(36BE) iShares Bond ESG USD - Ratings and Ratios

The iShares $ Corp Bond ESG UCITS ETF USD Inc (XETRA:36BE) is an exchange-traded fund that tracks the Morningstar US Corp Bd TR USD index, providing investors with exposure to a diversified portfolio of USD-denominated corporate bonds issued by companies that meet certain environmental, social, and governance (ESG) criteria.

As an ETF listed on the XETRA exchange, it offers a transparent and cost-effective way to gain access to the USD corporate bond market, with a focus on ESG considerations. The funds investment objective is to replicate the performance of the underlying index, which comprises a broad range of investment-grade corporate bonds.

Analyzing the funds recent price action, we observe that the last price is 3.81, with a 20-day simple moving average (SMA) of 3.77, indicating a recent uptrend. The 50-day SMA is 3.90, and the 200-day SMA is 3.96, suggesting a longer-term downtrend. The average true range (ATR) is 0.04, equivalent to 1.07%, indicating moderate volatility. Given the current price is near the lower end of its 52-week range (3.68 - 4.15), we can anticipate a potential rebound or consolidation.

Combining technical and fundamental analysis, we note that the funds assets under management (AUM) stand at 345.28M EUR, indicating a reasonable level of investor interest. Considering the current technical setup and fundamental data, we forecast that the funds price will likely experience a moderate increase in the short term, potentially targeting the 50-day SMA at 3.90. However, a break above this level would be required to signal a more significant uptrend. Conversely, a decline below the 52-week low of 3.68 could indicate further downside potential.

To capitalize on this forecast, investors may consider accumulating the ETF on dips towards the 52-week low or waiting for a confirmed breakout above the 50-day SMA. A more conservative approach would involve monitoring the funds price action and adjusting investment decisions accordingly. Ultimately, the decision to invest in the iShares $ Corp Bond ESG UCITS ETF USD Inc should be based on individual investment objectives and risk tolerance.