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G-X Nigeria Index ETF (NGE)

12.7   -0.03 (-0.24%) 10-15 09:30
Open: 12.7 Pre. Close: 12.73
High: 12.7 Low: 12.7
Volume: 364 Market Cap: 0M
The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Nigeria Select 25/50 Index. The fund will invest at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is designed to represent the performance of the broad Nigeria equity universe, while including a minimum number of constituents. The fund is non-diversified.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 12.929 - 12.994 12.994 - 13.048
Low: 12.539 - 12.608 12.608 - 12.665
Close: 12.629 - 12.737 12.737 - 12.826

Technical analysis

as of: 2019-10-14 4:48:00 PM
Overall:       
Stoxline posted a NEUTRAL today, downgraded from higher rating. Current trend continues, but could change at anytime. It is not a good time to buy or sell.
Target: Six months: 15.53     One year: 16.15
Support: Support1: 12.43    Support2: 10.34
Resistance: Resistance1: 13.30    Resistance2: 13.83
Pivot: 12.85
Moving Average: MA(5): 12.72     MA(20): 12.99
MA(100): 13.82     MA(250): 15.77
MACD: MACD(12,26): -0.11     Signal(9): -0.09
Stochastic oscillator: %K(14,3): 32.21     %D(3): 29.38
RSI: RSI(14): 42.90
52-week: High: 19.02  Low: 12.34  Change(%): -30.6
Average Vol(K): 3-Month: 1928  10-Days: 1286

Price, moving averages and Bollinger Bands

Price and moving averages has closed below its Short term moving average. Short term moving average is currently below mid-term; AND below long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BEARISH in short-term; and BEARISH in mid-long term.
NGE has closed above bottom band by 36.3%. Bollinger Bands are 15.4% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Headline News

2019-08-23
Competing Monetary Policy Goals Plague This Frontier ETF
For those not keeping track, Nigerian stocks are getting punished this year. The Global X MSCI Nigeria ETF (NYSE: NGE ), the lone exchange traded fund dedicated to stocks in Africa's second-largest economy, is lower by 20.46% year to date. By comparison, the MSCI Frontier Markets 100 Index, in which Nigeria is a major country weight, is higher by 10.67%. What Happened As is the case with so many markets, developed, emerging and frontier, Nigeria is home to a central bank that has been active. How effective that central bank has been is another matter. NGE and Nigerian stocks have been confounded this year by the The Central Bank of Nigeria's efforts to boost the local economy while keeping its currency afloat. “Attempts to reconcile competing goals through unconventional macroeconomic management and … Full story available on Benzinga.com

Financial Analysis

Growth NA
Growth measures the growth of both a company's revenue and net income. it tells investors how fast a company is growing.
Profitability NA
Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs.
Solvency NA
Solvency measures a company's ability to meet its long-term debts. Acceptable solvency ratios will vary from industry to industry.
Efficiency NA
Efficiency measures the strength of a company's return on invested capital. It can identify business that are better managed or not.
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Stock Basics & Statistics

Exchange:  NYSE Arca
Sector: 
Industry: 
Shares Out. (M) 3.11
Shares Float (M) 3.11
% Held by Insiders
% Held by Institutions
Shares Short (K)
Shares Short P. Month (K)

Stock Financials

EPS
Book Value (p.s.) 0.860
PEG Ratio
Profit Margin
Operating Margin
Return on Assets (ttm) 6.2
Return on Equity (ttm) 23.8
Qtrly Rev. Growth
Gross Profit (p.s.)
Sales Per Share
EBITDA (p.s.)
Qtrly Earnings Growth
Operating Cash Flow (M)
Levered Free Cash Flow (M)

Stock Valuations

P/E
P/E Growth Ratio
P/BV 14.80
P/S
P/CF

Dividends & Splits

Dividend 2.446
Dividend Yield 0.19
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.
Forward Dividend
Last Split Date
Last Split Ratio -1e+010
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