(TGGR) TD Active Global Equity - Ratings and Ratios

The TD Active Global Equity Growth ETF (TGGR) is a Canadian-listed exchange-traded fund that tracks the Morningstar Global Markets GR CAD Index, providing investors with diversified exposure to global equities with a growth orientation.

As a Global Equity ETF, TGGR is designed to capture the performance of a broad range of international stocks, allowing investors to tap into growth opportunities across various markets and sectors. With its CAD currency denomination, it offers a convenient investment vehicle for Canadian investors seeking to diversify their portfolios.

Analyzing the technical data, we observe that TGGRs price is currently above its 20-day and 50-day simple moving averages (SMA20 and SMA50), indicating a short-term uptrend. The stock is also near its 200-day simple moving average (SMA200), suggesting a potential resistance level. The Average True Range (ATR) is relatively low at 0.39, translating to a 1.39% daily price movement, which may indicate a stable trading environment.

From a fundamental perspective, TGGRs Assets Under Management (AUM) stand at CAD 38.30 million, indicating a relatively modest but still viable fund size. This AUM figure suggests that the fund has a dedicated investor base, which can contribute to liquidity and stability.

Combining technical and fundamental insights, we can forecast that TGGR may continue its upward trajectory if it breaks above its SMA200 and 52-week high. A sustained move above 29.71 could signal further growth, potentially targeting the next resistance level around 31-32. Conversely, a decline below the SMA50 at 26.48 may indicate a correction, with support likely to be found around the 52-week low of 24.15. Therefore, investors may consider accumulating TGGR on dips towards the SMA50, while setting stop-losses below this level to manage risk.