EMQQ The Emerging Markets Internet & ETF Forecast

$31.31
+0.110 (+0.353%)
At Close: Mar 28, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Stronger technical forecast for EMQQ The Emerging Markets Internet & ETF price after Thursday trading.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 25, 2024 Gain 1.00% PDF

The EMQQ The Emerging Markets Internet & ETF price gained 0.353% on the last trading day (Thursday, 28th Mar 2024), rising from $31.20 to $31.31. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.575% from a day low at $31.31 to a day high of $31.49. The price has been going up and down for this period, and there has been a 0.58% gain for the last 2 weeks. Volume fell on the last day by -10 thousand shares and in total, 34 thousand shares were bought and sold for approximately $1.05 million. 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 ETF 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 ETF is expected to rise 5.33% during the next 3 months and, with a 90% probability hold a price between $31.63 and $33.55 at the end of this 3-month period.

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EMQQ Signals & Forecast

The EMQQ The Emerging Markets Internet & ETF 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 $31.20 and $30.67. 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 Wednesday, March 13, 2024, and so far it has fallen -0.792%. Further fall is indicated until a new bottom pivot has been found. 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. The ETF had a Golden Star Signal on Tuesday, July 11, 2023 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 ETF in question.

Buy
Special Signal Notification

Golden Star 12 Months

The ETF had a Golden Star Signal on Tuesday, July 11, 2023 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 ETF in question.

Support, Risk & Stop-loss for EMQQ The Emerging Markets Internet & ETF

EMQQ The Emerging Markets Internet & finds support from accumulated volume at $30.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF 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 ETF During the last day, the ETF moved $0.180 between high and low, or 0.575%. For the last week the ETF has had daily average volatility of 0.629%

Our recommended stop-loss: $30.26 (-3.34%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (EMQQ) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect EMQQ The Emerging Markets Internet & Ecommerce ETF to open at $31.37, and during the day (based on 14 day Average True Range), to move between $30.89 and $31.73, which gives a possible trading interval of +/-$0.424 (+/-1.35%) up or down from last closing price. If EMQQ The Emerging Markets Internet & Ecommerce ETF 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 $31.42 (0.35%) than the support at $30.16 (3.67%), 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 EMQQ The Emerging Markets Internet & Ecommerce ETF ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for EMQQ The Emerging Markets Internet & ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.229 Buy Candidate Upgraded

Predicted Opening Price for EMQQ The Emerging Markets Internet & Ecommerce ETF of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$31.37 ( 0.192%) $31.31

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

Trading levels for EMQQ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 31.55 0.766 %
R2 31.48 0.547 %
R1 31.44 0.411 %
Current price: 31.31
Support S1 31.30 -0.0280 %
S2 31.26 -0.164 %
S3 31.19 -0.383 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 31.56 0.798 %
R2 31.52 0.671 %
R1 31.42 0.351 %
Current price 31.31
Support S1 30.16 -3.67%
S2 29.90 -4.50%
S3 29.47 -5.88%

EMQQ Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 26, 2023 Dec 26, 2023 Dec 29, 2023 $0.245 0.795%
2 Dec 24, 2020 Dec 28, 2020 Dec 31, 2020 $0.114 0.179%
3 Dec 23, 2019 Dec 24, 2019 Dec 31, 2019 $0.455 1.29%
4 Dec 22, 2017 Dec 26, 2017 Dec 29, 2017 $0.357 0.94%
5 Jan 06, 2017 Dec 20, 2016 Dec 23, 2016 $0.171 0.752%

FAQ

What is the symbol for EMQQ The Emerging Markets Internet & Ecommerce ETF ETF and on which exchange is it traded?
The symbol for EMQQ The Emerging Markets Internet & Ecommerce ETF is EMQQ and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell EMQQ The Emerging Markets Internet & Ecommerce ETF ETF?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for EMQQ The Emerging Markets Internet & ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

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

What's the current price of EMQQ The Emerging Markets Internet & Ecommerce ETF ETF?
As of the end of day on the 2024-03-28, the price of an EMQQ The Emerging Markets Internet & Ecommerce ETF (EMQQ) share was $31.31.

What is the 52-week high and low for EMQQ The Emerging Markets Internet & Ecommerce ETF ETF?
The 52-week high for EMQQ The Emerging Markets Internet & Ecommerce ETF ETF is $33.74 and the 52-week low is $27.32.

What is the market capitalization of EMQQ The Emerging Markets Internet & Ecommerce ETF ETF?
As of the 2024-03-28, the market capitalization of EMQQ The Emerging Markets Internet & Ecommerce ETF is 370.463M.
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About EMQQ The Emerging Markets Internet & Ecommerce ETF

EMQQ was created on 11/13/14 by Exchange Traded Concepts. The ETF tracks a cap-weighted index of companies producing most of their revenue from internet or ecommerce activity in emerging markets.... EMQQ Profile

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