(GREK) Global X MSCI Greece - Ratings and Ratios

The Global X MSCI Greece ETF (NYSE ARCA:GREK) is designed to provide exposure to the broad Greek equity market by tracking the performance of the MSCI Greece Investable Market Index. The fund invests at least 80% of its total assets in securities from the underlying index, including American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) linked to Greek equities. The underlying index is constructed to represent the performance of the Greek equity universe, covering a wide range of sectors including financials, energy, and industrials. The ETF is classified as non-diversified, meaning it can invest a significant portion of its assets in a limited number of securities.

From a technical perspective, the fund is currently trading above its 20-day and 50-day simple moving averages (SMA), with the SMA 20 at 42.23 and the SMA 50 at 40.90. The SMA 200 stands at 39.83, indicating a potential long-term uptrend. The Average True Range (ATR) of 0.58 reflects relatively low volatility. The funds average volume over the past 20 days is 26,923 shares, with a last price of 43.36. The assets under management (AUM) total $161.47 million, reflecting moderate investor interest in Greek equities.

3-Month Forecast: Based on the current technical and fundamental data, the ETF is expected to maintain its upward momentum in the short term, supported by the golden cross formation (SMA 50 crossing above SMA 200). Resistance levels are anticipated near 44-45, while support is likely to hold around 42-41. The low ATR suggests volatility will remain subdued, with potential sideways or slightly upward movement over the next three months.