(INQQ) India Internet Ecommerce - Ratings and Ratios

The India Internet & Ecommerce ETF (NYSE ARCA:INQQ) is a non-diversified exchange-traded fund designed to track the performance of publicly traded Indian internet and ecommerce companies. The fund invests in securities or depositary receipts that comprise its underlying index, which was developed to measure the performance of companies in this sector. The ETF provides exposure to Indias rapidly growing digital economy, targeting firms involved in online retail, digital payments, and other internet-based services.

As of the latest data, INQQ has an average trading volume of 51,543 shares over the past 20 days, with a last price of $13.63. The funds moving averages indicate a recent downward trend, with the 20-day SMA at $14.20, 50-day SMA at $14.95, and 200-day SMA at $15.42. The Average True Range (ATR) of 0.26 reflects relatively low volatility. With assets under management (AUM) of $57 million, INQQ is a targeted vehicle for investors seeking to capitalize on Indias expanding internet and ecommerce sector.

3-Month Forecast:

Based on the current technical and fundamental data, INQQ is expected to face headwinds in the near term. The funds price is below its key moving averages (20, 50, and 200-day SMAs), signaling bearish momentum. The relatively low ATR suggests that volatility may increase as the price consolidates or breaks below current levels. Fundamentally, while Indias internet and ecommerce sector remains promising, short-term challenges such as macroeconomic conditions and sector-specific regulations could weigh on performance. Investors should monitor earnings reports from key holdings and broader market trends in India for cues on potential recovery or further decline.