Smartshares Emerging Markets Equities Stock Forecast

Smartshares Emerging Markets Equities stock upgraded to Strong Buy Candidate.
(Updated on May 17, 2024)

EMG.NZ Signals & Forecast

The Smartshares Emerging Markets Equities 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 $2.47 and $2.42. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 5.69%. 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 not be. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Friday, February 02, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

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

Smartshares Emerging Markets Equities finds support from accumulated volume at $2.47 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 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 $0.0330 between high and low, or 1.34%. For the last week the stock has had daily average volatility of 1.11%

Our recommended stop-loss: $2.36 (-5.12%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (EMG.NZ) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Smartshares Emerging Markets Equities ESG ETF to open at $2.48, and during the day (based on 14 day Average True Range), to move between $2.46 and $2.52, which gives a possible trading interval of +/-$0.0299 (+/-1.20%) up or down from last closing price. If Smartshares Emerging Markets Equities ESG ETF takes out the full calculated possible swing range there will be an estimated 2.40% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $2.47, some $0.0180 (0.72%) from the current price of $2.49, our system finds the risk reward attractive.

Is Smartshares Emerging Markets Equities ESG ETF stock A Buy?

Smartshares Emerging Markets Equities 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

Current score: 7.042 Strong Buy Candidate Upgraded

Predicted Opening Price for Smartshares Emerging Markets Equities ESG ETF of Monday, May 20, 2024

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