Amplify Emerging Markets FinTech ETF (EMFQ) Technical Analysis
NYSEARCA:EMFQ • US0321088702
Current stock price
EMFQ Technical Rating and Analysis
Overall EMFQ gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, EMFQ is a bad performer.
- 66% of all other stocks performed better in the past year than EMFQ.
- Warning: EMFQ has an average volume of 1438 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- EMFQ is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so EMFQ is performing more or less in line with the market.
- In the last month EMFQ has a been trading in the 20.45 - 21.89 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
EMFQ Weekly and Daily overview Charts
EMFQ Setup Rating and Analysis
Although the technical rating is only medium, EMFQ does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 21.37, a Stop Loss order could be placed below this zone.
More info and screens
EMFQ Support and Resistance Analysis
18.04
When analyzing the support we can see 4 important areas.
- A support zone ranging from 21.32 to 21.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.38 to 20.61. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @19.86 from a horizontal line in the daily time frame.
- A support zone ranging from 18.22 to 18.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 21.49 to 21.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 22.16 to 22.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
EMFQ Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for EMFQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EMFQ is up. |
| ChartMill Relative Strength | 34.67 | NEUTRAL | EMFQ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EMFQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EMFQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EMFQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.09 | NEUTRAL | The RSI value for EMFQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests EMFQ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.4 | NEUTRAL | The Stochastics value for EMFQ is a neutral value. |
| Average True Range in percent/ATR (20) | 0.97 | LOW VOLATILITY | The low ATR as a percentage value for EMFQ suggests low volalility. |
| Average Directional Index/ADX (14) | 9.41 | NEGATIVE | The low ADX value for EMFQ suggests a weak or negative trend. |
EMFQ Chart- and CandleStick Pattern Analysis
EMFQ Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 21.66 | 21.31 | 0.35 (1.62%) | 25.00% |
| An entry @21.66. This is a Buy Stop order right above the resistance zone. | An exit @21.31. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.35 points, which is 1.62%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.40%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
EMFQ Technicals: Chart, Performance Metrics, Trend & Indicators
Amplify Emerging Markets FinTech ETF
NYSEARCA:EMFQ (9/5/2024, 8:20:32 PM)
21.485
+0.01 (+0.05%)
Amplify Emerging Markets FinTech ETF / EMFQ TA FAQ
What is the ChartMill technical rating of Amplify Emerging Markets FinTech ETF (EMFQ) stock?
ChartMill assigns a technical rating of 6 / 10 to EMFQ.
What is the trend direction for EMFQ stock?
The current trend direction for Amplify Emerging Markets FinTech ETF (EMFQ) is Bullish.
Can you provide the RSI signal for Amplify Emerging Markets FinTech ETF?
Amplify Emerging Markets FinTech ETF (EMFQ) has an RSI value of 52.0885. This indicates that the stock is currently neutral.
What is the MACD signal for EMFQ stock?
The MACD indicator for Amplify Emerging Markets FinTech ETF (EMFQ) has a value of 0.0113744, indicating a bearish trend.
Can you provide the buy/sell signal for Amplify Emerging Markets FinTech ETF?
The buy/sell signal for Amplify Emerging Markets FinTech ETF (EMFQ) is buy as both the short term and long term trends are positive.