MEMX Matthews Emerging Markets Ex Chn Act ETF Forecast, Technical & Fundamental Analysis
MEMX's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for MEMX turned positive on January 06, 2025. Looking at past instances where MEMX's MACD turned positive, the stock continued to rise in of 19 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MEMX advanced for three days, in of 137 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 29 cases where MEMX's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on January 08, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on MEMX as a result. In of 26 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
MEMX moved below its 50-day moving average on January 07, 2025 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 MEMX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
General Information
Category DiversifiedEmergingMkts
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| OPOCX | 101.31 | 0.71 | +0.71% |
| Invesco Discovery A | |||
| KLCIX | 18.83 | 0.13 | +0.70% |
| Federated Hermes Kaufmann Large Cap IS | |||
| FSYJX | 8.60 | 0.06 | +0.70% |
| Fidelity Sustainable Emerging Markets Eq | |||
| HILGX | 11.73 | 0.07 | +0.60% |
| Hennessy Cornerstone Large Growth Instl | |||
| DNLYX | 59.45 | 0.30 | +0.51% |
| BNY Mellon Active MidCap Y | |||
MEMX and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, MEMX has been closely correlated with SCHE. These tickers have moved in lockstep 84% of the time. This A.I.-generated data suggests there is a high statistical probability that if MEMX jumps, then SCHE could also see price increases.
| Ticker / NAME | Correlation To MEMX | 1D Price Change % | ||
|---|---|---|---|---|
| MEMX | 100% | +0.16% | ||
| SCHE - MEMX | 84% Closely correlated | +0.99% | ||
| NUEM - MEMX | 72% Closely correlated | +1.29% | ||
| EMXC - MEMX | 7% Poorly correlated | +0.29% | ||
| IEMG - MEMX | 6% Poorly correlated | +0.77% | ||
| EEM - MEMX | 5% Poorly correlated | +0.79% | ||
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