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

The Invesco EQQQ NASDAQ-100 UCITS ETF is designed to track the performance of the Morningstar US LM Brd Growth NR USD Index, providing investors with exposure to a broad range of US large-cap growth stocks. By replicating the index, the fund aims to deliver returns that closely correspond to the underlying indexs price and yield performance, before expenses.

As a US Large-Cap Growth Equity ETF listed on XETRA, EQQQ offers investors a diversified portfolio of prominent US companies, primarily from the technology and growth sectors. The funds underlying index is comprised of stocks that exhibit strong growth characteristics, making it an attractive option for investors seeking to capitalize on the growth potential of the US market.

Analyzing the funds technical data, we observe a bullish trend, with the short-term Simple Moving Average (SMA20) at 462.16 and the long-term SMA200 at 461.97, indicating a potential breakout. The Average True Range (ATR) of 7.94, or 1.70%, suggests moderate volatility. Given the current price of 467.15, we can anticipate a potential price movement within the range of 459.21 to 475.09, based on the ATR.

Fundamentally, the funds Assets Under Management (AUM) stand at 3969.68M EUR, indicating a sizable presence in the market. With the underlying index tracking the US large-cap growth segment, we can expect the fund to benefit from the long-term growth prospects of the US economy. Considering the current technical and fundamental landscape, we forecast a potential price target of 480-500 in the short to medium term, driven by the ongoing growth trend in the US technology and growth sectors.

To validate this forecast, we will continue to monitor the funds technical indicators, such as the SMA20 and SMA50, as well as the overall market conditions, to adjust our expectations accordingly. By combining technical and fundamental analysis, we can provide a more comprehensive understanding of the funds potential performance and identify opportunities for investors to capitalize on the growth potential of the US large-cap growth segment.