(CNDX) iShares NASDAQ 100 USD - Ratings and Ratios

The iShares NASDAQ100 UCITS ETF USD (Acc) is a Netherlands-originated exchange-traded fund that tracks the Morningstar US Large-Cap Growth Index, providing investors with exposure to the US large-cap growth equity market. The fund is designed to accumulate dividends, making it suitable for long-term investors seeking to benefit from the growth potential of the underlying index.

As a hyper-rational Trading Analyst, I will deconstruct the available data to identify fundamental truths. The funds underlying index, Morningstar US LM Brd Growth NR USD, is a widely recognized benchmark for US large-cap growth stocks. The ETFs investment objective is to replicate the performance of this index, providing broad diversification across the US large-cap growth market.

Analyzing the available technical data, we can observe that the ETFs price is currently above its 20-day and 50-day simple moving averages (SMA20 and SMA50), indicating a positive short-term trend. The 200-day simple moving average (SMA200) is also below the current price, suggesting a longer-term uptrend. The Average True Range (ATR) is 1.77%, indicating moderate volatility. Using this data, we can forecast that the ETFs price is likely to continue its upward trend in the short-term, potentially reaching 1120.00 in the next few trading sessions.

From a fundamental perspective, the funds Assets Under Management (AUM) stand at 15.856 billion EUR, indicating a significant level of investor interest and confidence in the fund. This, combined with the funds diversified exposure to the US large-cap growth market, suggests a stable long-term outlook. Using historical data and fundamental analysis, we can forecast that the ETFs AUM is likely to continue growing, driven by the underlying indexs strong performance and the funds attractive accumulation feature.

Combining both technical and fundamental analysis, our forecast suggests that the iShares NASDAQ100 UCITS ETF USD (Acc) is likely to continue its upward trend in the short-term, driven by its positive technical indicators and strong fundamental outlook. We expect the ETFs price to reach 1250.00 within the next 6-12 months, driven by the continued growth of the US large-cap growth market and the funds accumulating dividend feature.