(NSGE) NBI Sustainable Global - Ratings and Ratios

The NBI Sustainable Global Equity ETF (TO:NSGE) is a Canadian ETF that tracks the Morningstar Global Markets GR CAD Index, providing investors with exposure to a diversified portfolio of global equities that meet certain sustainability criteria. As a Global Equity ETF, it offers a broad investment universe, allowing investors to tap into growth opportunities across various regions and sectors.

From a technical analysis perspective, the ETFs price action is indicating a potential upward trend. The stock is currently trading at $41.51, above its 20-day simple moving average (SMA20) of $40.83 and 50-day SMA of $39.81, suggesting a short-term bullish momentum. The 200-day SMA at $41.01 is also being tested, indicating a potential break above this key level. With an Average True Range (ATR) of 0.34, representing a 0.81% daily price movement, the ETF is exhibiting relatively stable price action. Given these technical indicators, we can expect the price to potentially reach $43.50 in the near term, driven by the upward momentum and a possible breakout above the 200-day SMA.

Fundamentally, the NBI Sustainable Global Equity ETF has a substantial Assets Under Management (AUM) of $531.46M CAD, indicating a reasonable level of liquidity and investor interest. As a sustainable investment vehicle, the ETF is likely to benefit from the growing demand for Environmental, Social, and Governance (ESG) compliant investments. With the global trend towards sustainable investing on the rise, this ETF is well-positioned to capitalize on this momentum, potentially leading to increased AUM and a higher share price. Our forecast suggests that the AUM could reach $700M CAD within the next 12 months, driven by the growing demand for sustainable investment products.

Combining the technical and fundamental analysis, we forecast that the NBI Sustainable Global Equity ETF will continue to trade upwards, potentially reaching $45.00 within the next 6-12 months, driven by a combination of its bullish technical trend and the growing demand for sustainable investments. Investors should monitor the ETFs price action and adjust their investment strategies accordingly. With a 52-week high of $43.63 and a low of $34.45, the ETF has demonstrated its ability to perform in various market conditions, and we expect it to continue to be a stable and growth-oriented investment opportunity.