(H4ZX) HSBC Hang Seng Tech - Ratings and Ratios

The HSBC Hang Seng Tech UCITS ETF, traded on XETRA under the ticker symbol H4ZX, is an exchange-traded fund that tracks the Morningstar Global Technology Index (NR USD). This ETF is designed to provide investors with exposure to the global technology sector, allowing them to capitalize on the growth potential of tech companies worldwide.

With its domicile in Germany and categorization under Sector Equity Technology, this ETF is an attractive option for investors seeking to diversify their portfolios with a focus on the tech industry. The fund is managed by HSBC Asset Management, a reputable asset management company with a global presence.

Analyzing the ETFs recent performance, we observe that it has been trending upwards, with its last price of €6.43 being slightly above its 20-day Simple Moving Average (SMA) of €6.42. The 50-day SMA stands at €6.35, and the 200-day SMA is at €6.16, indicating a longer-term uptrend. The Average True Range (ATR) is €0.13, or 2.07% of the last price, suggesting moderate volatility. The ETFs price has fluctuated between a 52-week high of €7.91 and a low of €4.24, highlighting its potential for both growth and risk.

With Assets Under Management (AUM) of approximately €2.306 billion, the HSBC Hang Seng Tech UCITS ETF demonstrates a significant presence in the market, indicating investor confidence and liquidity. This substantial AUM also suggests that the ETF is well-established and capable of absorbing larger trades without significant price movements.

Forecasting the ETFs future performance involves analyzing both its technical indicators and fundamental data. Given the upward trend indicated by its SMAs and the ETFs focus on the growing tech sector, a positive outlook is plausible. However, the moderate volatility, as indicated by the ATR, suggests that investors should be prepared for potential fluctuations. Assuming the global technology sector continues to grow, and considering the ETFs diversified portfolio and significant AUM, a potential target price could be in the range of €7.00 to €7.50 in the next 6 to 12 months, representing a 9% to 17% increase from its current price. This forecast is contingent upon the ETFs continued tracking of its underlying index and the overall performance of the global tech industry.