(HEQL) Global X Enhanced - Ratings and Ratios

The Global X Enhanced All-Equity Asset Allocation ETF CAD (HEQL) is an exchange-traded fund that seeks to provide investors with exposure to a diversified portfolio of equities. As an Alternative Equity Focused ETF, HEQL is designed to offer a unique investment strategy that aims to enhance returns through asset allocation.

By analyzing the funds characteristics, we can infer that HEQL is a relatively small ETF with a CAD 7.57M AUM, which may impact its liquidity. However, its listing on a Canadian exchange provides accessibility to Canadian investors. The funds investment objective is likely tied to the Morningstar CAD O/N Cash GR CAD Index, which suggests a focus on Canadian cash and equivalents.

From a technical analysis perspective, HEQLs price action indicates a bullish trend, with the last price of 27.99 CAD above its 20-day SMA of 27.37 CAD and 50-day SMA of 26.40 CAD. The 200-day SMA of 26.62 CAD also supports this trend. The Average True Range (ATR) of 0.30 CAD, or 1.07%, suggests moderate volatility. Given these indicators, a potential forecast is that HEQL may continue its upward trend, potentially reaching the 52-week high of 28.57 CAD.

Combining technical and fundamental analysis, we can forecast that HEQLs price may be influenced by its AUM growth and the overall performance of the Canadian equity market. If the fund continues to attract assets and the market remains favorable, HEQLs price may appreciate. Conversely, a decline in AUM or unfavorable market conditions could lead to a decrease in price. Based on these factors, a potential price target for HEQL could be around 29.50 CAD, representing a 5% increase from its current price.

It is essential to note that this forecast is based on the available data and should be continuously monitored for any changes in the funds characteristics, market conditions, or other factors that may impact its performance.