(2B76) iShares Automation - Ratings and Ratios

The iShares Automation & Robotics UCITS ETF USD (Acc) is a sector-specific exchange-traded fund focused on companies involved in automation and robotics technologies. Listed on XETRA under the ticker symbol 2B76, this ETF offers exposure to a diversified portfolio of global firms driving innovation in industrial automation, artificial intelligence, and robotics. The fund tracks the Morningstar Global Tech TME NR USD index, which is designed to capture the performance of companies engaged in technology-related industries. The ETF is structured as an accumulating share class, meaning dividends are reinvested rather than distributed, and it is denominated in US dollars but traded on the German exchange.

From a technical perspective, the ETF has shown moderate trading activity, with an average 20-day volume of 148,149 shares. The last price of 11.45 reflects a recent decline below its short-term moving averages, with the SMA 20 at 11.11 and the SMA 50 at 12.29. The SMA 200, currently at 12.60, indicates a longer-term downtrend. The ATR of 0.40 suggests moderate volatility. The funds assets under management (AUM) stand at 3.83 billion EUR, underscoring its popularity among investors seeking exposure to the automation and robotics sector.

Over the next three months, the ETF is expected to remain sensitive to broader market trends in technology equities. Based on the current technical setup, the price may face resistance at the SMA 50 level of 12.29, while support could be tested near the SMA 200 at 12.60. The ATR of 0.40 suggests that price fluctuations are likely to remain moderate. From a fundamental perspective, continued growth in automation and robotics adoption across industries could drive demand for the ETF, potentially leading to increased AUM. However, any broader market downturn in the technology sector could offset this momentum.