Technical Analysis for EMM - Global X Emerging Markets ETF

Grade Last Price % Change Price Change
A 28.83 1.11% 0.32
EMM closed up 1.11 percent on Wednesday, July 3, 2024, on 38 percent of normal volume. The bulls were able to push the stock to a new 52-week high. 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
New 52 Week Closing High Bullish 0.00%
New 52 Week High Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
180 Bullish Setup Bullish Swing Setup 1.11%
Stochastic Reached Overbought Strength 1.11%
Outside Day Range Expansion 1.11%
Overbought Stochastic Strength 1.11%
Gapped Down Weakness 1.11%
Narrow Range Bar Range Contraction 1.42%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 9 hours ago
New 52 Week High about 9 hours ago
Up 1 ATR about 9 hours ago
Gapped Up (Full) about 12 hours ago
Bullish 180 Entry about 12 hours ago

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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

Top 10 Components

Symbol Grade Price % Change Allocation
TSM A 3.86 10.04
IBN A 0.59 3.16

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 28.8318
52 Week Low 23.1849
Average Volume 6,347
200-Day Moving Average 25.99
50-Day Moving Average 27.52
20-Day Moving Average 28.14
10-Day Moving Average 28.48
Average True Range 0.27
RSI (14) 67.21
ADX 15.12
+DI 41.95
-DI 27.40
Chandelier Exit (Long, 3 ATRs) 28.03
Chandelier Exit (Short, 3 ATRs) 27.48
Upper Bollinger Bands 29.04
Lower Bollinger Band 27.25
Percent B (%b) 0.88
BandWidth 6.36
MACD Line 0.32
MACD Signal Line 0.30
MACD Histogram 0.0226
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 29.09
Resistance 3 (R3) 29.06 28.95 29.05
Resistance 2 (R2) 28.95 28.88 28.96 29.03
Resistance 1 (R1) 28.89 28.84 28.92 28.92 29.02
Pivot Point 28.77 28.77 28.79 28.79 28.77
Support 1 (S1) 28.72 28.71 28.75 28.75 28.65
Support 2 (S2) 28.60 28.67 28.62 28.63
Support 3 (S3) 28.55 28.60 28.62
Support 4 (S4) 28.57