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.
AI Analysis of EMD
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Green day on Wednesday for Western Asset Emerging Markets Income stock after gaining 0.634%
(Updated on Mar 27, 2024)

Buy candidate since Mar 18, 2024 Gain 2.47% PDF

The Western Asset Emerging Markets Income stock price gained 0.634% on the last trading day (Wednesday, 27th Mar 2024), rising from $9.47 to $9.53. It has now gained 5 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 stock fluctuated 0.740% from a day low at $9.46 to a day high of $9.53. The price has risen in 8 of the last 10 days and is up by 2.8% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 thousand more shares were traded than the day before. In total, 155 thousand shares were bought and sold for approximately $1.47 million.

The stock lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $9.55 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.18% during the next 3 months and, with a 90% probability hold a price between $9.31 and $9.76 at the end of this 3-month period.

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EMD Signals & Forecast

Mostly positive signals in the chart today. The Western Asset Emerging Markets Income 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 $9.39 and $9.21. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, January 23, 2024, and so far it has risen 6.36%. 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). Western Asset Emerging Markets Income has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The stock 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 stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock 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 stock in question.

Support, Risk & Stop-loss for Western Asset Emerging Markets Income stock

Western Asset Emerging Markets Income finds support from accumulated volume at $9.17 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0700 between high and low, or 0.740%. For the last week the stock has had daily average volatility of 0.636%.

The Western Asset Emerging Markets Income stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $9.22 (-3.26%) (This stock has low daily movements and this gives low risk. The RSI14 is 87 and this increases the risk substantially. There is a buy signal from a pivot bottom found 45 days ago.)

Trading Expectations (EMD) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Western Asset Emerging Markets Income Fund Inc to open at $9.51, and during the day (based on 14 day Average True Range), to move between $9.45 and $9.61, which gives a possible trading interval of +/-$0.0821 (+/-0.86%) up or down from last closing price. If Western Asset Emerging Markets Income Fund Inc takes out the full calculated possible swing range there will be an estimated 1.72% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $9.17, some $0.360 (3.78%) from the current price of $9.53, our system finds the risk reward attractive.

Is Western Asset Emerging Markets Income Fund Inc stock 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 Western Asset Emerging Markets Income stock to perform well in the short-term.

Current score: 4.172 Buy Candidate Unchanged

Predicted Opening Price for Western Asset Emerging Markets Income Fund Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$9.51 ( 0.245%) $9.53

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

Trading levels for EMD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 9.58 0.490 %
R2 9.55 0.209 %
R1 9.53 0.0357 %
Current price: 9.53
Support S1 9.48 -0.525 %
S2 9.46 -0.699 %
S3 9.44 -0.98 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 9.53
Support S1 9.17 -3.78%
S2 9.04 -5.14%
S3 8.99 -5.67%

EMD Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 22, 2024 May 22, 2024 Jun 03, 2024 $0.0845 0.89%
2 Feb 20, 2024 Apr 22, 2024 May 01, 2024 $0.0845 0.89%
3 Feb 20, 2024 Mar 20, 2024 Apr 01, 2024 $0.0845 0.89%
4 Nov 16, 2023 Feb 21, 2024 Mar 01, 2024 $0.0845 0.92%
5 Nov 14, 2023 Jan 23, 2024 Feb 01, 2024 $0.0845 0.92%

FAQ

What is the symbol for Western Asset Emerging Markets Income Fund Inc Stock and on which exchange is it traded?
The symbol for Western Asset Emerging Markets Income Fund Inc is EMD and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Western Asset Emerging Markets Income Fund Inc Stock?
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 Western Asset Emerging Markets Income stock to perform well in the short-term.

How to buy Western Asset Emerging Markets Income Fund Inc Stock?
Western Asset Emerging Markets Income Fund Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Western Asset Emerging Markets Income Fund Inc Stock.

What's the current price of Western Asset Emerging Markets Income Fund Inc Stock?
As of the end of day on the 2024-03-27, the price of an Western Asset Emerging Markets Income Fund Inc (EMD) share was $9.53.

What is the 52-week high and low for Western Asset Emerging Markets Income Fund Inc Stock?
The 52-week high for Western Asset Emerging Markets Income Fund Inc Stock is $9.55 and the 52-week low is $7.85.

What is the market capitalization of Western Asset Emerging Markets Income Fund Inc Stock?
As of the 2024-03-27, the market capitalization of Western Asset Emerging Markets Income Fund Inc is 566.012M.
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About Western Asset Emerging Markets Income Fund Inc

Western Asset Emerging Markets Debt Fund Inc. is an open ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd. The fund invests in fixed income markets of emerging market countries across the globe. It seeks to invest in fixed income securities issued by governments, ... EMD Profile

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