(EMKX) BNP Paribas Easy MSCI - Ratings and Ratios

BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF EUR Cap (XETRA: EMKX) is a Germany-domiciled ETF designed to track the performance of the Morningstar EM TME NR USD Index. This index focuses on emerging market equities with ESG considerations, aiming to minimize tracking error relative to the broader MSCI Emerging Markets Index while incorporating environmental, social, and governance criteria.

The ETF currently holds an AUM of 103.48M EUR, indicating moderate scale in the European ETF market. From a technical standpoint, EMKX is trading at 11.55 EUR, below its 20-day SMA of 11.98 and 50-day SMA of 11.75, but above its 200-day SMA of 11.34. This suggests short-term weakness relative to its recent averages but long-term support. The ATR of 0.13 reflects low volatility, with average daily volume of 11,688 shares over the past 20 days.

3-month forecast: Based on the current technical setup, EMKX is likely to remain range-bound between 11.20 and 12.00 EUR. The downward pressure from the 20-day and 50-day SMAs may persist, but the 200-day SMA could act as support. If global emerging market sentiment improves, the ETF could test resistance at 12.00. Conversely, if risk-off sentiment prevails, it may retest the 11.20 level. The low ATR suggests muted volatility, making significant breaks above or below the range less likely in the near term.