(TGED) TD Active Global Enhanced - Ratings and Ratios

The TD Active Global Enhanced Dividend ETF (TGED) is a Canadian ETF that provides investors with exposure to a diversified portfolio of global equities with a focus on dividend-paying stocks. The fund is actively managed, aiming to maximize returns through a combination of dividend income and capital appreciation.

The ETF tracks the Morningstar Global Markets GR CAD Index, which provides a broad equity market benchmark. By investing in TGED, investors gain access to a broad range of global companies, potentially reducing their reliance on any single market or sector. The funds global focus allows it to tap into growth opportunities across different regions, making it an attractive option for investors seeking diversification.

With an AUM of $1008.83M CAD, TGED has established itself as a substantial player in the ETF market. Its size indicates a certain level of liquidity, making it easier for investors to enter or exit positions without significantly affecting the market price.

Analyzing the technical data, the current price of $26.69 is slightly above the 20-day SMA of $26.67, indicating a minor bullish trend. The 50-day SMA at $25.51 is significantly lower, suggesting a longer-term uptrend. The 200-day SMA at $26.01 is also below the current price, reinforcing the notion of an overall positive trend. The ATR of 0.26, or 0.98%, suggests moderate volatility, indicating that the price movements are relatively stable. Given these trends, a potential forecast could be that the price continues to trend upwards, with potential resistance around the 52-week high of $27.96. The support level appears to be around $22.43, the 52-week low.

Combining the technical and fundamental data, a forecast for TGED could be made. The consistent uptrend, as indicated by the SMA analysis, coupled with the funds substantial AUM, suggests a stable investment opportunity. If the global equity markets continue to perform well and the dividend-paying stocks within the funds portfolio maintain their payout, TGED could potentially see its price rise towards the 52-week high. However, investors should be cautious of potential market downturns or changes in dividend policies, which could affect the funds performance. As such, a conservative estimate might place the price target in the range of $28 to $30 in the next 6 to 12 months, assuming the current trends continue and the global equity market remains favorable.