(S500) Amundi SP500 ESG Acc EUR - Ratings and Ratios

The Amundi S&P500 ESG UCITS ETF Acc EUR is a French-originated exchange-traded fund (ETF) that tracks the Morningstar US Large-Mid NR USD index, providing investors with exposure to a broad range of large-cap US equities with a focus on environmental, social, and governance (ESG) criteria.

As a US Large-Cap Blend Equity ETF, it is designed to capture the performance of the US stock markets largest and most liquid companies, with a blend of growth and value styles. The funds ESG focus means it excludes companies that do not meet certain sustainability standards, potentially reducing exposure to companies with high ESG risks.

Analyzing the funds technical data, we observe that the last price is 149.20 EUR, indicating a recent upward trend as it is above the 20-day simple moving average (SMA) of 147.74 EUR and the 50-day SMA of 142.41 EUR. However, it is below the 200-day SMA of 153.74 EUR, suggesting a potential resistance level. The average true range (ATR) is 2.09 EUR, or 1.40% of the last price, indicating moderate volatility.

From a fundamental perspective, the funds assets under management (AUM) stand at 4257.30 million EUR, indicating a significant investor base and liquidity. The S&P 500 index has historically been a strong performer, with large-cap US stocks often being a benchmark for the overall US equity market.

Forecasting future performance using both technical and fundamental data, we can anticipate that the ETF will continue to track the S&P 500 index, with potential for growth given the historical resilience of large-cap US stocks. However, the current price being below the 200-day SMA may indicate a short-term correction or consolidation phase. If the price breaks above the 200-day SMA and maintains an upward trend, it could signal a continued bullish outlook. Conversely, failure to break through this resistance could lead to a retest of lower support levels, such as the 50-day SMA. Investors should closely monitor the ATR for signs of increasing volatility, which could impact the ETFs price movements.