(ESPO) VanEck Video Gaming eSports - Ratings and Ratios

The VanEck Video Gaming and eSports ETF (NASDAQ: ESPO) is designed to provide exposure to the global video gaming and eSports industry. The fund typically invests at least 80% of its total assets in securities that are part of its benchmark index. This index is a global measure that tracks the performance of companies involved in the video gaming and eSports sectors. The fund has the flexibility to invest in depositary receipts and securities denominated in foreign currencies, allowing for a diversified portfolio. As a non-diversified fund, it can allocate a larger portion of its assets to a smaller number of securities, which may increase risk but also potentially higher returns. The ETF focuses on companies that are significant to the gaming and eSports ecosystem, including game developers, platform providers, and hardware manufacturers.

Ticker Symbol: ESPO Exchange: NASDAQ Type: ETF Country Origin: USA ETF Category: Communications

Based on the provided data, the ETF has an average 20-day volume of 51,054 shares, with a last price of $90.41. The short-term trend indicators (SMA 20: $92.25 and SMA 50: $87.51) suggest that the ETF is currently trading below its 20-day moving average but above its 50-day moving average. The long-term trend (SMA 200: $75.68) indicates that the ETF is in an upward trend. The ATR of 1.46 reflects moderate volatility. The funds assets under management (AUM) are $323.50 million, indicating a focused investment vehicle.

Over the next three months, the ETF is expected to experience: 1. Support Levels: The SMA 200 at $75.68 is expected to act as a strong support level, providing a floor for the ETFs price. 2. Resistance Levels: The SMA 50 at $87.51 and SMA 20 at $92.25 are likely to act as resistance levels, potentially capping upward movements. 3. Volatility: The ATR of 1.46 suggests that the ETF may experience moderate price fluctuations, with an average daily range of approximately $1.46. 4. Trend Outlook: Given the ETFs current position above the SMA 200 and the overall upward trend, it is expected to maintain its bullish momentum, with potential pullbacks to the SMA 50 level. 5. Target Levels: If the ETF breaks above the SMA 20 resistance, it may target the $95-$100 range, while a breach below the SMA 200 could lead to a retest of the $70-$75 range.