(SMH) VanEck Semiconductor - Ratings and Ratios

The VanEck Semiconductor ETF (NASDAQ: SMH) is designed to track the performance of the semiconductor industry by investing at least 80% of its total assets in securities from its benchmark index, the MVIS US Listed Semiconductor 25 Index. This index includes common stocks and depositary receipts of U.S. exchange-listed companies in the semiconductor sector, with a focus on firms involved in the production of semiconductors, related materials, and equipment. The fund may include exposure to medium-capitalization companies and foreign entities listed on U.S. exchanges. As a non-diversified fund, it may concentrate its investments in a smaller number of securities, which can lead to higher volatility compared to diversified funds. For more information, visit http://www.vaneck.com.

The funds technical profile indicates a current price of 187.83, with a 20-day moving average of 203.95, reflecting a recent downtrend. The 50-day moving average is 222.73, and the 200-day moving average is 239.61, further confirming the downward momentum. Average trading volume over the past 20 days is approximately 9.5 million shares, with an Average True Range (ATR) of 10.21, signaling moderate volatility. The funds assets under management (AUM) stand at $19.16 billion, highlighting its popularity among investors seeking exposure to the semiconductor sector.

3-Month Forecast (Based on Technical and Fundamental Data): - Month 1: The ETF is expected to test resistance levels at 203.95 (SMA 20) and 222.73 (SMA 50). A breach above these levels could signal a reversal, while failure may lead to further consolidation. - Month 2: If the price breaks above the SMA 50, the next resistance level at 239.61 (SMA 200) will be a critical test. A breakout here could indicate a longer-term recovery. Conversely, a pullback could see support near 187.83 (current price). - Month 3: The ETF may retest higher resistance levels at 248.6 or 258.0 if the uptrend gains momentum. However, if the broader market or sector faces headwinds, the ETF may consolidate between its current price and the SMA 200. This forecast is based on the intersection of technical indicators and the fundamental strength of the semiconductor sector, which is currently influenced by global demand for chips, supply chain dynamics, and geopolitical factors.