(IDMO) Invesco S&P International - Ratings and Ratios

The Invesco S&P International Developed Momentum ETF (IDMO) is an exchange-traded fund that tracks a momentum-focused index comprising developed international markets, excluding the United States. By investing at least 90% of its assets in the underlying index, the fund aims to replicate the performance of its benchmark, which is compiled and maintained by the index provider according to predefined rules.

The underlying index is derived from the S&P World Ex-U.S. Index, selecting constituents based on their momentum characteristics. This approach allows the fund to capitalize on the growth potential of international developed markets, providing investors with a diversified portfolio that is tilted towards stocks exhibiting strong price momentum.

From a technical standpoint, IDMO has demonstrated a bullish trend, with its price recently surpassing key moving averages. The funds last price is $47.82, above its 20-day SMA of $45.55 and 50-day SMA of $44.60, indicating a positive short-term momentum. The 200-day SMA of $42.25 further supports the notion of a longer-term uptrend. Given the current ATR of 1.04, representing a 2.17% daily volatility, traders may need to be cautious of potential price swings.

Fundamentally, the fund has a respectable AUM of $730.29M USD, suggesting a reasonable level of investor interest and liquidity. As the fund is categorized under Foreign Large Blend, it is likely to provide broad exposure to large-cap international stocks, potentially reducing idiosyncratic risk.

Forecasting IDMOs future performance, we can expect the fund to continue its upward trajectory if the current momentum persists. With the 52-week high at $47.86 and the current price at $47.82, the fund is near its peak, suggesting a potential consolidation or slight pullback in the short term. However, if the underlying index continues to favor stocks with strong momentum, IDMO may be poised for further gains, potentially targeting new highs above $50 in the coming months, driven by the ongoing trend and supported by its technical indicators.