Global X MSCI SuperDividend Emerging ETF Forecast
Green day on Friday for Global X MSCI SuperDividend Emerging ETF after gaining 1.11%
(Updated on May 17, 2024)
The Global X MSCI SuperDividend Emerging ETF price gained 1.11% on the last trading day (Friday, 17th May 2024), rising from $26.99 to $27.29. 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 0.738% from a day low at $27.09 to a day high of $27.29. The price has risen in 9 of the last 10 days and is up by 4.86% over the past 2 weeks. Volume fell on the last day by -926 shares and in total, 2 thousand shares were bought and sold for approximately $56.79 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 ETF has broken the narrow and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $26.43, a level that may pose a second chance to hit a runner. According to fan-theory $27.45 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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SDEM Signals & Forecast
The Global X MSCI SuperDividend Emerging 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 $26.72 and $25.92. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 8.04%. 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 ETF had a Golden Star Signal on Friday, April 26, 2024 in the short-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.
Golden Star
The ETF had a Golden Star Signal on Friday, April 26, 2024 in the short-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 Global X MSCI SuperDividend Emerging ETF
Global X MSCI SuperDividend Emerging finds support from accumulated volume at $26.05 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 controlled movements and therefore the general risk is considered 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 $0.200 between high and low, or 0.738%. For the last week the ETF has had daily average volatility of 0.553%.
The Global X MSCI SuperDividend Emerging ETF is extremely overbought on RSI14 (81). Normally this may pose a good selling opportunity but since the ETF has broken the trend up, the chance for a major correction due to high RSI is very small as the ETF will find support at the trend broken.
Our recommended stop-loss: $26.13 (-4.24%) (This ETF has low daily movements and this gives low risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (SDEM) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Global X MSCI SuperDividend Emerging Markets ETF to open at $27.22, and during the day (based on 14 day Average True Range), to move between $27.06 and $27.52, which gives a possible trading interval of +/-$0.231 (+/-0.85%) up or down from last closing price. If Global X MSCI SuperDividend Emerging Markets ETF takes out the full calculated possible swing range there will be an estimated 1.69% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $26.05, some $1.24 (4.54%) from the current price of $27.29, our system finds the risk reward attractive.
Is Global X MSCI SuperDividend Emerging Markets ETF ETF A Buy?
Global X MSCI SuperDividend Emerging 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Global X MSCI SuperDividend Emerging Markets ETF of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$27.22 ( 0.244%) | $27.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SDEM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 27.42 | 0.489 % | |
R2 | 27.35 | 0.209 % | ||
R1 | 27.30 | 0.0357 % | ||
Current price: | 27.29 | |||
Support | S1 | 27.15 | -0.524 % | |
S2 | 27.10 | -0.697 % | ||
S3 | 27.02 | -0.98 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 27.29 | |||
Support | S1 | 26.05 | -4.54% | |
S2 | 25.82 | -5.39% | ||
S3 | 25.74 | -5.68% |
SDEM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 03, 2024 | May 03, 2024 | May 13, 2024 | $0.145 | 0.545% |
2 | Dec 28, 2023 | Apr 03, 2024 | Apr 11, 2024 | $0.150 | 0.574% |
3 | Dec 28, 2023 | Mar 05, 2024 | Mar 13, 2024 | $0.160 | 0.629% |
4 | Dec 28, 2023 | Feb 05, 2024 | Feb 13, 2024 | $0.160 | 0.650% |
5 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.160 | 0.646% |
FAQ
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