(IGE) iShares North American - Ratings and Ratios

The iShares North American Natural Resources ETF (BATS:IGE) is an exchange-traded fund that tracks the performance of natural resource-related companies in the U.S. and Canada, providing investors with exposure to a diversified portfolio of stocks in this sector.

By investing at least 80% of its assets in the component securities of its underlying index, IGE offers a relatively pure play on the natural resources sector, while the remaining 20% can be allocated to derivatives such as futures, options, and swap contracts, as well as cash and cash equivalents, allowing for some flexibility in managing the funds assets.

As an ETF focused on natural resources, IGE is likely to be influenced by factors such as commodity prices, energy demand, and global economic trends. The underlying index tracks U.S.-traded stocks of companies in this sector, which includes businesses involved in the extraction, production, and distribution of natural resources.

From a technical analysis perspective, the current price of 44.63 is above the 20-day simple moving average (SMA) of 44.05, indicating a short-term uptrend. The 50-day SMA of 42.91 and 200-day SMA of 43.67 also suggest a longer-term uptrend. The average true range (ATR) of 0.54 represents a 1.22% daily price range, indicating relatively moderate volatility.

Considering the assets under management (AUM) of 614.91M USD, IGE is a moderately sized ETF, which can provide a reasonable level of liquidity for investors. With a clear investment objective and a transparent underlying index, IGE can be a useful tool for investors seeking exposure to the natural resources sector.

Forecast: Based on the technical and fundamental data, IGE is likely to continue its short-term uptrend, potentially reaching the 52-week high of 47.18 in the near term. However, if the global economic trends and commodity prices experience a downturn, IGE may face a correction, potentially falling back to the 50-day SMA of 42.91. To mitigate potential risks, investors can consider monitoring the funds AUM, trading volume, and the overall market conditions. A potential trading strategy could involve buying IGE on dips to the 50-day SMA, with a stop-loss below the 200-day SMA, and selling on rallies towards the 52-week high.