EMBD Global X Emerging Markets Bond ETF Forecast, Technical & Fundamental Analysis
EMBD in -0.50% downward trend, sliding for three consecutive days on December 16, 2024
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where EMBD declined for three days, in of 226 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 13, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on EMBD as a result. In of 80 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 EMBD turned negative on December 13, 2024. 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 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
EMBD moved above its 50-day moving average on November 25, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for EMBD crossed bullishly above the 50-day moving average on December 03, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. 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 EMBD advanced for three days, in of 300 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 264 cases where EMBD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category EmergingMarketsBond
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| PWTYX | 56.24 | N/A | N/A |
| UBS US Allocation P | |||
| AIGYX | 12.24 | -0.02 | -0.16% |
| abrdn Realty Income & Growth Instl | |||
| JDEAX | 44.22 | -0.14 | -0.32% |
| JPMorgan US Research Enhanced Equity A | |||
| AICGX | 37.60 | -0.24 | -0.63% |
| American Century Discplnd Cor Val R5 | |||
| TSMVX | 31.78 | -0.36 | -1.12% |
| Transamerica Small/Mid Cap Value I2 | |||
EMBD and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, EMBD has been closely correlated with PCY. These tickers have moved in lockstep 77% of the time. This A.I.-generated data suggests there is a high statistical probability that if EMBD jumps, then PCY could also see price increases.
| Ticker / NAME | Correlation To EMBD | 1D Price Change % | ||
|---|---|---|---|---|
| EMBD | 100% | +0.02% | ||
| PCY - EMBD | 77% Closely correlated | -0.24% | ||
| EMB - EMBD | 76% Closely correlated | -0.05% | ||
| VWOB - EMBD | 75% Closely correlated | -0.09% | ||
| EMHY - EMBD | 72% Closely correlated | -0.13% | ||
| CEMB - EMBD | 65% Loosely correlated | -0.02% | ||
More | ||||