QEMM SPDR® MSCI Emerging Mkts StratcFacts ETF Forecast, Technical & Fundamental Analysis
QEMM in upward trend: 10-day moving average crossed above 50-day moving average on November 13, 2023
The 10-day moving average for QEMM crossed bullishly above the 50-day moving average on November 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on QEMM as a result. In of 85 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 QEMM just turned positive on November 02, 2023. Looking at past instances where QEMM's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .
QEMM moved above its 50-day moving average on November 03, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where QEMM advanced for three days, in of 324 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 249 cases where QEMM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for QEMM moved out of overbought territory on November 21, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 similar instances where the indicator moved out of overbought territory. In of the 35 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 17 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where QEMM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
QEMM broke above its upper Bollinger Band on November 03, 2023. 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.
Fundamental Analysis (Ratings)
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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
QEMM and
Correlation & Price change
A.I.dvisor tells us that QEMM and SPEM have been poorly correlated (+5% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that QEMM and SPEM's prices will move in lockstep.
| Ticker / NAME | Correlation To QEMM | 1D Price Change % | ||
|---|---|---|---|---|
| QEMM | 100% | +0.96% | ||
| SPEM - QEMM | 5% Poorly correlated | +0.87% | ||
| EMXC - QEMM | 5% Poorly correlated | +1.11% | ||
| VWO - QEMM | 4% Poorly correlated | +0.82% | ||
| SCHE - QEMM | 4% Poorly correlated | +0.81% | ||
| EEM - QEMM | 4% Poorly correlated | +0.84% | ||
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