Technical Analysis for RNEM - First Trust Emerging Markets Equity Select ETF

Grade Last Price % Change Price Change
D 52.34 -0.17% -0.09
RNEM closed down 0.17 percent on Friday, November 1, 2024, on 51 percent of 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
Weak or Absent Flat Down Down

Date Alert Name Type % Chg
180 Bearish Setup Bearish Swing Setup 0.00%
Stochastic Buy Signal Bullish 0.00%
Oversold Stochastic Weakness 0.00%
200 DMA Support Bullish -0.17%
Gilligan's Island Buy Setup Bullish Swing Setup -0.17%
Gapped Down Weakness -0.17%
Oversold Stochastic Weakness -0.17%
Narrow Range Bar Range Contraction -0.70%
Gapped Up Strength -0.70%
Oversold Stochastic Weakness -0.70%

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Profile

First Trust Emerging Markets Equity Select ETF Description

The Emerging Markets Equity Select ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Nasdaq Riskalyze Emerging Markets Equity Select Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks and depositary receipts that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and is developed, maintained and sponsored by Riskalyze, Inc. (the "Index Provider").


Classification

Keywords: Exchange Traded Fund ETF Exchange Traded Funds Index Fund Stock Market Index Nasdaq Composite Index

Top 10 Components

Symbol Grade Price % Change Allocation
HDB B 0.27 3.17
IBN A -0.10 3.10
VALE F -0.93 0.52
GGB F -1.28 0.51
CHT D 0.48 0.38
ABEV F -1.38 0.29
BAP B -1.29 0.26
BCH D -0.43 0.15

Is RNEM 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 55.7
52 Week Low 47.06
Average Volume 1,663
200-Day Moving Average 52.31
50-Day Moving Average 53.72
20-Day Moving Average 53.39
10-Day Moving Average 52.84
Average True Range 0.39
RSI (14) 37.50
ADX 21.55
+DI 26.81
-DI 49.66
Chandelier Exit (Long, 3 ATRs) 54.06
Chandelier Exit (Short, 3 ATRs) 53.37
Upper Bollinger Bands 54.77
Lower Bollinger Band 52.01
Percent B (%b) 0.12
BandWidth 5.17
MACD Line -0.42
MACD Signal Line -0.28
MACD Histogram -0.1322
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 52.65
Resistance 3 (R3) 52.67 52.60 52.60
Resistance 2 (R2) 52.60 52.52 52.58 52.58
Resistance 1 (R1) 52.47 52.47 52.43 52.44 52.56
Pivot Point 52.39 52.39 52.37 52.38 52.39
Support 1 (S1) 52.26 52.31 52.23 52.24 52.12
Support 2 (S2) 52.19 52.26 52.17 52.10
Support 3 (S3) 52.06 52.19 52.08
Support 4 (S4) 52.03