(EQQB) Invesco EQQQ NASDAQ-100 - Ratings and Ratios

The Invesco EQQQ NASDAQ-100 UCITS ETF Acc (XETRA:EQQB) is an exchange-traded fund that tracks the Morningstar US Large-Cap Growth Index, providing investors with exposure to a basket of large-cap growth stocks in the US market. The fund is domiciled in Germany and is designed to accumulate dividends, making it a suitable option for long-term investors seeking to benefit from the growth potential of the underlying index.

The underlying index, Morningstar US LM Brd Growth NR USD, is a widely followed benchmark that captures the performance of US large-cap growth stocks. The index is constructed using a rules-based methodology that considers factors such as market capitalization, liquidity, and growth characteristics. By tracking this index, the EQQB ETF offers investors a diversified portfolio of high-growth companies, with a focus on sectors such as technology, consumer discretionary, and healthcare.

Analyzing the technical data, we can observe that the ETF has been trending upwards, with its short-term moving averages (SMA20 and SMA50) indicating a positive momentum. The current price of 326.50 is above its SMA20 and SMA50, suggesting a potential continuation of the uptrend. However, the SMA200 at 324.07 is below the current price, indicating a potential resistance level. Using the Average True Range (ATR) of 4.16, or 1.27%, we can infer that the ETF is experiencing moderate volatility. Based on this analysis, we forecast that the ETF will continue its upward trajectory, potentially reaching the 52-week high of 362.35 in the near term.

Combining the technical analysis with fundamental data, we note that the Assets Under Management (AUM) of 643.84M EUR indicate a moderate level of investor interest in the fund. Given the strong growth prospects of the underlying index and the favorable technical trends, we expect the AUM to increase as more investors seek exposure to the US large-cap growth market. Our forecast suggests that the ETF will continue to attract investors, driving its price higher and potentially reaching new highs.

Based on the analysis of both technical and fundamental data, our forecast is that the Invesco EQQQ NASDAQ-100 UCITS ETF Acc (XETRA:EQQB) will continue its upward trend, driven by the strong growth prospects of the underlying index and increasing investor interest. We expect the ETF to reach a price of 340-350 in the next 6-12 months, making it a potentially attractive investment opportunity for those seeking exposure to the US large-cap growth market.