(IETC) iShares Evolved U.S. - Ratings and Ratios

The iShares Evolved U.S. Technology ETF (BATS:IETC) is designed to track the performance of U.S. technology companies, leveraging a dynamic classification system to identify firms with economic characteristics aligned with the evolving technology sector. The fund primarily invests at least 80% of its net assets in U.S. listed common stocks of large-, mid-, and small-capitalization technology companies. It focuses on firms within the Technology Evolved Sector, which includes companies historically associated with the technology industry but may also encompass emerging tech-driven businesses. The ETF is non-diversified, allowing it to concentrate its holdings in a smaller number of securities. As of the latest data, the fund has $471.51M USD in assets under management (AUM) and trades with an average daily volume of 67,050 shares.

From a technical standpoint, IETC is currently trading at $81.20, below its 20-day simple moving average (SMA) of $87.45 and its 50-day SMA of $86.92. However, it is above its 200-day SMA of $79.04, indicating potential long-term strength despite short-term weakness. The Average True Range (ATR) of 1.66 suggests moderate volatility, which could impact short-term price movements.

3-Month Forecast: - Short-Term (Next 30 days): The fund may experience sideways movement as it tests resistance at $87.50 (20-day SMA) and support at $79.00 (200-day SMA). Volatility, as indicated by the ATR, could lead to price swings of up to 2.5% per session. - Medium-Term (Next 90 days): If the fund breaks above $87.50 with increased volume, it could target $95.00. Conversely, failure to hold above $79.00 could lead to a decline to $75.00. The 50-day SMA crossing above the 200-day SMA would signal a bullish trend reversal. This forecast is based on the provided technical and fundamental data.