(WOEE) iShares World Equity - Ratings and Ratios

The iShares World Equity Enhanced Active UCITS ETF USD (Acc) is an exchange-traded fund that aims to provide investors with exposure to a diversified portfolio of global equities. The fund is managed by BlackRock, a renowned asset management company, and is listed on various exchanges, with its primary listing reportedly associated with the Netherlands.

The ETF tracks the Morningstar Global TME NR USD Index, which serves as its benchmark. This index represents a broad universe of global equities, covering various market capitalizations and sectors. By tracking this index, the ETF offers investors a comprehensive exposure to the global equity market.

Analyzing the funds technical data, we observe that its price has been trending upwards, with the last price recorded at $5.51. The short-term and long-term moving averages (SMA20, SMA50, and SMA200) are closely aligned, indicating a relatively stable trend. The Average True Range (ATR) stands at 0.07, or 1.31% of the last price, suggesting moderate daily price volatility. The 52-week high and low prices are $5.56 and $4.83, respectively, indicating a relatively contained trading range over the past year.

From a fundamental perspective, the funds Assets Under Management (AUM) stand at $78.90 million, indicating a moderate level of investor interest. As a Global Large-Cap Blend Equity ETF, it is likely that the fund holds a diversified portfolio of large-cap stocks across various regions and sectors.

Based on the technical and fundamental data, our forecast suggests that the ETF may continue to experience a stable trend in the near term, potentially driven by the overall performance of the global equity market. With the SMA20, SMA50, and SMA200 in close alignment, and the ATR indicating moderate volatility, we anticipate that the ETFs price may oscillate within a narrow range around the current level. However, if the global equity market experiences a significant shift, the ETFs price may be influenced accordingly. A potential target price could be around $5.65, representing a 2.5% increase from the current level, assuming a continued upward trend in the global equity market.