(EUNR) iShares Euro Corporate Bond - Ratings and Ratios

The iShares Euro Corporate Bond ex-Financials UCITS ETF, traded on XETRA under the ticker symbol EUNR, is designed to track the Morningstar EZN Corp Bd GR EUR index. This ETF provides investors with exposure to a diversified portfolio of Euro-denominated corporate bonds, excluding those issued by financial institutions.

As a EUR Corporate Bond ETF, EUNR is likely to be attractive to investors seeking regular income and relatively lower volatility compared to equity investments. The ETFs underlying index comprises a broad range of investment-grade corporate bonds, offering a diversified credit risk profile.

Analyzing the ETFs recent price action, we observe a steady upward trend, with the last price recorded at 110.48 EUR. The short-term (20-day) and medium-term (50-day) Simple Moving Averages (SMA) stand at 110.13 EUR and 109.63 EUR, respectively, indicating a bullish sentiment. The long-term (200-day) SMA at 108.74 EUR further supports this trend, suggesting a strong foundation for the ETFs price.

Considering the and , a forecast for EUNR can be derived. With the ETFs price above its short-term and medium-term SMAs, and a significant gap between the current price and its 52-week low (104.46 EUR), we can expect a continued stable performance. The relatively low Average True Range (ATR) of 0.28 EUR (or 0.26%) indicates low volatility, supporting a stable outlook. Given the AUM of 1093.87M EUR, the ETF enjoys a reasonable level of liquidity, which can help maintain its stability.

Based on the analysis, a potential forecast for EUNR could be a gradual appreciation towards its 52-week high of 110.57 EUR, potentially testing this level in the near term. If the ETF successfully breaks through this resistance, it may continue to rise, driven by the overall trend in the Euro corporate bond market. Conversely, a decline below the 109.63 EUR SMA could signal a reversal, potentially targeting the 108.74 EUR SMA.