(TUR) iShares MSCI Turkey - Ratings and Ratios

The iShares MSCI Turkey ETF (NASDAQ:TUR) is designed to track the performance of the MSCI Turkey IMI 25/50 Index, which captures the large-, mid-, and small-capitalization segments of the Turkish equity market. The fund invests at least 80% of its assets in securities from the underlying index or in investments with similar economic characteristics. As a non-diversified fund, it may concentrate its holdings in a smaller number of securities, which can lead to higher volatility compared to diversified funds.

TUR provides exposure to Turkeys equity market, which is heavily influenced by the countrys economic conditions, geopolitical developments, and monetary policy. The funds portfolio includes companies across various sectors, with a significant weighting in financials, industrials, and technology. The ETF is listed on the NASDAQ exchange and is managed by BlackRock, with an AUM of $178.32 million as of the latest data.

From a technical perspective, TUR has shown a bearish trend in recent months, with its price hovering below the 20-day, 50-day, and 200-day moving averages. The 20-day SMA of 34.82 and 50-day SMA of 35.68 suggest downward momentum, while the 200-day SMA of 37.49 indicates a longer-term decline. The Average True Range (ATR) of 0.50 reflects moderate volatility in the short term.

Based on the current technical and fundamental data, the 3-month forecast for TUR suggests continued weakness. The funds price is expected to remain below the 50-day and 200-day SMAs, with potential resistance around the 35.68 level. Support levels may emerge near the recent lows, but the overall trend is likely to remain bearish. The AUM of $178.32 million indicates a smaller fund size, which could lead to higher sensitivity to market movements. Investors should monitor Turkeys economic indicators and geopolitical risks, as these factors will likely drive the funds performance in the coming months.