(FXC) iShares China Large Cap - Ratings and Ratios

The iShares China Large Cap UCITS ETF, ticker symbol FXC, is an investment fund that tracks the Morningstar China TME NR USD Index, providing exposure to large-cap Chinese equities. As a UCITS-compliant ETF, it is designed to be a diversified and regulated investment product, suitable for a broad range of investors.

From a technical analysis perspective, the current price of FXC is 88.47, indicating a potential short-term correction given that it is below its 20-day Simple Moving Average (SMA) of 89.71. However, it is above its 50-day SMA of 87.70, suggesting a longer-term uptrend. The 200-day SMA at 85.43 further supports this bullish outlook. The Average True Range (ATR) of 1.37, or 1.55%, indicates moderate volatility, and the 52-week high and low of 100.01 and 63.05, respectively, highlight the ETFs price range over the past year.

Fundamentally, the ETF has Assets Under Management (AUM) of approximately 970.61 million EUR, indicating a significant investor base and liquidity. As an ETF focused on Chinese large-cap equities, its performance is closely tied to the overall Chinese economy and market sentiment. Given the current economic landscape and the growth prospects of the Chinese market, this ETF is positioned to benefit from any positive developments.

Forecasting the future performance of FXC involves integrating both technical and fundamental analyses. Technically, a breakout above the 20-day SMA and subsequent resistance levels could signal further upside potential, targeting the 52-week high of 100.01. Fundamentally, if the Chinese economy continues to grow and investor sentiment improves, the AUM of the ETF could increase, potentially driving the price higher due to increased demand. Conversely, failure to break through resistance or a downturn in the Chinese economy could lead to a decline. Based on these considerations, a potential short-term target for FXC could be around 92-93, assuming it can break through its current resistance levels, while a longer-term target could be in the range of 100-105, contingent on sustained economic growth and positive market sentiment.