(EQQX) Invesco NASDAQ-100 Swap - Ratings and Ratios

The Invesco NASDAQ-100 Swap UCITS ETF Acc (XETRA:EQQX) is an exchange-traded fund that tracks the Morningstar US Large-Mid Broad Growth NR USD index, providing investors with exposure to a diversified portfolio of US large-cap growth stocks. The fund is listed on the XETRA exchange and is domiciled in Germany.

With a focus on growth-oriented equities, this ETF is likely to be heavily weighted in technology and other high-growth sectors, given the underlying indexs composition. The NASDAQ-100 index, which is closely related to the tracked index, is known for its heavy weighting in tech giants, which could imply a similar profile for EQQX.

Analyzing the available technical data, we can observe that the ETF has recently demonstrated a positive trend, with its last price of 59.66 exceeding its 20-day simple moving average (SMA) of 59.18. The 50-day SMA stands at 57.12, further indicating an upward trajectory. The average true range (ATR) of 0.70, equivalent to 1.18%, suggests moderate volatility. Given these indicators, a potential short-term target could be the 52-week high of 66.26, assuming the upward momentum continues.

From a fundamental perspective, the funds assets under management (AUM) stand at 572.97 million EUR, indicating a reasonable level of investor interest. To forecast future performance, we can combine technical and fundamental insights. Assuming the growth-oriented sectors continue to attract investment and the overall US equity market remains buoyant, EQQX could potentially continue its upward trend. A possible forecast could see the ETF reaching new 52-week highs, driven by sustained investor demand for growth stocks and a favorable macroeconomic backdrop.

Combining both technical and fundamental analysis, a likely scenario for EQQX is continued growth, potentially targeting the 52-week high or beyond, contingent on sustained investor appetite for US large-cap growth equities and a stable macroeconomic environment. Monitoring the ETFs price action relative to its SMAs and adjusting the forecast accordingly will be crucial. A break below the 50-day SMA could signal a reversal, while sustained trading above the 200-day SMA could reinforce the bullish outlook.