2) 24.63 24.71 24.62 24.54
Support 3 (S3) 24.51 24.63 24.52
Support 4 (S4) 24.48