First Trust Emerging Markets Equity Select ETF (NASDAQ:RNEM) Dropped -0.2% – Here’s Why

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After completing its last trading session, First Trust Emerging Markets Equity Select ETF (NASDAQ:RNEM) dropped by -0.2% – here is what that looked like (as of 2019-12-26):

What’s the reason for these moves? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. The most important ones are as follows:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.0, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.305, an Accumulation/Distribution Index (ADI) of 0.305, an On-Balance Volume (OBV) of 164.851, and a Chaiikin Money Flow (CMF) of -52.52. 1.0

So what do these technical indicators mean? Let’s see. Consulting Trading View, we can conclude the following:

So when putting all the technical indicators together, this is what you get. Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.