(HMJP) HSBC MSCI JAPAN JPY - Ratings and Ratios

The HSBC MSCI Japan UCITS ETF JPY (HMJP) is a Switzerland-domiciled exchange-traded fund designed to track the performance of large-cap Japanese equities. It is listed on the SIX Swiss Exchange and is part of the broader HSBC Asset Management ETF product range. The fund replicates the Morningstar Japan TME NR JPY Index, which focuses on large-cap companies in Japan, providing exposure to key sectors driving the Japanese economy.

From a technical perspective, HMJP has shown a mixed trend in recent months. The last price of 6086.00 JPY is slightly below the 20-day simple moving average (SMA) of 6111.77, indicating short-term bearish momentum. However, the 50-day SMA of 5999.01 and the 200-day SMA of 5112.08 suggest that the fund is in a longer-term uptrend. The Average True Range (ATR) of 65.21 reflects moderate volatility, while the average 20-day volume of 3978 units indicates relatively low trading activity compared to other ETFs in its category.

Fundamentally, HMJP has an asset under management (AUM) of 158.20 million JPY, positioning it as a medium-sized ETF in the Japan large-cap equity space. This AUM level ensures sufficient liquidity for most investors while maintaining exposure to key Japanese blue-chip companies. The funds structure allows for diversification across sectors, aligning with the broader Japanese equity market.

3-Month Forecast: Based on the technical and fundamental data, HMJP is expected to face headwinds in the short term due to its position below the 20-day SMA. However, the longer-term uptrend, supported by the 50-day and 200-day SMAs, suggests resilience. The AUM stability and moderate volatility (ATR) indicate a balanced risk profile. Over the next three months, HMJP is likely to experience sideways movement with potential downside risks if the 20-day SMA resistance is not breached. Investors should monitor volume trends and broader market sentiment for Japan equities to gauge potential upside breaks.