(MRIC) Market Access Rogers - Ratings and Ratios

The Market Access Rogers International Commodity Index UCITS ETF USD (SW:MRIC) is a Swiss-domiciled exchange-traded fund designed to track the performance of the Rogers International Commodity Index (RICI). The ETF provides exposure to a diversified basket of commodities, including energy, agriculture, metals, and other natural resources. By replicating the RICI, the fund offers a broad-based commodity investment strategy that aims to capitalize on global commodity market trends. The ETF is structured as a UCITS-compliant vehicle, ensuring regulatory compliance and accessibility for European investors.

From a technical perspective, MRIC is currently trading at 30.97, slightly below its 20-day SMA of 31.84 and 50-day SMA of 31.44, while remaining above its 200-day SMA of 30.54. This indicates a neutral to slightly bearish short-term trend but a bullish long-term outlook. The Average True Range (ATR) of 0.18 reflects relatively low volatility, suggesting stable price movements. The average 20-day trading volume of 1,896 shares highlights moderate liquidity, which is typical for a niche commodity ETF.

Fundamentally, the ETF manages an asset base of $59.28 million, which is modest compared to larger commodity ETFs but sufficient to maintain operational efficiency. The funds structure allows it to hold a diversified portfolio of commodity futures contracts, providing exposure to key global commodity markets. The underlying RICI index is designed to reflect the price movement of a broad range of commodities, making it a suitable choice for investors seeking diversified commodity exposure.

3-Month Forecast: Based on , MRIC is expected to trade within a narrow range of 30.50 to 32.50, supported by its 200-day SMA. The relatively low ATR of 0.18 suggests that price fluctuations will remain subdued. From a perspective, the outlook for commodities will depend on macroeconomic factors such as inflation, geopolitical tensions, and global demand trends. If commodity prices stabilize or rise, MRIC could see modest gains, while a downturn in commodity markets could lead to a slight decline.