(AIRR) First Trust RBA American - Ratings and Ratios

The First Trust RBA American Industrial RenaissanceTM ETF (NASDAQ:AIRR) is an actively managed exchange-traded fund that focuses on investing in the equity securities of small and mid-cap U.S. companies, primarily in the industrial sector, with a specific emphasis on the community banking industry. By tracking a customized index, the fund aims to capture the growth potential of these companies.

With a strong presence in the industrials ETF category, AIRR provides investors with a unique opportunity to tap into the U.S. industrial sectors growth, driven by companies that are likely to benefit from the ongoing industrial renaissance. The funds investment strategy is centered around identifying companies with strong growth prospects, which are typically characterized by their innovative business models, competitive advantages, and robust financials.

Analyzing the funds recent performance, we observe that it has demonstrated a positive trend, with its last price standing at $78.60. The short-term and long-term moving averages (SMA20: $77.37, SMA50: $72.23, SMA200: $75.41) indicate a potential bullish signal, as the short-term average is above the long-term averages, suggesting a possible upward momentum. Furthermore, the Average True Range (ATR) of 1.47, equivalent to 1.87%, indicates moderate volatility, which may present trading opportunities.

Considering the funds Assets Under Management (AUM) of $3684.87M USD, we can infer that AIRR has a significant presence in the market, which can contribute to its liquidity and stability. By combining the technical and fundamental data, we can forecast that AIRR may continue its upward trend, potentially reaching $85.00 in the near term, driven by the growth of the underlying industrial companies and the overall market conditions. However, it is essential to monitor the funds performance and adjust the forecast accordingly, as the industrial sector is subject to various market and economic factors.

Based on the analysis, a potential trading strategy could involve buying AIRR on dips, targeting the $85.00 level, while setting a stop-loss around $72.00 to mitigate potential losses. It is crucial to continuously monitor the funds performance and rebalance the portfolio as needed to ensure alignment with the overall investment objectives.