Stronger Sell Today JEMI.L ranks #2990 as SELL CANDIDATE. Weaker Sell
Today JEMI.L ranks #2990 as SELL CANDIDATE.

JEMI.L stock JPMorgan Global Emerging Markets Income Trust Plc

JEMI.L stock
JPMorgan Global Emerging Markets Income Trust Plc

March 22, 2019
Change -1.93%
Chart period: 2018-12-24 - 2019-03-22
VOLUME
Buy
TREND
Hold

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

Will JEMI.L stock price go up or down on Tue, 26 Mar 2019?

JPMorgan Global Emerging Markets Income Trust Plc Forecast and Stock Analysis

Technical JEMI.L stock analysis for March 22, 2019.

Sell candidate since 2019-03-19 Loss -0.78%

JPMorgan Global Emerging Markets Income Trust Plc fell by -1.93% in the last day from £129.75 to £127.25 The price has fallen in 5 of the last 10 days and is down by -1.17% for this period. Volume has increased in the last day by 69 650 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 378 481 shares bought and sold for approximately £48.16 million.

Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the JEMI.L stock was £127.25. This is 1.93% less than the trading day before Thursday, 21st Mar 2019.

During day the stock fluctuated 3.54% from a day low at £127.00 to a day high of £131.50.

30 day high of the JEMI.L stock price was £133.50 and low was £127.00.
90 day high was £133.50 and low was £119.00.
52 week high for the JPMorgan Global Emerging Markets Income Trust Plc - £133.50 and low - £113.00.

Trend

JPMorgan Global Emerging Markets Income Trust Plc has broken the weak rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at £128.14. A reaction back to this level may hold a second chance to get out before further falls.

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Signals

There are few to none technical positive signals at the moment. JPMorgan Global Emerging Markets Income Trust Plc 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 £128.54 and £129.78. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday March 21, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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Relative Strength Index (RSI)

RSI14 is 39 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

JPMorgan Global Emerging Markets Income Trust Plc finds support from accumulated volume at £126.50.

Support: £126.50 Price: £127.25 Resistance: £129.00

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £4.50 (3.54%) between high and low. For the last week, the stock has had a daily average volatility of 1.41%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation: Sell Candidate

The JPMorgan Global Emerging Markets Income Trust Plc stock holds several negative signals and despite the positive trend we believe JPMorgan Global Emerging Markets Income Trust Plc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Stronger Sell Today JEMI.L ranks #2990 as SELL CANDIDATE. Weaker Sell
Today JEMI.L ranks #2990 as SELL CANDIDATE.