(IDAT) Ishares Trust - Cloud Data - Ratings and Ratios

The iShares Trust - Cloud Data Tech and Consumer ETF (NYSE ARCA: IDAT) is a non-diversified exchange-traded fund designed to track the performance of companies involved in cloud computing, data analytics, and consumer technology. The fund invests at least 80% of its assets in securities from its underlying index or in investments with similar economic characteristics. It may also allocate up to 20% of its assets in derivatives such as futures, options, and swap contracts, as well as cash and cash equivalents. This approach allows the fund to seek exposure to emerging technologies while maintaining flexibility in its portfolio management.

As of the latest data, the ETF has an average trading volume of 1,859 shares over the past 20 days, indicating relatively low liquidity compared to larger funds. Its last price of $30.97 reflects current market sentiment, while its short-term and medium-term moving averages (SMA 20: $33.38, SMA 50: $33.66) suggest recent underperformance. The SMA 200 of $31.79 indicates a longer-term trend near current price levels. The Average True Range (ATR) of 0.61 highlights moderate volatility in recent trading sessions. With an AUM of $7.82 million, the fund is smaller in scale, which may limit its market impact but could also make it more sensitive to sector-specific movements.

3-Month Forecast: Based on the provided data, the funds technical outlook appears neutral to bearish in the near term. The last price ($30.97) is below its SMA 20 and SMA 50, suggesting downward momentum. However, the SMA 200 ($31.79) is slightly above the current price, which could act as a support level. The ATR of 0.61 indicates moderate volatility, so price swings within a narrow range are likely. On the fundamental side, the funds focus on cloud and consumer technology aligns with long-term growth trends, but short-term performance may hinge on broader market sentiment and sector rotation. If tech stocks rebound, IDAT could see a recovery, but its low AUM and liquidity may amplify price movements.