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Horizons Emerging Markets Equity Index ETF

Check the daily chart of Horizons Emerging Markets Equity Index ETF. The closing price of 2023-02-03 was CAD 32.76 per share.

Horizons Emerging Markets Equity Index ETF Daily Candlestick Chart

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Horizons Emerging Markets Equity Index ETF Daily Moving Averages ChartHorizons Emerging Markets Equity Index ETF Daily Moving Averages Chart
1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of Horizons Emerging Markets Equity Index ETF:

  • The Moving Average Convergence/Divergence (MACD) is 0.406. The Moving Average Convergence/Divergence (MACD) above zero is a bullish sign. +1
  • The MACD is lower than the signal line. This is a bearish indication. -1
Horizons Emerging Markets Equity Index ETF Daily Moving Average Convergence/Divergence (MACD) ChartHorizons Emerging Markets Equity Index ETF Daily Moving Average Convergence/Divergence (MACD) Chart
1.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

The ADX helps you determine the strength of a trend. Let's take a look of the ADX of Horizons Emerging Markets Equity Index ETF:

  • The ADX is 28.503. Strong Trend. +1
  • The ADX is declining, the current trend is weakening. -1
  • The +DI crossed the -DI to the downside. The trend is reversing to a down trend. -1
Horizons Emerging Markets Equity Index ETF Daily Directional Movement Index (DMI) ChartHorizons Emerging Markets Equity Index ETF Daily Directional Movement Index (DMI) Chart
1.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..
  • The Parabolic SAR is higher than the price. The current trend is down. -2
  • Horizons Emerging Markets Equity Index ETF Daily Parabolic SAR ChartHorizons Emerging Markets Equity Index ETF Daily Parabolic SAR Chart

    2. Momentum Indicators

    2.1 Relative Strength Index (RSI)

    Measures the speed and change of price movements.

    • Leading momentum indicator, meaning the signals are instant.
    • Ranges between 0 and 100.
    • Above 70 is considered overbought.
    • Below 30 is considered oversold.
    • Above or below 50 can also be used to determine price trend or support and resistance.
    • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
    • Can be used in many different ways
    • The RSI is above 50. +1
    Horizons Emerging Markets Equity Index ETF Daily Relative Strength Index (RSI) ChartHorizons Emerging Markets Equity Index ETF Daily Relative Strength Index (RSI) Chart
    2.2 Stochastic Oscillator

    Compares a certain price to multiple prices ranging over time.

    • Leading momentum indicator, meaning the signals are instant.
    • Used to determine overbought and oversold areas much like the RSI.
    • Ranges between 0 and 100.
    • Above 80 is considered overbought.
    • Below 20 is considered oversold.
    • Consists of two lines named K and D.
    • K compares the highest high and lowest low on the selected price range.
    • The D line is a moving average of the K line.
    • Can be used to spot divergences
    • The Stochastic is below 50. -1
    • The Stochastic is below 30 and oversold. +2
    Horizons Emerging Markets Equity Index ETF Daily Stochastic Oscillator ChartHorizons Emerging Markets Equity Index ETF Daily Stochastic Oscillator Chart
    2.3 Commodity Channel Index (CCI)
    Horizons Emerging Markets Equity Index ETF Daily Commodity Channel Index (CCI) ChartHorizons Emerging Markets Equity Index ETF Daily Commodity Channel Index (CCI) Chart
    2.4 Chande Momentum Oscillator (CMO)
    Horizons Emerging Markets Equity Index ETF Daily Chande Momentum Oscillator (CMO) ChartHorizons Emerging Markets Equity Index ETF Daily Chande Momentum Oscillator (CMO) Chart
    2.5 Williams %R
    Horizons Emerging Markets Equity Index ETF Daily Williams %R ChartHorizons Emerging Markets Equity Index ETF Daily Williams %R Chart

    3. Volatility Indicators

    3.1 Bollinger Bands
    Horizons Emerging Markets Equity Index ETF Daily Bollinger Bands ChartHorizons Emerging Markets Equity Index ETF Daily Bollinger Bands Chart
    3.2 Average True Range (ATR)
    Horizons Emerging Markets Equity Index ETF Daily Average True Range (ATR) ChartHorizons Emerging Markets Equity Index ETF Daily Average True Range (ATR) Chart

    4. Volume Indicators

    4.1 On-Balance Volume (OBV)
    Horizons Emerging Markets Equity Index ETF Daily On-Balance Volume (OBV) ChartHorizons Emerging Markets Equity Index ETF Daily On-Balance Volume (OBV) Chart
    4.2 Money Flow Index (MFI)
    Horizons Emerging Markets Equity Index ETF Daily Money Flow Index (MFI) ChartHorizons Emerging Markets Equity Index ETF Daily Money Flow Index (MFI) Chart

    5. Summary

    5.1. Notifications

    TypeNotificationDate
    PenkeCurrently no notifications for Horizons Emerging Markets Equity Index ETF.

    5.2. Trading Signals

    DateIndicatorEntry signalExit signal
    2023-01-23CMO LONG ENTRY SHORT CLOSE50 crossover to upside
    2023-01-24CCI LONG ENTRY SHORT CLOSE100 crossover to upside
    CMO LONG ENTRY SHORT CLOSE50 crossover to upside
    2023-01-25CMO LONG ENTRY SHORT CLOSE50 crossover to upside
    2023-01-26CCI LONG ENTRY SHORT CLOSE100 crossover to upside
    CMO LONG ENTRY SHORT CLOSE50 crossover to upside
    2023-01-27MACD SHORT ENTRY LONG CLOSE
    SAR LONG ENTRY SHORT CLOSEprice crossed sar to upside
    CMO LONG ENTRY SHORT CLOSE50 crossover to upside
    WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
    ATR LONG ENTRY SHORT CLOSE
    2023-01-30DMI LONG ENTRY SHORT CLOSE
    STOCH LONG ENTRY SHORT CLOSE20 crossover to upside
    ATR LONG ENTRY SHORT CLOSE
    2023-01-31DMI SHORT ENTRY LONG CLOSE
    WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
    ATR SHORT ENTRY LONG CLOSE
    2023-02-02DMI LONG ENTRY SHORT CLOSE
    STOCH LONG ENTRY SHORT CLOSE20 crossover to upside
    ATR LONG ENTRY SHORT CLOSE

    5.2. Technical Score

    Let's check the technical score of Horizons Emerging Markets Equity Index ETF based on Penke's default Symbol scanner.

    Penke's Symbol Scanner

      
      
    IndicatorConditionValue
    RsiGreater than5051.337
    Ma 20Greater thanMa 5033.120
    Ma 50Greater thanMa 10031.878
    Ma 100Greater thanMa 20030.355
    OpenGreater thanClose32.890
    Total4/5 (80.0%)

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