(JKI) iShares Morningstar Mid-Cap - Ratings and Ratios

The iShares Morningstar Mid-Cap Value ETF (NASDAQ:JKI) is an exchange-traded fund designed to mirror the performance of the Morningstar US Mid Cap Broad Value Index, which comprises mid-cap US stocks exhibiting value characteristics. By investing at least 90% of its assets in the underlying indexs securities and depositary receipts, the fund provides investors with exposure to a diversified portfolio of mid-cap value stocks.

The underlying index, constructed using Morningstars proprietary methodology, identifies mid-cap companies with value traits. This involves a nuanced assessment of various factors to determine a companys value profile. As a result, the fund offers a targeted investment approach, focusing on mid-cap stocks that are deemed undervalued relative to their financial health, profitability, and other fundamental metrics.

Analyzing the funds technical data, we observe that the last price is $71.99, indicating a current market valuation. The short-term (SMA20) and medium-term (SMA50) moving averages are $70.06 and $72.19, respectively, suggesting a recent price correction. The long-term trend (SMA200) stands at $74.97, indicating a potential resistance level. The Average True Range (ATR) of 1.80, equivalent to 2.50%, signifies moderate volatility. Considering the 52-week high and low of $81.02 and $65.10, respectively, the funds price is currently near the middle of its recent range.

With Assets Under Management (AUM) totaling $656.85 million, the fund maintains a respectable size, ensuring sufficient liquidity for investors. By combining technical and fundamental insights, we can forecast the funds potential trajectory. Given its current price relative to its moving averages and the overall trend in the mid-cap value segment, its plausible that JKI may experience a rebound towards its SMA200, potentially testing the $74.97 level. However, a sustained break above this resistance will depend on broader market conditions and the performance of the underlying index constituents.

Based on the available data, a likely forecast is that JKI will continue to consolidate within its current range, potentially oscillating between its SMA20 and SMA50. A breakout above $74.97 could signal a stronger uptrend, while a decline below $65.10 might indicate a more significant correction. Investors should closely monitor the funds price action relative to these key levels and adjust their strategies accordingly.