(GRE) Multi Units France - Lyxor - Ratings and Ratios

The Multi Units France - Lyxor MSCI Greece UCITS ETF (GRE) is an exchange-traded fund that tracks the Athens Exchange Athex Composite TR Index, providing investors with exposure to the Greek equity market. As a UCITS-compliant ETF, it adheres to stringent European regulatory standards, ensuring a certain level of transparency, liquidity, and diversification.

By analyzing the ETFs price action, we can observe that it has been trending upwards, with its last price of 1.96 EUR being above its short-term (SMA20: 1.84 EUR) and medium-term (SMA50: 1.81 EUR) moving averages, indicating a positive momentum. The long-term trend (SMA200: 1.60 EUR) also suggests a strong uptrend. The Average True Range (ATR) of 0.05 EUR, equivalent to 2.72% of the last price, indicates moderate volatility.

From a fundamental perspective, the ETFs Assets Under Management (AUM) stand at 186.39M EUR, which is a relatively modest size. However, this does not necessarily impact its ability to track the underlying index. The Greek equity market, as represented by the Athex Composite TR Index, has been influenced by various factors, including the countrys economic recovery and the overall performance of the European economy.

Combining technical and fundamental insights, a forecast for the GRE ETF can be made. Given the current upward trend, moderate volatility, and the relatively stable AUM, it is likely that the ETF will continue to track the Athex Composite TR Index. If the Greek economy continues to recover and the European market remains stable, the ETFs price could potentially reach 2.10 EUR in the short term, representing a 7% increase from its current price. However, any unforeseen economic downturn or market volatility could negatively impact this forecast.