(XIC) iShares Core S&P/TSX Capped - Ratings and Ratios

The iShares Core S&P/TSX Capped Composite ETF (XIC) is a Canadian equity exchange-traded fund designed to track the performance of the S&P/TSX Capped Composite Index. It offers exposure to a diversified portfolio of Canadian large-cap stocks, with a focus on sector balance and reduced concentration risk in heavily weighted sectors. XIC is managed by BlackRock and listed on the Toronto Stock Exchange (TO).

From a technical perspective, XIC has shown moderate price movement, with its 20-day average volume at 436,400 shares. The ETF is currently trading at CAD 38.79, slightly above its 20-day simple moving average (SMA) of 38.55 but below its 50-day SMA of 39.30. The 200-day SMA stands at 38.35, indicating a neutral to slightly bullish long-term trend. The Average True Range (ATR) of 0.81 reflects relatively low volatility in recent trading sessions.

Fundamentally, XIC manages significant assets under management (AUM) of CAD 15,150.51 million, underscoring its popularity as a core Canadian equity holding. The funds structure ensures broad diversification across key sectors, including financials, energy, and industrials, aligning it closely with the broader Canadian economy.

3-Month Forecast: - Technical Outlook: XIC is expected to consolidate between its 20-day SMA (38.55) and 50-day SMA (39.30) in the near term. Support is likely to hold at the 200-day SMA (38.35), while resistance may emerge near the recent high of 39.80. The low ATR (0.81) suggests reduced volatility, potentially leading to tighter price ranges. - Fundamental Outlook: The ETFs AUM stability and broad market exposure suggest continued steady demand. Economic trends in Canada, particularly in the financial and energy sectors, will remain key drivers of performance.