(EWS) iShares MSCI Singapore - Ratings and Ratios

The iShares MSCI Singapore ETF (EWS) is an exchange-traded fund that tracks the performance of large- and mid-capitalization segments of the Singapore equity market. By investing at least 80% of its assets in the component securities of its underlying index, the fund provides investors with exposure to the Singapore market. The underlying index employs a capping methodology to limit the weight of any single group entity to a maximum of 25%, promoting a relatively balanced portfolio.

The funds non-diversified nature means it may be more susceptible to volatility, as its performance is closely tied to the underlying index. However, this also allows the fund to closely track the performance of the Singapore market. With an AUM of $639.58M, the fund has a substantial presence in the market, providing liquidity for investors.

Analyzing the technical data, the current price of $24.96 is above both the 20-day and 50-day simple moving averages (SMA20: $23.56, SMA50: $23.43), indicating a positive short-term trend. The 200-day simple moving average (SMA200: $21.87) is also below the current price, suggesting a longer-term uptrend. The average true range (ATR: 0.53) indicates a relatively moderate level of volatility, with a daily price movement of around 2.13%.

Combining technical and fundamental analysis, a forecast for EWS can be made. Given the current uptrend and the funds tracking of the Singapore equity market, a potential target price could be the 52-week high of $25.04. However, investors should be cautious of potential volatility, as indicated by the ATR. A break below the SMA50 could signal a reversal in the short-term trend, while a sustained move above $25.04 could lead to further gains. As such, a prudent investment strategy would be to monitor the funds price action and adjust accordingly.