(HMJP) HSBC MSCI JAPAN JPY - Ratings and Ratios

The HSBC MSCI JAPAN UCITS ETF JPY, ticker symbol HMJP, is a Japan Large-Cap Blend Equity ETF domiciled in Switzerland. It tracks the Morningstar Japan TME NR JPY index, providing investors with exposure to the Japanese equity market.

Analyzing the ETFs characteristics, its clear that it offers a diversified portfolio, likely comprising a broad spectrum of Japanese large-cap stocks. The funds Assets Under Management (AUM) stand at 157.54M JPY, indicating a relatively modest but still significant presence in the market.

From a technical analysis perspective, the ETFs price action is showing a positive trend. The last price is 6261.00 JPY, above both the 20-day Simple Moving Average (SMA20) of 5769.05 and the 50-day Simple Moving Average (SMA50) of 5951.00. This suggests a short-term uptrend. Furthermore, the ETFs price is significantly above its 200-day Simple Moving Average (SMA200) of 5326.34, reinforcing the notion of a longer-term bullish trend. The Average True Range (ATR) is 131.83, or 2.11% of the current price, indicating moderate volatility.

Given the current technical and fundamental data, a forecast for HMJP could be constructed. The ETF has demonstrated resilience and a capacity for growth, as evidenced by its 52-week high of 6661.75 and low of 3187.84. If the Japanese equity market continues to perform positively, driven by factors such as monetary policy, corporate earnings, and global economic trends, HMJP is likely to continue its upward trajectory. A potential target could be a new 52-week high, potentially exceeding 6800 JPY, based on the current trend and assuming no significant market downturns. However, its crucial to monitor the ATR and adjust expectations accordingly to manage risk.

Investors should closely watch the ETFs ability to sustain its current price levels and break through resistance levels. A sustained break above the 52-week high could signal further upside potential, while a failure to do so might indicate a consolidation phase or a reversal. As with any investment, a thorough risk assessment and consideration of overall market conditions are essential.