(PANX) Amundi PEA Nasdaq-100 - Ratings and Ratios

The Amundi ETF PEA Nasdaq-100 UCITS ETF, ticker symbol PANX, is a US Large-Cap Growth Equity ETF domiciled in France. As an ETF, it is designed to track a specific index, in this case, the Morningstar US LM Brd Growth NR USD, providing investors with broad exposure to the US large-cap growth market.

Given its focus on large-cap growth stocks, PANX is likely to have a portfolio heavily weighted towards technology and growth-oriented sectors, similar to the Nasdaq-100 index, despite tracking the Morningstar US LM Brd Growth NR USD. This suggests that the ETF is positioned to benefit from the growth potential of leading US companies, albeit with a specific growth-oriented strategy.

From a technical analysis perspective, the ETFs price action indicates a recent pullback, as evidenced by the last price being below both the SMA50 and SMA200. However, the SMA20 is trending upwards, suggesting a potential short-term uptrend. The ATR indicates a moderate level of volatility, which may be expected given the ETFs exposure to growth stocks. A breakout above the 52W High could signal a strong uptrend, while a drop below the 52W Low may indicate further downside.

Combining technical and fundamental insights, a forecast for PANX could be constructed. With an AUM of 313.36M EUR, the ETF has a reasonable size, suggesting sufficient liquidity. Considering the technical indicators, a potential trading strategy could involve waiting for a breakout above the SMA50 (51.03) or even the 52W High (62.08), indicating a resumption of the uptrend. Conversely, a drop below the SMA20 (47.99) could be a signal to re-evaluate the position. Given the growth-oriented nature of the ETF and the overall trend in the US large-cap growth market, a long-term bullish outlook could be maintained, with a target potentially set near the upper end of historical price ranges or beyond, contingent on continued growth in the underlying holdings.

Its also worth noting that the ETFs tracking of the Morningstar US LM Brd Growth NR USD index, rather than directly tracking the Nasdaq-100, might result in some differences in performance and holdings composition. Investors should be aware of these nuances when evaluating the ETFs potential.