(3SUE) iShares MSCI World Consumer - Ratings and Ratios

The iShares MSCI World Consumer Staples Sector UCITS ETF USD (Dist) 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.

The funds underlying index is a blend of consumer discretionary and staples sectors, which typically includes companies that produce essential goods and services, such as food, beverages, and household items, as well as companies that provide discretionary goods and services, like automobiles, leisure activities, and hospitality. This blend can offer a relatively stable source of returns, as consumer staples tend to be less volatile during economic downturns, while consumer discretionary stocks can benefit from economic growth.

Analyzing the provided technical data, the ETFs price is currently at 5.40, with short-term moving averages (SMA20 and SMA50) indicating a slight bullish trend, as the price is above both the 5.33 and 5.34 levels. However, the long-term SMA200 at 5.43 suggests that the ETF is slightly below its long-term average, potentially indicating a minor correction. The Average True Range (ATR) of 0.08 (1.50% of the current price) implies relatively low volatility. Given the 52-week high and low prices of 5.74 and 5.04, respectively, the ETF is currently trading near the middle of its recent range.

Combining the technical analysis with fundamental data, such as the Assets Under Management (AUM) of 93.76M EUR, we can infer that the ETF has a moderate size, which might impact its liquidity. To forecast the ETFs performance, we need to consider both the technical and fundamental aspects. Assuming the global economy continues to grow, albeit at a moderate pace, the consumer staples sector is likely to remain relatively stable. Meanwhile, the consumer discretionary segment may benefit from increased consumer spending. Based on the current technical trends and fundamental data, a reasonable forecast would be a gradual increase in the ETFs price, potentially reaching 5.60-5.80 in the next 6-12 months, driven by a combination of stable consumer staples performance and potential growth in consumer discretionary stocks.

To validate this forecast, its essential to continuously monitor the ETFs technical indicators, such as moving averages and ATR, as well as fundamental data, including AUM, sector trends, and macroeconomic indicators. Any significant deviations from the expected trends could impact the ETFs performance and necessitate adjustments to the forecast.