(EDMJ) iShares MSCI Japan ESG - Ratings and Ratios

The iShares MSCI Japan ESG Enhanced UCITS ETF USD Acc (XETRA:EDMJ) is an exchange-traded fund that tracks the Morningstar Japan TME NR JPY index, providing investors with exposure to Japanese large-cap equities with a blend of growth and value characteristics, while incorporating environmental, social, and governance (ESG) considerations.

From a technical analysis perspective, the ETFs price is currently at 6.45, slightly below its 20-day simple moving average (SMA) of 6.50, indicating a potential short-term bearish trend. However, the 50-day SMA at 6.32 is below the current price, suggesting a longer-term bullish trend. The 200-day SMA at 6.46 is also close to the current price, indicating a stable long-term trend. The average true range (ATR) is 0.07, representing a 1.09% daily price movement, which is relatively moderate.

Fundamentally, the ETF has a substantial assets under management (AUM) of 1919.76M EUR, indicating a high level of investor confidence and liquidity. The funds focus on ESG-enhanced investing aligns with the growing trend of responsible investing, potentially attracting investors seeking to balance financial returns with sustainability goals.

Based on the technical and fundamental data, a forecast for EDMJ could be that the ETF may experience a short-term correction due to its current price being below the 20-day SMA. However, the longer-term trend remains bullish, supported by the 50-day and 200-day SMAs. As the Japanese market continues to recover and ESG investing gains traction, EDMJ may potentially reach a 52-week high of 6.81 or higher, driven by increased investor demand and a favorable market environment. A potential price target could be 6.70-6.80 in the medium term, representing a 4-6% increase from the current price.