(XQQU) iShares NASDAQ 100 Index - Ratings and Ratios

The iShares NASDAQ100 Index ETF (TO:XQQU) is an exchange-traded fund that tracks the performance of the NASDAQ-100 Index, providing investors with exposure to the largest and most liquid non-financial stocks listed on the NASDAQ stock exchange. Although the provided description mentions it is tied to the Morningstar US Market TR CAD index, its essential to note that its actual underlying index is the NASDAQ-100.

The fund is managed by BlackRock, a renowned asset management company with a global presence, accessible through their Canadian website at http://www.blackrock.com/ca. As a US Equity ETF listed in Canada, XQQU offers Canadian investors a diversified portfolio of major US technology and growth stocks, including but not limited to Apple, Microsoft, Alphabet, Amazon, and NVIDIA.

Analyzing the provided technical data, the ETF has shown a positive trend, with its last price of $71.41 exceeding both its 20-day and 50-day simple moving averages (SMA20 and SMA50) of $65.79 and $65.29, respectively. This indicates a short to medium-term bullish sentiment. The 200-day SMA at $67.62 further supports this, as the current price is above it, suggesting a longer-term uptrend. The Average True Range (ATR) of 1.88, or 2.63%, signifies moderate volatility, which is expected given its NASDAQ-100 exposure.

From a fundamental perspective, the Assets Under Management (AUM) stand at $106.90 million CAD, indicating a reasonable size for an ETF, though not exceptionally large. The size suggests it has a dedicated investor base but may not have the same liquidity as much larger ETFs.

Forecasting its future performance involves integrating both technical and fundamental data. Given the current price is above key moving averages and considering the tech-heavy NASDAQ-100s historical growth trend, theres a potential for continued growth. However, the moderate volatility indicated by the ATR suggests that investors should be prepared for fluctuations. If the broader tech sector continues its growth trajectory, driven by innovation and demand, XQQU is likely to benefit, potentially pushing its price towards or beyond its 52-week high of $75.12. Conversely, a downturn in tech could see it fall back towards its 52-week low of $58.08. Thus, a cautious bullish outlook is warranted, with a potential target above $75.12 in a strong tech market scenario, but with an understanding of the risks and the need for ongoing monitoring.