MEM Matthews Emerging Markets Eq Actv ETF Forecast, Technical & Fundamental Analysis
MEM in downward trend: 10-day moving average crossed below 50-day moving average on November 14, 2024
The 10-day moving average for MEM crossed bearishly below the 50-day moving average on November 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 8 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 .
Technical Analysis (Indicators)
Bearish Trend Analysis
MEM moved below its 50-day moving average on December 10, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MEM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
MEM broke above its upper Bollinger Band on December 09, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for MEM entered a downward trend on November 26, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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.
The Momentum Indicator moved above the 0 level on November 27, 2024. You may want to consider a long position or call options on MEM as a result. In of 33 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for MEM just turned positive on December 02, 2024. Looking at past instances where MEM's MACD turned positive, the stock continued to rise in of 23 cases 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 MEM advanced for three days, in of 165 cases, the price rose further within the following month. The odds of a continued upward trend are .
General Information
Category DiversifiedEmergingMkts
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| GCVIX | 23.84 | N/A | N/A |
| Goldman Sachs Large Cp Val Insghts Instl | |||
| SBICX | 8.17 | -0.05 | -0.61% |
| ClearBridge International Value C | |||
| WSTYX | 63.98 | -0.44 | -0.68% |
| Delaware Ivy Science and Technology Y | |||
| LIONX | 10.29 | -0.12 | -1.15% |
| Issachar N | |||
| QCSCX | 21.84 | -0.27 | -1.22% |
| Federated Hermes MDT Small Cap Core C | |||
MEM and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, MEM has been closely correlated with EEM. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if MEM jumps, then EEM could also see price increases.
| Ticker / NAME | Correlation To MEM | 1D Price Change % | ||
|---|---|---|---|---|
| MEM | 100% | -0.34% | ||
| EEM - MEM | 86% Closely correlated | -0.24% | ||
| IEMG - MEM | 85% Closely correlated | -0.37% | ||
| VWO - MEM | 85% Closely correlated | -0.24% | ||
| SPEM - MEM | 84% Closely correlated | -0.23% | ||
| EMXC - MEM | 82% Closely correlated | -1.01% | ||
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