Templeton Emerging Markets Fund Stock Forecast
Templeton Emerging Markets Fund stock price up 1.34% on Monday
(Updated on Apr 22, 2024)
The Templeton Emerging Markets Fund stock price gained 1.34% on the last trading day (Monday, 22nd Apr 2024), rising from $11.20 to $11.35. During the last trading day the stock fluctuated 1.79% from a day low at $11.17 to a day high of $11.37. The price has been going up and down for this period, and there has been a -5.5% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 19 thousand more shares were traded than the day before. In total, 37 thousand shares were bought and sold for approximately $415.39 thousand.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $11.20 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.63% during the next 3 months and, with a 90% probability hold a price between $11.72 and $12.72 at the end of this 3-month period.
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EMF Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.61%. Further rise is indicated until a new top pivot has been found. Templeton Emerging Markets Fund has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Templeton Emerging Markets Fund stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $11.76. On a fall, the stock will find some support from the short-term average at $11.34. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Templeton Emerging Markets Fund stock
Templeton Emerging Markets Fund finds support from accumulated volume at $11.23 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.200 between high and low, or 1.79%. For the last week, the stock has had daily average volatility of 1.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EMF) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Templeton Emerging Markets Fund to open at $11.30, and during the day (based on 14 day Average True Range), to move between $11.20 and $11.50, which gives a possible trading interval of +/-$0.154 (+/-1.36%) 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 2.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.47 (1.01%) than the support at $11.23 (1.06%), 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 negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.452 Sell Candidate Unchanged
Predicted Opening Price for Templeton Emerging Markets Fund of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $11.30 ( 0.470%) | $11.35 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 11.50 | 1.29 % | |
| R2 | 11.42 | 0.619 % | ||
| R1 | 11.37 | 0.203 % | ||
| Current price: | 11.35 | |||
| Support | S1 | 11.22 | -1.14 % | |
| S2 | 11.17 | -1.56 % | ||
| S3 | 11.10 | -2.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.94 | 5.20 % | |
| R2 | 11.89 | 4.76 % | ||
| R1 | 11.47 | 1.01 % | ||
| Current price | 11.35 | |||
| Support | S1 | 11.23 | -1.06% | |
| S2 | 11.22 | -1.15% | ||
| S3 | 11.17 | -1.59% |
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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