(IVES) Amplify Trust - Ratings and Ratios

The Amplify ETF Trust (NYSE ARCA:IVES) is a technology-focused exchange-traded fund (ETF) that replicates the performance of a specific equity index. The fund is designed to track the returns of companies within the technology sector, offering exposure to a diversified portfolio of technology stocks. It adheres to a strict investment policy, allocating at least 80% of its net assets (including borrowings for investment purposes) to equity securities of companies that comprise the index. This includes common stocks, depositary receipts, and other equity-related instruments of technology firms.

Technically, IVES is currently trading below its short- and medium-term moving averages, with the 20-day SMA at 50.80 and the 50-day SMA at 50.42, compared to its last price of 45.69. This indicates potential near-term downside momentum. The 200-day SMA of 47.84 suggests that the fund is in a longer-term downtrend. The Average True Range (ATR) of 1.01 reflects moderate volatility, providing a measurable risk parameter for traders. With an average 20-day volume of 1,078 shares, liquidity is limited, which may lead to wider bid-ask spreads.

Over the next three months, based on the current technical and fundamental backdrop: - - The fund is likely to face resistance at the 50-day SMA (50.42) and the 200-day SMA (47.84). - Support levels may emerge near the recent lows, but downside momentum could persist if the 20-day SMA remains above the current price. - The ATR of 1.01 suggests that price fluctuations will remain contained, with potential moves bounded by 44.68 to 46.70 in the near term. - - - With an AUM of $24.85 million, the fund operates with a smaller asset base, which may increase volatility and reduce liquidity. - The technology sectors performance will be a key driver, with potential headwinds from rising interest rates and macroeconomic uncertainty. - Overall, IVES is expected to remain under pressure in the near term, with limited upside potential unless broader market conditions improve.