(EXXY) iShares Diversified - Ratings and Ratios

The iShares Diversified Commodity Swap UCITS ETF (DE) is an exchange-traded fund listed on the XETRA exchange under the ticker symbol EXXY. As a Commodities - Broad Basket ETF, it provides investors with diversified exposure to a wide range of commodities, allowing them to gain access to the overall commodity market rather than being limited to a specific commodity or sector.

By tracking a commodity index, this ETF offers a convenient way for investors to invest in commodities without directly buying futures contracts or physical commodities. The funds structure as a swap-based ETF means it achieves its investment objective through swap agreements with counterparties, aiming to replicate the performance of its underlying commodity index.

Analyzing the ETFs recent performance, we observe that its last price is 25.70 EUR. The SMA20 at 25.23 EUR indicates a recent upward trend as the price has crossed above this average. However, the SMA50 at 26.36 EUR and SMA200 at 25.83 EUR suggest that the ETF is currently trading below its longer-term averages, indicating potential resistance at higher levels and a recent deviation from its long-term trend.

Given the ATR of 0.39, or 1.51%, the ETF is experiencing moderate volatility. The 52-week high and low of 28.98 EUR and 23.34 EUR, respectively, further underscore this, showing a significant range over the past year. Investors should consider this level of volatility when assessing their risk exposure.

The fund has an Assets Under Management (AUM) of 258.48 million EUR, indicating a reasonable size that can provide liquidity for investors while not being overly large that it becomes cumbersome to manage.

Based on the technical indicators, the ETF appears to be in a potential consolidation phase, having recently moved away from its SMA50. If the ETF can break through the SMA50 resistance at 26.36 EUR, it may signal a stronger bullish trend, potentially targeting the 52-week high near 28.98 EUR. Conversely, failure to break through this resistance could result in a return towards the SMA20 or lower. Fundamental factors, including commodity market trends and the overall AUM, will also play a crucial role in determining its future performance.

Forecasting its future performance, a break above 26.36 EUR with significant volume could indicate a buying opportunity, with a potential target near 28.98 EUR. However, if it fails to break this resistance, a cautious approach may be warranted, with a potential support level near 25.23 EUR (SMA20) or even lower. Continuous monitoring of both technical and fundamental data will be essential to adjust investment strategies accordingly.