(EWZS) iShares MSCI Brazil - Ratings and Ratios

The iShares MSCI Brazil Small-Cap ETF (NASDAQ:EWZS) is an exchange-traded fund that tracks the performance of small-cap Brazilian equities, providing investors with exposure to the countrys smaller publicly traded companies. By investing at least 80% of its assets in the underlying indexs component securities, the fund aims to replicate the performance of the MSCI Brazil Small Cap Index, a market capitalization-weighted index that captures the performance of small-cap stocks listed on Brazilian stock exchanges.

The underlying index is designed to measure the performance of equity securities of small capitalization companies in Brazil, which are typically characterized by higher growth potential and increased volatility compared to their larger counterparts. As a result, EWZS is likely to be more sensitive to changes in the Brazilian economy and market conditions. The funds focus on small-cap stocks also implies a higher risk profile compared to broader Brazilian equity ETFs.

Analyzing the available , we observe that EWZS has recently broken above its 20-day simple moving average (SMA20) of $11.79, indicating a potential bullish trend. The stocks relative strength index (not provided, but can be calculated) and the recent price action suggest a possible continuation of the uptrend. Considering the , the funds assets under management (AUM) stand at $132.58M USD, which is relatively modest. However, this does not necessarily imply a lack of liquidity, as the fund is listed on a major exchange.

Combining the insights from and , we can forecast that EWZS may continue to trend upwards in the short term, potentially targeting the 52-week high of $13.27. However, its crucial to monitor the funds price action and adjust the forecast accordingly. A break below the SMA50 at $11.12 could indicate a reversal in the trend, while a sustained move above the 52-week high could lead to further gains. Investors should closely watch the funds performance and adjust their strategies to align with their risk tolerance and investment objectives.