(TUED) TD Active U.S. Enhanced - Ratings and Ratios

The TD Active U.S. Enhanced Dividend ETF (TUED) is a Canadian ETF that tracks the Morningstar US Market TR CAD Index, providing investors with exposure to the US equity market. As a US Equity ETF, TUED is designed to capture the performance of a broad range of US stocks, with a focus on dividend-paying companies.

From a technical analysis perspective, TUEDs price action indicates a potential bullish trend. The ETFs current price of $29.58 is above its 20-day Simple Moving Average (SMA) of $29.03, suggesting a short-term uptrend. Additionally, the 50-day SMA of $27.86 is below the current price, further supporting the bullish outlook. However, the 200-day SMA of $30.34 is above the current price, indicating that the long-term trend is still uncertain. The Average True Range (ATR) of 0.43 (1.44%) suggests moderate volatility.

Fundamentally, TUED has a substantial Assets Under Management (AUM) of $530.51 million CAD, indicating a reasonable level of investor interest and liquidity. As a dividend-focused ETF, TUED is likely to attract income-seeking investors. The ETFs underlying index, Morningstar US Market TR CAD, is a broad market index that covers a wide range of US stocks, providing diversified exposure to the US equity market.

Based on the technical and fundamental data, a forecast for TUED can be made. If the ETF continues to trade above its 20-day SMA and 50-day SMA, it may be likely to challenge its 52-week high of $34.53. Conversely, a break below the 50-day SMA could lead to a decline towards the 52-week low of $24.94. Given the current price and trend, a potential target for TUED could be $31.50, representing a 6.5% increase from the current price. However, this forecast is contingent upon the ETFs ability to maintain its current trend and the overall market conditions.