(BCHP) EGSHARES BLUE CHIP - Ratings and Ratios

EGShares Blue Chip ETF (BATS:BCHP) is a non-diversified exchange-traded fund designed to track the performance of large-cap companies exhibiting blue chip characteristics. These firms are typically well-established, financially stable, and have a history of reliable growth and strong earnings potential. The fund invests at least 80% of its net assets in equities of such companies, focusing on those with significant market capitalization at the time of purchase. Principal Global Investors, LLC, the funds advisor, employs a qualitative and quantitative approach to identify and select securities that align with its blue chip investment criteria.

Ticker Symbol: BCHP | Exchange: BATS | Type: ETF | Country Origin: USA | ETF Category: Large Growth

From a technical standpoint, BCHP is currently trading at $33.33, below its 20-day and 50-day moving averages of $34.85 and $34.84, respectively. The 200-day moving average stands at $32.81, indicating a recent upward trend that may be losing momentum. The Average True Range (ATR) of 6.49 suggests moderate volatility, with potential price swings of 6-7% over the next three months. The funds average 20-day volume of 34,041 shares reflects relatively low liquidity, which could impact execution prices for large trades.

With assets under management (AUM) of $116.24 million, the fund maintains a focused portfolio of large-cap growth equities. Its non-diversified nature allows for concentrated exposure to a smaller number of high-conviction positions, which can amplify both upside and downside risks. Investors seeking targeted access to blue chip companies with growth potential may find this fund appealing, though its smaller size and lower trading volume warrant careful consideration.

3-Month Forecast

Based on technical and fundamental data, BCHP is expected to face headwinds in the near term. The funds price is currently below its 20-day and 50-day moving averages, signaling bearish momentum. Support levels may emerge near the 200-day moving average of $32.81, while resistance could be met at the recent high of $34.85. The ATR of 6.49 suggests a potential trading range of $27.84 to $39.82 over the next three months, though actual price movements will depend on broader market conditions and earnings performance of its underlying holdings.