(VUSA) Vanguard SP500 - Ratings and Ratios

The Vanguard S&P 500 UCITS ETF (AS:VUSA) is an exchange-traded fund that tracks the Morningstar US Large-Mid NR USD index, providing investors with broad exposure to the US large-cap equity market. As a UCITS-compliant ETF, it is designed to meet the needs of European investors seeking diversified investment opportunities.

With its underlying index comprising the largest and most liquid US stocks, the fund offers a blend of growth and value styles, capturing the overall performance of the US equity market. The S&P 500 index is widely regarded as a benchmark for US stock market performance, making this ETF an attractive option for investors seeking to replicate this benchmark.

Analyzing the funds technical profile, the current price of 97.84 is slightly below its 20-day simple moving average (SMA) of 98.23, indicating a potential short-term bearish trend. However, the 50-day SMA at 95.26 is trending upwards, suggesting a longer-term bullish outlook. The 200-day SMA at 101.47 is above the current price, indicating a potential resistance level. The average true range (ATR) of 1.71 (1.75%) suggests moderate volatility, while the 52-week high and low of 111.40 and 85.50, respectively, indicate a significant range of price movements over the past year.

From a fundamental perspective, the funds assets under management (AUM) stand at approximately 43 billion EUR, demonstrating its popularity among investors. The S&P 500 index has historically delivered strong long-term returns, driven by the growth and innovation of its constituent companies. As the US economy continues to evolve, the S&P 500 is likely to remain a key beneficiary, driven by its exposure to leading US companies across various sectors.

Forecasting future performance using a combination of technical and fundamental data, we can anticipate that the VUSA ETF will continue to track the S&P 500 index, with its price movements influenced by the overall trend of the US equity market. Given the current technical profile, we may see a short-term correction towards the 50-day SMA, followed by a potential rebound towards the 200-day SMA. In the longer term, the funds AUM and the S&P 500s historical performance suggest a continued upward trajectory, driven by the growth of its underlying constituents. Therefore, we forecast a potential price target of 105.00 in the next 6-12 months, based on the funds technical and fundamental profile.