(IJR) iShares Core S&P Small-Cap - Ratings and Ratios

The iShares Core S&P Small-Cap ETF (IJR) is designed to track the performance of the small-capitalization segment of the US equity market, as defined by S&P Dow Jones Indices (SPDJI). By investing at least 80% of its assets in the constituent securities of its underlying index, IJR provides broad exposure to the small-cap universe, while the remaining 20% can be allocated to derivatives such as futures, options, and swap contracts, as well as cash and cash equivalents, allowing for flexibility in managing the fund.

IJRs underlying index is a widely followed benchmark for small-cap stocks in the US, and the ETFs investment strategy is geared towards replicating the indexs performance. With a large asset base of over $76 billion, IJR is one of the largest and most liquid small-cap ETFs available, making it an attractive option for investors seeking to gain exposure to this segment of the market.

Analyzing the technical data, we observe that IJRs price is currently hovering around its 20-day simple moving average (SMA20) of $105.32, indicating a potential balance between bullish and bearish forces. The 50-day SMA ($102.13) is trending upwards, suggesting a longer-term uptrend, while the 200-day SMA ($111.96) is above the current price, indicating a potential resistance level. The Average True Range (ATR) of 1.99 (1.89%) suggests moderate volatility. Given these technical indicators, we can anticipate a potential breakout or consolidation in the near term.

Combining technical and fundamental analysis, our forecast suggests that IJR may experience a moderate rebound in the short term, driven by the overall trend in the small-cap market. With a strong asset base and a well-established underlying index, IJR is well-positioned to benefit from any upswing in the small-cap segment. However, investors should be cautious of potential resistance around the 200-day SMA and monitor the ETFs price action closely for signs of a breakout or reversal.