Templeton Emerging Markets Fund Stock Forecast
Green day on Tuesday for Templeton Emerging Markets Fund stock after gaining 0.322%
(Updated on Jul 02, 2024)
The Templeton Emerging Markets Fund stock price gained 0.322% on the last trading day (Tuesday, 2nd Jul 2024), rising from $12.42 to $12.46. During the last trading day the stock fluctuated 0.725% from a day low at $12.41 to a day high of $12.50. The price has been going up and down for this period, and there has been a 1.63% gain for the last 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 17 thousand shares were bought and sold for approximately $206.64 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.42% during the next 3 months and, with a 90% probability hold a price between $12.60 and $13.86 at the end of this 3-month period.
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EMF Signals & Forecast
The Templeton Emerging Markets Fund stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $12.39 and $12.32. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 4.36%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Templeton Emerging Markets Fund stock
On the downside, the stock finds support just below today's level from accumulated volume at $11.59 and $11.22. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Templeton Emerging Markets Fund finds support just below today's level at $11.59. If this is broken, then the next support from accumulated volume will be at $11.22 and $11.17.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0900 between high and low, or 0.725%. For the last week the stock has had daily average volatility of 0.795%
Our recommended stop-loss: $11.94 (-4.20%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (EMF) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Templeton Emerging Markets Fund to open at $12.46, and during the day (based on 14 day Average True Range), to move between $12.32 and $12.60, which gives a possible trading interval of +/-$0.145 (+/-1.16%) up or down from last closing price. If Templeton Emerging Markets Fund takes out the full calculated possible swing range there will be an estimated 2.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.47 (0.08%) than the support at $11.59 (6.98%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Templeton Emerging Markets Fund stock A Buy?
Templeton Emerging Markets Fund holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.726 Strong Buy Candidate Unchanged
Predicted Opening Price for Templeton Emerging Markets Fund of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$12.46 ( 0.0268%) | $12.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EMF
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 12.55 | 0.696% |
R2 | 12.51 | 0.420% |
R1 | 12.49 | 0.249% |
Price | 12.46 | |
S1 | 12.42 | -0.303% |
S2 | 12.40 | -0.473% |
S3 | 12.37 | -0.749% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 12.63 | 1.36% |
R2 | 12.49 | 0.241% |
R1 | 12.47 | 0.0803% |
Price | 12.46 | |
S1 | 11.59 | -6.98% |
S2 | 11.22 | -9.95% |
S3 | 11.17 | -10.35% |
EMF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 15, 2023 | Dec 15, 2023 | Dec 29, 2023 | $0.727 | 6.22% |
2 | Dec 07, 2022 | Dec 16, 2022 | Dec 31, 2018 | $1.13 | 8.55% |
3 | Dec 02, 2021 | Dec 14, 2021 | Dec 31, 2021 | $1.11 | 6.92% |
4 | Dec 01, 2020 | Dec 14, 2020 | Dec 31, 2020 | $0.477 | 2.55% |
5 | Dec 04, 2019 | Dec 13, 2019 | Dec 31, 2019 | $1.15 | 7.36% |
FAQ
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