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AI Analysis of EMF.NZ
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Smartshares Emerging Markets ETF stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 21, 2024)

Buy or Hold candidate since Jun 06, 2024 Gain 3.37% PDF

The Smartshares Emerging Markets ETF stock price fell by -0.139% on the last day (Friday, 21st Jun 2024) from $1.44 to $1.44. During the last trading day the stock fluctuated 1.19% from a day low at $1.43 to a day high of $1.44. The price has risen in 7 of the last 10 days and is up by 2.93% over the past 2 weeks. Volume has increased on the last day by 5 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 30 thousand shares were bought and sold for approximately $42.64 thousand.

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 2.02% during the next 3 months and, with a 90% probability hold a price between $1.40 and $1.52 at the end of this 3-month period.

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EMF.NZ Signals & Forecast

The Smartshares Emerging Markets ETF stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $1.42 and $1.43. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -0.139%. Further fall is indicated until a new bottom pivot has been found. Smartshares Emerging Markets ETF gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Smartshares Emerging Markets ETF stock

Smartshares Emerging Markets ETF finds support from accumulated volume at $1.42 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0170 between high and low, or 1.19%. For the last week the stock has had daily average volatility of 1.20%.

Our recommended stop-loss: $1.40 (-2.84%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (EMF.NZ) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Smartshares Emerging Markets ETF to open at $1.44, and during the day (based on 14 day Average True Range), to move between $1.42 and $1.46, which gives a possible trading interval of +/-$0.0198 (+/-1.37%) up or down from last closing price. If Smartshares Emerging Markets ETF takes out the full calculated possible swing range there will be an estimated 2.75% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.44 (0.14%) than the support at $1.42 (1.32%), 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 Smartshares Emerging Markets ETF stock A Buy?

Smartshares Emerging Markets ETF holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.822 Hold/Accumulate Downgraded

Predicted Opening Price for Smartshares Emerging Markets ETF of Monday, June 24, 2024

Fair opening price June 24, 2024 Current price
$1.44 ( 0.393%) $1.44

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for EMF.NZ

Fibonacci Support & Resistance Levels

Level Price
R3 1.45 0.786%
R2 1.45 0.336%
R1 1.44 0.0574%
Price 1.44
S1 1.43 -0.84%
S2 1.43 -1.12%
S3 1.42 -1.57%

Accumulated Volume Support & Resistance Levels

Level Price
R3 1.47 1.94%
R2 1.45 0.485%
R1 1.44 0.139%
Price 1.44
S1 1.42 -1.32%
S2 1.41 -2.22%
S3 1.40 -2.91%

EMF Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 30, 2024 May 30, 2024 Jun 20, 2024 $0.0125 0.87%
2 Nov 29, 2023 Nov 29, 2023 Nov 29, 2023 $0.0159 1.23%
3 May 30, 2023 May 30, 2023 May 30, 2023 $0.0195 1.50%
4 Nov 29, 2022 Nov 29, 2022 Nov 29, 2022 $0.0182 1.47%
5 May 30, 2022 May 30, 2022 May 30, 2022 $0.0186 1.42%

FAQ

What is the symbol for Smartshares Emerging Markets ETF Stock and on which exchange is it traded?
The symbol for Smartshares Emerging Markets ETF is EMF.NZ and it is traded on the NZX (New Zealand Stock Exchange).

Should I buy or sell Smartshares Emerging Markets ETF Stock?
Smartshares Emerging Markets ETF holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Smartshares Emerging Markets ETF Stock?
Smartshares Emerging Markets ETF Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Smartshares Emerging Markets ETF Stock.

What's the current price of Smartshares Emerging Markets ETF Stock?
As of the end of day on the Jun 21, 2024, the price of an Smartshares Emerging Markets ETF (EMF.NZ) share was $1.44.

What is the 52-week high and low for Smartshares Emerging Markets ETF Stock?
The 52-week high for Smartshares Emerging Markets ETF Stock is $1.48 and the 52-week low is $1.27.

What is the market capitalization of Smartshares Emerging Markets ETF Stock?
As of the Jun 21, 2024, the market capitalization of Smartshares Emerging Markets ETF is 149.947M.
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