Amplify Emerging Markets FinTech ETF (EMFQ) Stock Technical Analysis
USA - NYSEARCA:EMFQ - US0321088702 - ETF
21.485 USD
+0.01 (+0.05%)
Taking everything into account, EMFQ scores 6 out of 10 in our technical rating. 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 however is currently trading near a new high, so EMFQ is lagging the market slightly.
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.
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
18.04
22.75
We found 4 important support 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.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 worst case loss on the trade is limited to 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.
Amplify Emerging Markets FinTech ETF
NYSEARCA:EMFQ (9/5/2024, 8:20:32 PM)
21.485
+0.01 (+0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.05%
1 Week1.37%
2 Weeks-1.02%
1 Month7.83%
3 Month2.13%
6 Month-0.09%
12 Month1.53%
2 Year12.86%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%0.97%
ATR Inc-90.71%
Range Today0.02
ADR(20)0.04
ADR(20)%0.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.67
Mansfield-1.02
10 Day High21.76
10 Day Low21.19
20 Day High21.89
20 Day Low20.45
52 Week High22.51
52 Week Low18.43
CS1 End21.37
CR1 Start21.49
Volume & EV
DER(3)0%
DER(5)0%
Volume100
Volume Incr-84.62%
Vol(5)140
Vol(50)1.44K