(TNOW) Amundi MSCI World - Ratings and Ratios

The Amundi MSCI World Information Technology UCITS ETF EUR Acc EUR (Ticker: TNOW) is a European exchange-traded fund listed on Euronext Paris. It provides exposure to global technology companies, tracking the Morningstar Global Technology TME NR USD index. The fund is structured as a UCITS-compliant ETF, offering euro-denominated returns and accumulation of income.

From a technical perspective, TNOW is currently trading at 713.11 EUR, with a 20-day average volume of 1999 shares. Its short-term trend, as indicated by the 20-day simple moving average (SMA), stands at 687.50, while the 50-day SMA is higher at 755.13. The 200-day SMA is at 805.65, reflecting a longer-term downtrend. The Average True Range (ATR) of 25.52 suggests moderate volatility over the past 20 days.

In terms of fundamental data, the fund manages assets under management (AUM) of 1.88 billion EUR, indicating a substantial investor base. This scale allows for efficient tracking of the underlying index, which focuses on global technology companies across developed markets.

Based on the provided data, the 3-month forecast for TNOW is as follows: - The fund is likely to face headwinds in the near term, as the 20-day SMA (687.50) is below the 50-day SMA (755.13) and the 200-day SMA (805.65), signaling a bearish trend. - The ATR of 25.52 suggests that price fluctuations will remain moderate, with potential downside risks if the broader technology sector weakens. - However, the funds exposure to global technology leaders may provide support if earnings reports or macroeconomic conditions improve. - Investors should monitor the funds ability to maintain its tracking efficiency and whether the AUM stabilizes or grows in response to market conditions.