(HUKX) HSBC FTSE 100 USD - Ratings and Ratios

The HSBC FTSE100 UCITS ETF USD (SW:HUKX) is an exchange-traded fund that tracks the Morningstar UK All Cap TME NR GBP index, providing investors with exposure to the UKs large-cap equity market. The fund is domiciled in Switzerland and is designed to replicate the performance of the underlying index, which comprises a broad range of UK-listed companies.

Analyzing the ETFs characteristics, its clear that its a UK Large-Cap Equity fund, investing in a diversified portfolio of prominent UK companies. The funds assets under management (AUM) stand at $517.11 million, indicating a moderate level of investor interest.

From a technical analysis perspective, the ETFs price action suggests a bullish trend, with the current price of $112.40 exceeding its 20-day, 50-day, and 200-day simple moving averages (SMA20, SMA50, and SMA200) of $107.87, $106.36, and $100.67, respectively. The average true range (ATR) is $1.63, equivalent to 1.45% of the current price, indicating moderate volatility. The 52-week high and low prices are $112.40 and $84.15, respectively, highlighting a significant price recovery over the past year.

Combining technical and fundamental insights, we can forecast the ETFs future performance. Given the current bullish trend and the ETFs tracking of the UKs large-cap equity market, we can expect the fund to continue to benefit from any positive developments in the UK economy and stock market. However, the moderate volatility indicated by the ATR suggests that investors should be prepared for potential price fluctuations. Based on the SMA20, SMA50, and SMA200, we can anticipate a potential price target of $115-$120 in the short term, assuming the bullish trend persists. Conversely, a decline below the SMA50 could signal a correction, potentially targeting the $100-$105 range.