(DMXF) iShares ESG Advanced MSCI - Ratings and Ratios

The iShares ESG Advanced MSCI EAFE Index ETF (DMXF) is designed to track the performance of large- and mid-cap companies in developed markets outside the US and Canada, with a focus on environmental, social, and governance (ESG) considerations. This ETF is part of the Foreign Large Blend category, providing investors with diversified exposure to international equities.

By investing at least 90% of its assets in the underlying indexs component securities, DMXF offers a transparent and efficient way to tap into the equity performance of companies that meet specific ESG criteria. The underlying index is weighted by free float-adjusted market capitalization, ensuring that the ETFs holdings are representative of the overall market.

From a technical analysis perspective, the current price of 71.69 is below the 20-day simple moving average (SMA) of 72.69, indicating a potential short-term bearish trend. However, the 50-day SMA of 70.16 and 200-day SMA of 67.50 suggest a longer-term bullish outlook. The average true range (ATR) of 0.84 represents a 1.18% daily price movement, indicating moderate volatility.

With an assets under management (AUM) of $793.39 million, DMXF has a sizable presence in the market, which can contribute to liquidity and stability. Considering the current technical and fundamental data, a potential forecast for DMXF is that it may continue to consolidate around the current price level, with a possible breakout above the 52-week high of 73.77 if the overall market sentiment remains positive. Conversely, a decline below the 52-week low of 59.06 could indicate a more significant downturn.

Based on the available data, a reasonable price target for DMXF in the next 6-12 months could be between 75-80, assuming a continued uptrend in the underlying index and stable ESG considerations. However, this forecast is contingent upon various market and economic factors, and actual performance may vary.