Previous Hold Today EMD ranks #1685 as HOLD CANDIDATE #1685 Next Hold

EMD stock forecast Western Asset Emerging Markets Income Fund Inc

EMD stock forecast

Wednesday May 22, 2019 Change -0.15% Price $13.74
Chart period: 2019-02-25 - 2019-05-22
VOLUME
Sell
TREND
Hold
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

Will EMD stock price go up or down on Thu, 23 May 2019?

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Western Asset Emerging Markets Income Fund Inc Forecast and Stock Analysis

Technical EMD stock analysis for Wednesday May 22, 2019.

Hold candidate since 2019-05-20 Loss -0.22%
Shorts 1.75% ( 2013-01-15 )
Insider % n/a
Institutional % 47.70%
Beta 0.22
ROA -7.54%
Price to book USD 0.94
P/E Ratio n/a
Next Earnings Date n/a


Western Asset Emerging Markets Income Fund Inc fell by -0.15% in the last day ( Wednesday, 22nd May 2019 ) from $13.76 to $13.74 and has now fallen 5 days in a row. During day the stock fluctuated 0.51% from a day low at $13.73 to a day high of $13.80. The price has fallen in 6 of the last 10 days and is down by -1.01% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -38 660 shares and in total 88 580 shares bought and sold for approximately $1.22 million.

Quick summary:

  • 30 day high of the EMD stock price was $13.99 and low was $13.55.
  • 90 day high was $14.04 and low was $13.55.
  • 52 week high for the Western Asset Emerging Markets Income Fund Inc - $14.04 and low - $11.82.

Trend

Given the current horizontal trend you can expect Western Asset Emerging Markets Income Fund Inc with 90% probability to be traded between $13.63 and $14.01 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Monday May 13, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Western Asset Emerging Markets Income Fund Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $13.76 and $13.85. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

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A buy signal from a double bottom formation was found on Monday May 13, 2019 and based on theory for this formation the price should go up by 0.39% to $14.03 within 30 trading days since signal was issued (Tuesday June 25, 2019).

Relative Strength Index (RSI)

RSI14 is 36 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Western Asset Emerging Markets Income Fund Inc finds support from accumulated volume at $13.72.

Support: $13.72 Price: $13.74 Resistance: $13.88

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: $12.88 (-6.25%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 7 days ago.)

0.68 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Western Asset Emerging Markets Income Fund Inc holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development.

Hold/Accumulate Upgraded
Previous Hold Today EMD ranks #1685 as HOLD CANDIDATE #1685 Next Hold

Will EMD stock price go up or down
on Thu, 23 May 2019?

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