(LRNZ) Elevation Series Trust - Ratings and Ratios

The TrueShares Technology AI and Deep Learning ETF (LRNZ) is an actively managed exchange-traded fund that focuses on investing in the common stock of companies driving technological advancements in artificial intelligence and deep learning. The funds investment strategy involves allocating at least 80% of its net assets towards these companies, potentially leveraging borrowings to amplify investment exposure.

The Advisers investment approach is centered around the potential for above-average capital appreciation and dividend yield, particularly in smaller and medium-capitalized companies that are often at the forefront of innovation. By targeting these relatively smaller companies, the fund seeks to capitalize on their growth potential, despite the associated higher risks inherent in a non-diversified investment portfolio.

From a technical analysis perspective, LRNZ has demonstrated a bullish trend, with its current price of $39.91 exceeding both its 20-day Simple Moving Average (SMA) of $38.52 and its 200-day SMA of $38.70. The Average True Range (ATR) indicates a moderate level of volatility, with a recent ATR of 1.05 representing 2.62% of the current price. Given the 52-week high and low of $45.04 and $30.13, respectively, the fund has shown significant price movement, suggesting a potential for continued fluctuation.

Considering the funds Assets Under Management (AUM) of $29.51M USD, it is relatively small compared to larger ETFs, which may impact its liquidity and attractiveness to certain investors. However, its focused investment strategy could also be seen as a potential advantage, allowing for more targeted exposure to the technology, AI, and deep learning sectors.

Forecasting future performance based on available technical and fundamental data, a potential bullish scenario could unfold if LRNZ continues to trade above its SMAs, indicating sustained investor interest in the technology sector. Should the fund maintain its current momentum, potentially breaking through its 52-week high, it could signal further upside. Conversely, a decline below its SMA50 of $36.16 could indicate a reversal in trend, warranting a cautious approach. As such, investors should closely monitor the funds price movements and adjust their strategies accordingly.