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Market Vectors Emerging Markets Local Currency Bond ETF (EMLC) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Thu, 16 Nov 2017NoneHammerFri, 20 Oct 2017-2.32%
***Stock database and scans are updated around midnight (New York time) every trading day.
18.52 0.00 (0%) Nov 16 4:00pm EST
Open: 18.45 Range: 18.45 - 18.53 Vol: 1M Avg Vol: 1.7M
EPS: 0.00 P/E ratio: 0.00 EBITDA: N/A Mkt Cap: N/A
Analyze "EMLC" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 18.43
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 18.55
Last Trade is below the 50 day moving average at 18.96
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 18.79
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of EMLC

ETF Trend Analysis - Buy, Sell or Hold "Market Vectors Emerging Markets Local Currency Bond ETF" (EMLC)?

EMLC is trading below its 200 day moving average and objectively, many will consider the long term trend to be down. Care must however be taken with this view as in its last 52 week trading history, it is noted that EMLC has been range bound with a slight upward bias, having traded above the 200 SMA about 60% of the time. The 50 day moving average indicates a medium term trading range with a bullish upside inclination. The 20 day moving average is however displaying a very bearish bias. EMLC may be due for an oversold bounce, but objectively, as long as EMLC is trading below its 200 SMA, rallies will be sold into. Technically there are too many uncertainties to recommend a buy on this stock at this moment. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "EMLC".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 16 Nov 2017
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