(ISMD) Inspire Small/Mid Cap - Ratings and Ratios

The Inspire Small/Mid Cap Impact ETF (ISMD) is an exchange-traded fund that focuses on investing in small and mid-cap domestic equity securities with a positive Inspire Impact Score. The funds investment strategy is to track an index that comprises securities from a universe of publicly traded US companies with a market capitalization that falls within the small to mid-cap range.

The Inspire Impact Score is a proprietary metric that evaluates companies based on their impact on society and the environment. By selecting securities with a score of zero or higher, the fund is tilted towards companies that demonstrate a positive impact. This approach allows investors to align their investments with their values while potentially benefiting from the growth prospects of smaller-cap companies.

Analyzing the funds recent performance, we observe that it has shown a degree of volatility, as indicated by its Average True Range (ATR) of 0.96, which translates to a 2.73% daily price movement. The current price of $35.01 is above its 20-day Simple Moving Average (SMA) of $32.72 and 50-day SMA of $33.32, suggesting a short-term uptrend. However, it remains below its 200-day SMA of $36.51, indicating a longer-term downtrend.

Considering the technical and fundamental data, a forecast for ISMD can be constructed. Given the current price is near the lower end of its 52-week range ($29.72 - $40.51), and with the short-term SMAs indicating an uptrend, there is potential for the fund to move towards the middle of its 52-week range. However, the long-term downtrend, as indicated by the 200-day SMA, may exert downward pressure. With an Assets Under Management (AUM) of $167.96M, the fund has a relatively modest size, which could impact its liquidity and potentially its ability to attract larger investors.

Forecasting, if the fund continues its short-term uptrend and breaks through the 200-day SMA resistance at $36.51, it could potentially target the upper end of its 52-week range at $40.51. Conversely, failure to break through this resistance may lead to a retest of the lower end of its 52-week range. Investors should closely monitor the funds price action relative to its SMAs and the overall market conditions to make informed decisions.