(36BB) iShares MSCI World Consumer - Ratings and Ratios

The iShares MSCI World Consumer Discretionary Sector UCITS ETF USD Inc (XETRA:36BB) is an exchange-traded fund that tracks a composite index comprising 50% MSCI World Consumer Discretionary NR and 50% MSCI World Consumer Staples NR, providing diversified exposure to the global consumer goods and services sector.

This ETF is listed on the XETRA exchange and originates from Germany, categorizing it under Sector Equity Consumer Goods & Services. Its investment objective is to reflect the performance of the underlying index, which includes companies from developed markets worldwide that operate in the consumer discretionary and staples sectors.

Analyzing the ETFs recent performance, it is evident that it has been trending upwards, with its last price of $7.34 exceeding both its 20-day and 50-day simple moving averages (SMA) of $7.16 and $7.02, respectively. However, it remains below its 200-day SMA of $7.49, indicating a potential resistance level. The Average True Range (ATR) of 0.16, equivalent to 2.14%, suggests moderate volatility.

Considering the ETFs assets under management (AUM) stand at €11.63M, it indicates a relatively small but still viable fund. To forecast future performance, we can integrate both technical and fundamental data. Given the current SMA trends and the ATR, a potential short-term target could be a move towards the 52-week high of $8.61, provided the overall market conditions and the consumer discretionary sectors fundamentals remain favorable.

A forecast based on the available data suggests that if the ETF continues to trend upwards and breaks through the $7.49 resistance level, it could potentially aim for the 52-week high. Conversely, failure to break through this level might result in a consolidation or a pullback towards the $7.02 support level. The growth of the consumer discretionary sector, driven by global consumer spending, will be a key factor influencing the ETFs performance.

To make an informed investment decision, its crucial to monitor the ETFs price action relative to its SMAs and adjust expectations accordingly. Additionally, keeping an eye on the overall market sentiment, economic indicators, and sector-specific news will be vital in assessing the ETFs potential for growth or decline.