Technical Analysis for EMM - Global X Emerging Markets ETF

Grade Last Price % Change Price Change
D 27.26 -0.31% -0.08
EMM closed down 0.31 percent on Wednesday, November 20, 2024, on 82 percent of normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
Cup with Handle Other 0.00%
Oversold Stochastic Weakness 0.00%
Cup with Handle Other -0.31%
Lower Bollinger Band Walk Weakness -0.31%
Oversold Stochastic Weakness -0.31%
Cup with Handle Other 0.34%
Lower Bollinger Band Walk Weakness 0.34%
Stochastic Reached Oversold Weakness 0.34%
Gapped Down Weakness 0.34%
Lower Bollinger Band Touch Weakness 0.34%

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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 C -0.69 10.02
IBN D -0.10 3.12
HDB C 0.27 2.00
SHG C 2.62 1.74
MMYT B 4.15 1.48
ITUB D -0.33 1.03
NU C -1.04 1.01
GFI D -0.33 0.88
ARCO F 0.24 0.65
MELI C 0.77 0.57

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 29.94
52 Week Low 24.3678
Average Volume 6,520
200-Day Moving Average 27.63
50-Day Moving Average 28.13
20-Day Moving Average 27.77
10-Day Moving Average 27.55
Average True Range 0.31
RSI (14) 37.89
ADX 33.7
+DI 21.03
-DI 51.79
Chandelier Exit (Long, 3 ATRs) 28.03
Chandelier Exit (Short, 3 ATRs) 27.86
Upper Bollinger Bands 28.56
Lower Bollinger Band 26.99
Percent B (%b) 0.18
BandWidth 5.67
MACD Line -0.26
MACD Signal Line -0.19
MACD Histogram -0.0694
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 27.51
Resistance 3 (R3) 27.49 27.39 27.47
Resistance 2 (R2) 27.39 27.32 27.40 27.46
Resistance 1 (R1) 27.32 27.28 27.27 27.35 27.44
Pivot Point 27.22 27.22 27.19 27.23 27.22
Support 1 (S1) 27.16 27.15 27.10 27.18 27.08
Support 2 (S2) 27.05 27.11 27.06 27.07
Support 3 (S3) 26.99 27.05 27.05
Support 4 (S4) 27.01