TEI Stock Summary and Trading Ideas (Templeton Emerging Markets Income | NYSE:TEI)

Templeton Emerging Markets Income Fund seeks high, current income, with a secondary goal of capital appreciation, by investing, under normal market conditions, at least 80% of its total net assets in income-producing securities of sovereign or sovereign-related entities and private sector companies in emerging market countries.

Templeton Emerging Markets Income trades on the NYSE stock market under the symbol TEI.

As of May 3, 2024, TEI stock price climbed to $5.38 with 125,635 million shares trading.

TEI has a beta of 0.84, meaning it tends to be less sensitive to market movements. TEI has a correlation of 0.38 to the broad based SPY ETF.

TEI has a market cap of $254.09 million. This is considered a Small Cap stock.

In the last 3 years, TEI stock traded as high as $8.23 and as low as $4.33.

TEI stock has underperformed the market in the last year with a return of +18.6%, while SPY returned +27.0%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in TEI shares. However, TEI has outperformed the market in the last 3 month and 2 week periods, returning +6.6% and +4.5%, while SPY returned +3.7% and +3.3%, respectively. This indicates TEI has been having a stronger performance recently.

TEI support price is $5.25 and resistance is $5.37 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TEI stock will trade within this expected range on the day.