(XIC) iShares Core S&P/TSX Capped - Ratings and Ratios

The iShares Core S&P/TSX Capped Composite ETF (TO:XIC) is a Canadian equity exchange-traded fund that tracks the Morningstar Canada GR CAD index, providing broad diversification across the Canadian market. As a flagship product from BlackRock, a leading global asset manager, XIC offers investors a reliable means of accessing the Canadian equity market.

With a substantial asset base, XIC has accumulated over CAD 15.15 billion in assets under management (AUM), underscoring its popularity among investors seeking Canadian equity exposure. The funds structure as an ETF allows for the flexibility of trading on an exchange, with the ability to buy and sell throughout the trading day.

Analyzing the technical data, XICs recent price action indicates a bullish trend, with the last price of CAD 42.15 exceeding both the 20-day (CAD 41.54) and 50-day (CAD 39.96) simple moving averages (SMA). The 200-day SMA at CAD 39.21 further supports the uptrend, suggesting a strong foundation for continued growth. The average true range (ATR) of CAD 0.33, or 0.78%, indicates moderate volatility, which is expected in the Canadian equity market.

Combining technical and fundamental insights, a forecast for XIC appears positive. Given the current uptrend and the funds substantial AUM, it is likely that XIC will continue to attract investors. The proximity of the current price (CAD 42.15) to the 52-week high (CAD 42.30) suggests that the fund is near its recent peak, potentially indicating a period of consolidation or a slight pullback before further growth. However, the overall trend and the funds underlying strength, as indicated by its AUM and the broad diversification it offers, support a continued upward trajectory in the long term.

Forecasting the next movement based on the available data, it is plausible that XIC could test new highs in the near term, potentially surpassing its current 52-week high of CAD 42.30, driven by the ongoing bullish trend and investor appetite for Canadian equities. Conversely, a pullback could occur, potentially finding support around the SMA20 at CAD 41.54, before resuming its upward path.