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EEM in upward trend: price may ascend as a result of having broken its lower Bollinger Band on May 24, 2023
EEM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 41 cases where EEM's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 58 cases where EEM's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EEM advanced for three days, in of 317 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 30, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on EEM as a result. In of 89 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for EEM turned negative on May 23, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .
EEM moved below its 50-day moving average on May 23, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for EEM crossed bearishly below the 50-day moving average on May 24, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EEM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category DiversifiedEmergingMkts
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| HAP | 45.92 | 0.67 | +1.49% |
| VanEck Natural Resources ETF | |||
| DIAL | 17.59 | 0.10 | +0.56% |
| Columbia Diversified Fixed Inc Allc ETF | |||
| FLRN | 30.51 | -0.02 | -0.05% |
| SPDR® Blmbg Inv Grd Flt Rt ETF | |||
| MOON | 11.89 | -0.03 | -0.25% |
| Direxion Moonshot Innovators ETF | |||
| SDD | 26.14 | -0.36 | -1.36% |
| ProShares UltraShort SmallCap600 | |||
EEM and
Correlation & Price change
A.I.dvisor indicates that over the last year, EEM has been closely correlated with IEMG. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if EEM jumps, then IEMG could also see price increases.
| Ticker / NAME | Correlation To EEM | 1D Price Change % | ||
|---|---|---|---|---|
| EEM | 100% | +1.78% | ||
| IEMG - EEM | 100% Closely correlated | +1.72% | ||
| ESGE - EEM | 99% Closely correlated | +1.73% | ||
| SCHE - EEM | 99% Closely correlated | +1.65% | ||
| XSOE - EEM | 99% Closely correlated | +1.67% | ||
| VWO - EEM | 99% Closely correlated | +1.72% | ||
More | ||||
