(6AQQ) Amundi Index Solutions - Ratings and Ratios

Amundi Index Solutions Amundi Nasdaq-100 ETF-C EUR is an exchange-traded fund (ETF) listed on XETRA, tracking the Morningstar US Large-Cap Broad Growth Index. This ETF provides investors with exposure to a diversified portfolio of US large-cap growth stocks.

The fund is managed by Amundi, a leading European asset manager with a strong track record in index investing. With Assets Under Management (AUM) of €647 million, the fund has achieved a significant scale, which can help reduce costs for investors.

Analyzing the ETFs technical data, we observe a recent uptrend, with the last price of €218.20 exceeding the 20-day Simple Moving Average (SMA) of €216.24. The 50-day SMA (€208.32) and 200-day SMA (€216.58) indicate a longer-term bullish trend. The Average True Range (ATR) of 1.27% suggests moderate volatility.

Combining technical and fundamental analysis, we can forecast the ETFs future performance. Given the current uptrend and the funds tracking of the Morningstar US Large-Cap Broad Growth Index, which comprises high-growth companies, we expect the ETF to continue its upward trajectory. However, the 52-week high (€242.30) and low (€177.54) indicate a potential resistance level and a support level, respectively. If the ETF can break through the resistance level, it may continue to rise, driven by the growth prospects of its underlying constituents.

Based on the available data, our forecast suggests that the Amundi Nasdaq-100 ETF-C EUR may reach €230-€235 in the short term, representing a 5-7% increase from the current price. However, this forecast is contingent on the continued growth of the underlying index and the absence of significant market downturns.