RNEM First Trust Emerging Markets Eq Sel ETF Forecast, Technical & Fundamental Analysis
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Nasdaq Riskalyze Emerging Markets TM Index... Show more
RNEM's RSI Oscillator peaks and leaves overbought zone
The 10-day RSI Indicator for RNEM moved out of overbought territory on January 29, 2026. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 40 instances where the indicator moved out of the overbought zone. In of the 40 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 63 cases where RNEM's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RNEM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
RNEM broke above its upper Bollinger Band on January 26, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for RNEM just turned positive on January 22, 2026. Looking at past instances where RNEM's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RNEM advanced for three days, in of 247 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 220 cases where RNEM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Advertisement
General Information
Category DiversifiedEmergingMkts
RNEM and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, RNEM has been closely correlated with EEMV. These tickers have moved in lockstep 80% of the time. This A.I.-generated data suggests there is a high statistical probability that if RNEM jumps, then EEMV could also see price increases.
| Ticker / NAME | Correlation To RNEM | 1D Price Change % | ||
|---|---|---|---|---|
| RNEM | 100% | +0.11% | ||
| EEMV - RNEM | 80% Closely correlated | +0.19% | ||
| EMXC - RNEM | 80% Closely correlated | +1.11% | ||
| SCHE - RNEM | 78% Closely correlated | +0.06% | ||
| NUEM - RNEM | 70% Closely correlated | +0.40% | ||
| EEM - RNEM | -1% Poorly correlated | +0.54% | ||
More | ||||