(XQQ) iShares NASDAQ 100 (CAD - Ratings and Ratios

The iShares NASDAQ 100 ETF (XQQ) is a CAD-hedged exchange-traded fund listed on the Toronto Stock Exchange. It tracks the Morningstar US Market TR CAD Index, offering exposure to large-cap U.S. equities while mitigating currency risk for Canadian investors. The fund is designed for investors seeking diversification in the U.S. market with reduced exposure to CAD/USD exchange rate fluctuations.

From a technical perspective, XQQ is currently trading at 48.54, above its 20-day SMA of 46.52 but below its 50-day SMA of 49.40. The 200-day SMA stands at 50.74, indicating a potential long-term downtrend. The Average True Range (ATR) of 1.62 suggests moderate volatility. Average daily volume over the past 20 days is 571,300 shares, reflecting consistent liquidity.

On the fundamental side, the ETF manages assets under management (AUM) of 3,150.35 million CAD, making it one of the largest ETFs in its category. This scale contributes to its stability and tracking efficiency relative to its underlying index.

3-Month Forecast:

Based on and , the outlook for XQQ is as follows:

Over the next three months, XQQ is expected to remain range-bound between 45.00 and 52.00, driven by technical resistance at its 200-day SMA of 50.74 and support at its 50-day SMA of 49.40. The ATR of 1.62 suggests average daily price swings of 3.24%, indicating moderate volatility.

Fundamentally, the ETFs performance will likely be influenced by U.S. macroeconomic conditions, including interest rate changes, inflation trends, and corporate earnings growth. The CAD hedging feature may provide a slight advantage if the Canadian dollar weakens against the U.S. dollar during the period.

Risks include potential downside from elevated U.S. equity valuations and geopolitical uncertainties, while upside could emerge from stronger-than-expected earnings reports or easing inflation pressures.