(EQAC) Invesco EQQQ NASDAQ-100 - Ratings and Ratios

The Invesco EQQQ NASDAQ-100 UCITS ETF Acc (SW:EQAC) is a Swiss-listed exchange-traded fund that tracks the Morningstar US Large Cap Broad Growth NR USD index, providing investors with exposure to the US large-cap growth equity market.

The ETF is designed to replicate the performance of its underlying index, which comprises a diverse range of US large-cap growth stocks. By investing in EQAC, investors can gain access to a broad portfolio of growth-oriented companies, potentially benefiting from the long-term growth prospects of the US equity market.

Analyzing the ETFs technical data, we observe a bullish trend, with the last price of 373.90 exceeding both the 20-day (366.37) and 50-day (341.79) simple moving averages. The 200-day SMA (348.58) is also below the current price, indicating a potential uptrend. The average true range (ATR) of 4.86, equivalent to 1.30%, suggests moderate volatility. Given the current price is near the 52-week high (377.65), we can expect a potential consolidation or a slight pullback before the next upward move.

From a fundamental perspective, the ETFs assets under management (AUM) stand at approximately 2.93 billion USD, indicating a significant investor base and liquidity. The underlying indexs composition and the ETFs tracking performance will be crucial in determining its future returns.

Forecasting the ETFs future performance using a combination of technical and fundamental data, we can expect EQAC to continue its upward trend, driven by the US large-cap growth equity markets long-term growth prospects. However, potential short-term consolidation or a slight correction may occur before the next significant move. Investors should closely monitor the ETFs price action, particularly with respect to its SMA20, SMA50, and SMA200, as well as its ATR, to adjust their investment strategies accordingly.