(MGNR) American Beacon Select - Ratings and Ratios

The American Beacon Select Funds, traded as MGNR on NYSE ARCA, is an ETF that focuses on equity securities of companies involved in natural resources and related businesses, allocating at least 80% of its net assets towards this sector under normal market conditions.

As a Natural Resources ETF, MGNR offers investors exposure to a broad range of industries, including but not limited to energy, mining, and forestry. This diversification can be beneficial for investors seeking to tap into the natural resources sector, which can be volatile but also potentially lucrative, especially during periods of high commodity prices or increased demand for raw materials.

Analyzing the technical data, MGNR is currently priced at $31.01, indicating a bullish trend as it is above both its 20-day and 50-day Simple Moving Averages (SMA) of $29.76 and $29.46, respectively. The ETFs price is also slightly above its 200-day SMA of $30.05, suggesting a potential long-term uptrend. The Average True Range (ATR) of 0.93, or 2.99%, signifies moderate volatility, which is expected in the natural resources sector due to commodity price fluctuations.

With an Assets Under Management (AUM) of $147.50M USD, MGNR has a reasonable size that can provide liquidity to investors without being too small to be considered a niche or overly risky investment. The funds size also indicates a level of investor confidence and interest in the natural resources sector.

Forecasting MGNRs performance based on the available technical and fundamental data, we can infer that if the ETF continues to be above its SMAs and maintains its current volatility level, it may be poised for further growth, potentially testing its 52-week high of $32.60. However, a decline below its SMA50 could signal a bearish trend, potentially targeting the 52-week low of $25.41. Given the current price and technical indicators, a cautious bullish outlook is warranted, but investors should be prepared for potential volatility.