(EEUE) BNP Paribas Easy MSCI - Ratings and Ratios

The BNP Paribas Easy MSCI Europe ESG Filtered Min TE UCITS ETF Cap is an exchange-traded fund that tracks the Morningstar Developed Markets Europe Index, providing investors with exposure to a diversified portfolio of large-cap European equities. The fund is managed by BNP Paribas Asset Management, a reputable asset manager with a strong track record in Europe.

With a focus on ESG (Environmental, Social, and Governance) considerations, this ETF filters out companies that do not meet certain sustainability criteria, making it an attractive option for investors seeking to align their investments with their values. The funds investment objective is to minimize tracking error while providing broad exposure to the European equity market.

Analyzing the funds recent price action, we can see that it has been trading in a relatively narrow range, with the last price at €17.17. The short-term moving average (SMA20) is at €17.19, indicating a slight bullish bias, while the longer-term moving averages (SMA50 and SMA200) are at €16.50 and €16.21, respectively, suggesting a positive trend. The Average True Range (ATR) is at 0.13, or 0.74%, indicating moderate volatility.

Using the available technical and fundamental data, we can forecast that the ETF is likely to continue its upward trend, driven by the positive momentum in the European equity market. With an AUM of €1.68 billion, the fund has a significant presence in the market, which should help to maintain liquidity and stability. Based on the current technical indicators, we can expect the ETF to potentially reach €17.50 in the short term, representing a 2% increase from current levels. However, investors should be aware of potential risks, including market volatility and changes in investor sentiment.