(MXI) iShares Global Materials - Ratings and Ratios

The iShares Global Materials ETF (MXI) is an exchange-traded fund that tracks the performance of companies in the materials sector, which are deemed significant to global markets by S&P Dow Jones Indices. The funds investment strategy is to allocate at least 80% of its assets to the constituent securities of its underlying index, as well as investments with similar economic characteristics. The remaining 20% can be invested in derivatives such as futures, options, and swap contracts, as well as cash and cash equivalents, allowing for flexibility in managing the portfolio.

The MXI ETF provides investors with exposure to the global materials sector, which includes companies involved in the production of raw materials, commodities, and other essential inputs for various industries. By investing in this ETF, investors can gain diversified access to this sector, which can be subject to fluctuations in global demand, supply chain disruptions, and commodity price movements.

Analyzing the available , we observe that the ETFs price is currently at $83.66, slightly above its 200-day Simple Moving Average (SMA) of $83.57, indicating a potential bullish trend. The 20-day and 50-day SMAs are at $81.53 and $81.49, respectively, suggesting a recent uptrend. The Average True Range (ATR) is 1.68, representing a 2.00% daily volatility. Considering the , the funds Assets Under Management (AUM) stand at $215.64M USD, indicating a moderate size.

Based on the available data, a forecast for MXI can be constructed. Given the current price is near the 200-day SMA and the recent uptrend indicated by the shorter-term SMAs, a potential target could be the 52-week high of $92.13. However, the ATR suggests moderate daily volatility, and the funds size, as indicated by AUM, may impact liquidity. Therefore, a prudent forecast would be a potential increase towards $85-$87 in the short term, contingent on the overall market conditions and the performance of the materials sector. A break above $85 could set the stage for further upside towards the 52-week high.