(IMTM) iShares MSCI Intl Momentum - Ratings and Ratios

The iShares MSCI Intl Momentum Factor ETF (IMTM) is designed to track the performance of international stocks with high momentum characteristics, as measured by the MSCI World ex USA Momentum Index. By investing at least 80% of its assets in the component securities of this index, the fund provides exposure to a diversified portfolio of non-US stocks that have demonstrated strong price momentum relative to their peers.

The underlying index is constructed by selecting stocks from the MSCI World ex USA Index that exhibit higher momentum characteristics, which is typically measured by factors such as price performance over a certain period. This approach allows the fund to capitalize on the potential for continued outperformance by these momentum-driven stocks. The MSCI World ex USA Index serves as the parent index, comprising a broad universe of developed market stocks outside the US.

From a technical analysis perspective, the current price of IMTM is $45.32, indicating a bullish trend as it is above its 20-day SMA of $44.64 and 50-day SMA of $42.36. The 200-day SMA of $39.87 further supports this trend, suggesting that the ETF has been in an uptrend. The Average True Range (ATR) of 0.43, or 0.95%, indicates moderate volatility. Given the proximity to its 52-week high of $45.40 and the upward trend, its likely that IMTM will continue to move higher, potentially testing new highs.

Fundamentally, the Assets Under Management (AUM) of $2975.00M USD signify a substantial investor base, which can contribute to liquidity and stability. The size of the fund also indicates a certain level of maturity and acceptance among investors. Combining this with the technical indicators, a forecast can be made that IMTM is likely to continue its upward trajectory, driven by its momentum factor strategy and supported by its technical trend. However, its crucial to monitor the ATR and overall market conditions to adjust expectations accordingly.

Looking ahead, if the momentum factor continues to drive performance and the overall international developed markets remain favorable, IMTM could potentially reach new highs. Investors should keep a close eye on the ETFs ability to sustain its momentum above key resistance levels and be prepared for potential pullbacks. A break below the 20-day SMA could signal a change in trend, while sustained trading above the 52-week high could lead to further upside.