(SMIZ) Zacks Trust - Ratings and Ratios

The Zacks Trust, traded as SMIZ on the NYSE ARCA, is an exchange-traded fund (ETF) that focuses on achieving positive risk-adjusted returns. It does so by predominantly investing in equity securities of small and midsize companies that are listed on U.S. stock exchanges, as well as derivatives linked to these securities, allocating at least 80% of its net assets towards this strategy.

As a Small Blend ETF originating from the USA, SMIZ is designed for investors seeking exposure to smaller and mid-cap companies, potentially offering a balance between growth and value. The funds investment approach is centered on leveraging the Zacks proprietary ranking system, which is known for its quantitative models aimed at identifying stocks with potential for outperforming the market.

Analyzing the current market positioning, the funds last price is $33.13. With its 20-day Simple Moving Average (SMA) at $31.12 and 50-day SMA at $30.34, it indicates a recent upward trend. The 200-day SMA stands at $32.38, suggesting that the ETF has recently broken through a significant resistance level, potentially signaling a bullish trend. The Average True Range (ATR) of 0.78, or 2.36%, indicates the average volatility of the ETFs price movements over the last 14 days, suggesting moderate daily price swings.

Given the current technical indicators and the fundamental data that the fund has Assets Under Management (AUM) of $121.89M USD, a forecast can be constructed. The upward trend indicated by the SMA20 and SMA50 crossing above the SMA200, coupled with the ETF being near its 52-week high of $36.13, suggests potential for further growth. However, the proximity to the 52W high also indicates a potential resistance level that the ETF may face. If the ETF can break through this resistance, it may continue its upward trajectory. Conversely, a drop below the SMA50 could signal a reversal. Therefore, a prudent forecast would be to expect a continued upward trend, but with a watchful eye on the $36.13 resistance level and the overall market conditions affecting small and mid-cap stocks.

Investors should closely monitor the funds ability to maintain its current trend and break through the 52-week high. The moderate volatility, as indicated by the ATR, suggests that while there is potential for growth, there are also risks that need to be managed, potentially through stop-loss orders or position sizing strategies.