RNEM First Trust Emerging Markets Eq Sel ETF Forecast, Technical & Fundamental Analysis
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Nasdaq Riskalyze Emerging Markets TM Index... Show more
RNEM's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for RNEM turned positive on June 27, 2025. Looking at past instances where RNEM's MACD turned positive, the stock continued to rise in of 45 cases 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 June 24, 2025. You may want to consider a long position or call options on RNEM as a result. In of 75 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 RNEM advanced for three days, in of 250 cases, the price rose further within the following month. The odds of a continued upward trend are .
RNEM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 233 cases where RNEM 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 RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
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General Information
Category DiversifiedEmergingMkts
RNEM and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, RNEM has been closely correlated with VWO. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if RNEM jumps, then VWO could also see price increases.
| Ticker / NAME | Correlation To RNEM | 1D Price Change % | ||
|---|---|---|---|---|
| RNEM | 100% | +0.22% | ||
| VWO - RNEM | 83% Closely correlated | +0.28% | ||
| IEMG - RNEM | 82% Closely correlated | +0.38% | ||
| EEM - RNEM | 82% Closely correlated | +0.43% | ||
| EEMV - RNEM | 80% Closely correlated | +0.46% | ||
| EMXC - RNEM | 80% Closely correlated | +0.77% | ||
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