(SMMV) iShares MSCI USA Small-Cap - Ratings and Ratios

The iShares MSCI USA Small-Cap Min Vol Factor ETF (BATS:SMMV) is designed to track the performance of small-cap US equities with lower volatility characteristics. By investing at least 80% of its assets in the underlying indexs component securities or similar investments, the fund aims to provide a relatively stable exposure to the US small-cap market.

The underlying index, developed by MSCI Inc, focuses on small-cap US stocks with aggregate lower volatility profiles compared to the broader small-cap US equity market. This approach is likely to appeal to investors seeking to mitigate potential downsides while still participating in the US small-cap markets growth potential.

Analyzing the funds recent price action, we observe a steady uptrend, as indicated by its last price of $41.50, surpassing both its 20-day and 50-day simple moving averages (SMA20: $40.83, SMA50: $40.82). The 200-day simple moving average (SMA200: $40.91) also suggests a longer-term bullish trend. The Average True Range (ATR: 0.79) translates to a daily volatility of approximately 1.90%, which is relatively moderate.

Given the current technical setup and the funds underlying strategy, we can forecast a potential price target. If the uptrend continues, the next resistance level is likely to be around the 52-week high of $43.87. Conversely, a decline is likely to find support near the SMA200 or the lower end of its recent trading range. Fundamental data, such as the funds Assets Under Management (AUM: $300.05M USD), indicates a reasonable level of investor interest, which could contribute to liquidity and stability.

Combining technical and fundamental insights, a plausible forecast for SMMV is a continued gradual appreciation, potentially reaching or testing the 52-week high in the near term, assuming the overall market sentiment remains favorable and volatility remains relatively low. However, its crucial to monitor the funds tracking performance, changes in the underlying index, and broader market conditions to adjust this forecast accordingly.