Betashares Martin Currie Emerging Trust Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Betashares Martin Currie Emerging trust price after Friday trading.
(Updated on Jun 28, 2024)
The Betashares Martin Currie Emerging trust price gained 0.83% on the last trading day (Friday, 28th Jun 2024), rising from $5.99 to $6.04. During the last trading day the trust fluctuated 0.83% from a day low at $6.00 to a day high of $6.05. The price has risen in 6 of the last 10 days and is up by 2.81% over the past 2 weeks. Volume fell on the last day by -25 thousand shares and in total, 30 thousand shares were bought and sold for approximately $179.20 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 trust has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $6.03 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the trust is predicted to reach $6.30 sometime during the next 3 months.
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EMMG.AX Signals & Forecast
The Betashares Martin Currie Emerging trust 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 $5.98 and $5.92. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 4.68%. 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 Betashares Martin Currie Emerging trust
Betashares Martin Currie Emerging finds support from accumulated volume at $5.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the trust 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 trust During the last day, the trust moved $0.0500 between high and low, or 0.83%. For the last week the trust has had daily average volatility of 0.98%
The Betashares Martin Currie Emerging trust is extremely overbought on RSI14 (74). Normally this may pose a good selling opportunity but since the trust has broken the trend up, the chance for a major correction due to high RSI is very small as the trust will find support at the trend broken.
Our recommended stop-loss: $5.77 (-4.46%) (This trust has low daily movements and this gives low risk. The RSI14 is 74 and this increases the risk substantially. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (EMMG.AX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Betashares Martin Currie Emerging Markets Fund (managed Fund) to open at $6.03, and during the day (based on 14 day Average True Range), to move between $5.98 and $6.10, which gives a possible trading interval of +/-$0.0619 (+/-1.03%) up or down from last closing price. If Betashares Martin Currie Emerging Markets Fund (managed Fund) takes out the full calculated possible swing range there will be an estimated 2.05% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $5.99, some $0.0500 (0.83%) from the current price of $6.04, our system finds the risk reward attractive.
Is Betashares Martin Currie Emerging Markets Fund (managed Fund) trust A Buy?
Betashares Martin Currie Emerging holds several positive signals and has broken the narrow and horizontal trend up. As the trust is in great technical shape 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 trust since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.468 Strong Buy Candidate Upgraded
Predicted Opening Price for Betashares Martin Currie Emerging Markets Fund (managed Fund) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $6.03 ( 0.166%) | $6.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EMMG.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.08 | 0.662% |
| R2 | 6.06 | 0.346% |
| R1 | 6.05 | 0.151% |
| Price | 6.04 | |
| S1 | 6.01 | -0.482% |
| S2 | 6.00 | -0.677% |
| S3 | 5.98 | -0.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 6.04 | |
| S1 | 5.99 | -0.83% |
| S2 | 5.95 | -1.49% |
| S3 | 5.91 | -2.15% |
FAQ
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