(N1ES) Invesco NASDAQ-100 ESG - Ratings and Ratios

The Invesco NASDAQ-100 ESG UCITS ETF USD Acc (XETRA:N1ES) is an exchange-traded fund that tracks the Morningstar US LM Brd Growth NR USD index, providing investors with exposure to US large-cap growth equities with a focus on environmental, social, and governance (ESG) considerations.

As an ETF listed on the XETRA exchange, N1ES offers a diversified portfolio of stocks that are constituents of the NASDAQ-100 index, which is known for its heavy weighting in technology and growth stocks. The funds ESG focus means it excludes companies that do not meet certain sustainability criteria, potentially reducing exposure to companies with high ESG risks.

Analyzing the funds technical data, we observe that the current price is 54.09, slightly below its 20-day simple moving average (SMA) of 54.28, indicating a potential short-term bearish trend. However, the 50-day SMA at 51.20 is trending upwards, suggesting a longer-term bullish outlook. The 200-day SMA at 54.34 is also above the current price, indicating a possible resistance level. The average true range (ATR) of 0.85 represents a 1.58% daily price movement, suggesting moderate volatility.

From a fundamental perspective, the funds assets under management (AUM) stand at 1235.68M EUR, indicating a sizable presence in the market. The Morningstar US LM Brd Growth NR USD index has historically performed well, driven by the growth of US large-cap stocks. Given the funds focus on ESG and its tracking of a growth-oriented index, it is likely to continue attracting investors seeking exposure to US growth stocks with a sustainability focus.

Forecasting the funds performance based on technical and fundamental data, we can expect N1ES to continue its upward trend in the long term, driven by the growth of its underlying constituents. However, short-term volatility is likely to persist, with potential resistance at the 54.34 level (200-day SMA). If the fund can break through this resistance, it may continue its upward trajectory, potentially reaching new 52-week highs. Conversely, a decline below the 50-day SMA could signal a more significant correction. Investors should monitor the funds price movements and adjust their strategies accordingly.