(BKIE) BNY Mellon International - Ratings and Ratios

BNY Mellon International Equity ETF (BKIE) is an exchange-traded fund that tracks the Solactive GBS Developed Markets ex United States Large & Mid Cap USD Index NTR, providing investors with exposure to large- and mid-capitalization companies in developed markets outside the United States. The fund achieves this exposure through a combination of equity securities, depositary receipts, ETFs, and derivatives that replicate the indexs performance.

The underlying index is a market capitalization-weighted index, meaning that the largest companies in the index have a greater influence on its performance. This index is designed to capture the performance of established companies in developed markets, excluding the US. As a non-diversified fund, BKIEs portfolio is heavily reliant on the performance of its constituent securities, which may increase the risk associated with investing in this ETF.

From a technical analysis perspective, BKIEs price is currently above its 20-day, 50-day, and 200-day simple moving averages (SMA20, SMA50, and SMA200), indicating a bullish trend. The Average True Range (ATR) is 1.67, representing 2.07% of the current price, suggesting moderate volatility. Given the current price of 80.97 and the 52-week high and low of 81.50 and 69.01, respectively, the ETF appears to be near its 52-week high, potentially indicating a strong uptrend.

Considering the funds Assets Under Management (AUM) of $607.16 million, BKIE has a reasonable size, which can contribute to liquidity. By analyzing the technical and fundamental data, a forecast for BKIE could be made. If the current uptrend continues, and the SMA20 and SMA50 remain supportive, the ETF may test its 52-week high at 81.50. A break above this level could lead to further gains, potentially targeting the next resistance level around 85.00. However, a decline below the SMA50 at 77.51 could signal a reversal, potentially leading to a retest of the SMA200 at 75.40.