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
Aroon Indicator for RNEM shows an upward move is likely
RNEM's Aroon Indicator triggered a bullish signal on June 16, 2025. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 223 similar instances where the Aroon Indicator showed a similar pattern. In of the 223 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 24, 2025. You may want to consider a long position or call options on RNEM as a result. In of 75 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for RNEM just turned positive on June 27, 2025. Looking at past instances where RNEM's MACD turned positive, the stock continued to rise in of 47 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 252 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
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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 VWO. These tickers have moved in lockstep 82% of the time. This A.I.-generated data suggests there is a high statistical probability that if RNEM jumps, then VWO could also see price increases.
| Ticker / NAME | Correlation To RNEM | 1D Price Change % | ||
|---|---|---|---|---|
| RNEM | 100% | N/A | ||
| VWO - RNEM | 82% Closely correlated | -0.10% | ||
| EMXC - RNEM | 82% Closely correlated | -0.16% | ||
| IEMG - RNEM | 81% Closely correlated | -0.35% | ||
| EEM - RNEM | 80% Closely correlated | -0.39% | ||
| SPEM - RNEM | 79% Closely correlated | -0.05% | ||
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