Vaneck Emerging Markets Aggregate Bond ETF (EMAG) Stock Technical Analysis
USA - NYSEARCA:EMAG -
Overall EMAG gets a technical rating of 0 out of 10. EMAG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
EMAG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 20.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.28, a Stop Loss order could be placed below this zone.
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19.96
When analyzing the support we notice one important area.
- A support zone ranging from 20.16 to 20.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 20.45 to 21.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 21.72 to 21.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 22.11 to 22.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for EMAG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EMAG is down. |
| ChartMill Relative Strength | 19.79 | NEGATIVE | EMAG has a low relative strength, it was outperformed by 80.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EMAG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EMAG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EMAG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.27 | NEUTRAL | The RSI value for EMAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests EMAG has a positive trend. |
| Stochastics (14,3) | 54.85 | NEUTRAL | The Stochastics value for EMAG is a neutral value. |
| Average True Range in percent/ATR (20) | 0.95 | LOW VOLATILITY | The low ATR as a percentage value for EMAG suggests low volalility. |
Vaneck Emerging Markets Aggregate Bond ETF
NYSEARCA:EMAG (10/15/2021, 8:33:57 PM)
20.375
+0.09 (+0.42%)