(CSSPX) iShares Core SP500 USD - Ratings and Ratios

The iShares Core S&P500 UCITS ETF USD (Acc) is a Swiss-listed exchange-traded fund that tracks the Morningstar US Large-Mid NR USD index, providing investors with broad exposure to the US large-cap equity market. As a blend equity ETF, it aims to replicate the performance of the underlying index, which comprises a diverse range of large-cap US stocks.

From a technical analysis perspective, the ETFs price action indicates a bullish trend, with the short-term Simple Moving Average (SMA20) at 619.60 and the long-term Simple Moving Average (SMA200) at 613.67, suggesting a potential continuation of the upward trend. The Average True Range (ATR) of 8.37, equivalent to 1.33%, indicates moderate volatility. Given the current price of 627.70, we can expect the ETF to potentially test the 52-week high of 650.60 in the near term, assuming the upward momentum continues.

Fundamentally, the ETFs Assets Under Management (AUM) stand at approximately $109.5 billion, underscoring its significant presence in the market. As the S&P 500 index is a widely followed benchmark for the US stock market, this ETF provides investors with a liquid and diversified investment vehicle. With the US economy expected to continue growing, albeit at a moderate pace, we forecast that the S&P 500 index will continue to rise, driven by the strong performance of its constituent stocks.

Combining technical and fundamental analysis, our forecast suggests that the iShares Core S&P500 UCITS ETF USD (Acc) will continue to trade higher, potentially reaching $650 in the short term, driven by the ongoing bull market in US equities. However, investors should be cautious of potential volatility and monitor the ETFs price action closely, as a break below the SMA50 at 596.50 could signal a reversal in the trend.