(FLAX) Franklin FTSE Asia ex Japan - Ratings and Ratios

The Franklin FTSE Asia ex Japan ETF (FLAX) is an exchange-traded fund that focuses on investing in large- and mid-capitalization stocks from developed and emerging Asian countries, excluding Japan. Under normal market conditions, the fund allocates at least 80% of its assets to the component securities of the FTSE Asia ex Japan Capped Index and depositary receipts representing such securities, providing a diversified portfolio that captures the growth potential of the Asian region.

By tracking the FTSE Asia ex Japan Capped Index, FLAX offers exposure to a broad range of Asian markets, including China, South Korea, Taiwan, and India, among others. This index is designed to measure the performance of the regions large- and mid-cap stocks, making FLAX a suitable investment for those seeking to tap into the growth opportunities in Asia.

Analyzing the technical data, we observe that FLAX is currently trading at $24.76, above its 20-day SMA of $24.03 and 50-day SMA of $23.47, indicating a short-term bullish trend. The 200-day SMA stands at $23.26, further supporting the bullish outlook. The Average True Range (ATR) is 0.35, representing a 1.41% daily volatility, which is relatively moderate. Considering the 52-week high and low of $25.52 and $20.60, respectively, FLAX is currently trading near the upper end of its recent range.

Given the current technical and fundamental data, a forecast for FLAX can be made. With the funds AUM standing at $29.91M USD, it has a relatively stable asset base. If the Asian markets continue to grow, driven by economic expansion and increasing investor appetite, FLAX is likely to benefit from this trend. Based on the technical indicators, a potential target price for FLAX could be $26.50, representing a 7% upside from the current price. However, a decline below the 20-day SMA could signal a reversal, with support likely to be found around the 50-day SMA.