(2B79) iShares Digitalisation Acc - Ratings and Ratios

The iShares Digitalisation UCITS Acc (XETRA:2B79) is an exchange-traded fund (ETF) that tracks the Morningstar Global Technology Index, providing investors with exposure to the global technology sector. As a Sector Equity Technology ETF, it is designed to capture the performance of companies driving digitalisation across the globe.

The fund is listed on the XETRA exchange and has its origins in Germany. With Assets Under Management (AUM) of approximately €1.012 billion, it has a substantial presence in the market. The underlying index, Morningstar Global Technology NR USD, is a widely recognised benchmark for the technology sector, suggesting that the funds performance is likely to be closely aligned with the overall performance of the tech industry.

From a technical analysis perspective, the funds recent price action indicates a potential bullish trend. The short-term Simple Moving Average (SMA20) of 9.71 is above the longer-term SMA50 of 9.27, suggesting an uptrend. Additionally, the SMA200 of 9.62 is close to the current price, indicating that the fund is trading near its long-term average. The Average True Range (ATR) of 0.13, or 1.32%, implies relatively low volatility, making it a relatively stable investment. Given the 52-week high of 10.97 and low of 7.83, the current price of 9.77 is roughly 11% below its peak, potentially indicating a buying opportunity.

Combining the technical and fundamental data, a forecast for the iShares Digitalisation UCITS Acc (XETRA:2B79) can be made. With the global technology sector expected to continue growing, driven by digitalisation trends, the fund is likely to benefit from this momentum. The current uptrend, as indicated by the SMA20 and SMA50, may continue, potentially driving the price higher. However, the relatively low volatility, as measured by the ATR, may limit the potential for significant short-term gains. A potential target price could be around 10.50, representing a 7.5% increase from the current level, based on the assumption that the tech sector will continue to grow and the fund will track its underlying index.