(QGRO) American Century U.S. - Ratings and Ratios

The American Century U.S. Quality Growth ETF (QGRO) is an exchange-traded fund that focuses on investing in large- and mid-capitalization U.S. companies with strong growth and quality fundamentals, allocating at least 80% of its assets to the underlying indexs component securities under normal market conditions.

The funds underlying index is designed to capture the performance of U.S. companies with attractive growth prospects and robust financial health, providing a balanced approach to growth investing. By targeting companies with quality fundamentals, QGRO aims to mitigate potential downsides while capitalizing on upside growth opportunities.

From a technical analysis perspective, QGROs recent price action indicates a potential short-term correction, as the last price of $104.47 is below the 20-day Simple Moving Average (SMA) of $105.34. However, the funds longer-term trends remain intact, with the 50-day SMA at $98.97 and the 200-day SMA at $98.12, both of which are below the current price, indicating a bullish trend. The Average True Range (ATR) of 1.47 (1.41%) suggests moderate volatility.

Considering the funds fundamental data, the Assets Under Management (AUM) of $1.607 billion indicates a reasonable level of investor interest and liquidity. Combining this with the technical data, we can forecast that QGRO may experience a short-term pullback towards the $103-$104 range, potentially presenting a buying opportunity. If the overall market sentiment remains positive, QGRO may continue its upward trend, potentially reaching the 52-week high of $109.83 in the near term.

Based on the available data, a potential trading strategy could involve buying QGRO on dips towards the $103-$104 range, with a target price of $109.83 and a stop-loss below the 50-day SMA at $98.97. This strategy would require continuous monitoring of the funds price action and adjustments to the trading plan as needed.