EMIF iShares Emerging Markets Infras ETF Forecast, Technical & Fundamental Analysis
EMIF in +0.30% Uptrend, growing for three consecutive days on December 24, 2024
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where EMIF advanced for three days, in of 281 cases, the price rose further within 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 67 cases where EMIF'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 .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on January 07, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on EMIF as a result. In of 94 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 EMIF turned negative on January 08, 2025. 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 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EMIF declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for EMIF entered a downward trend on January 08, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category DiversifiedEmergingMkts
EMIF and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, EMIF has been closely correlated with SPEM. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if EMIF jumps, then SPEM could also see price increases.
| Ticker / NAME | Correlation To EMIF | 1D Price Change % | ||
|---|---|---|---|---|
| EMIF | 100% | +0.62% | ||
| SPEM - EMIF | 72% Closely correlated | +0.03% | ||
| VWO - EMIF | 72% Closely correlated | -0.09% | ||
| IEMG - EMIF | 69% Closely correlated | +0.02% | ||
| EEM - EMIF | 68% Closely correlated | +0.07% | ||
| SCHE - EMIF | 66% Closely correlated | +0.11% | ||
More | ||||