(NADQ) Lyxor Nasdaq 100 Dis - Ratings and Ratios

The Lyxor Nasdaq100 ETF Dis (NADQ) is a US Large-Cap Growth Equity ETF listed on XETRA, providing investors with exposure to the Morningstar US LM Brd Growth NR USD Index. This ETF tracks the performance of the Nasdaq-100 Index, which comprises the 100 largest and most liquid non-financial stocks listed on the Nasdaq exchange.

From a technical analysis perspective, the ETF is currently trading at €198.80, slightly below its 20-day Simple Moving Average (SMA) of €199.78, indicating a potential short-term bearish trend. However, the 50-day SMA at €190.86 is trending upwards, suggesting a longer-term bullish outlook. The Average True Range (ATR) of 2.80, equivalent to 1.41%, indicates moderate volatility. Given the current price action and the proximity to the 52-week high of €224.00, a potential resistance level, we can anticipate a possible correction or consolidation phase in the short term.

With Assets Under Management (AUM) of €832.65M, the ETF demonstrates a reasonable level of liquidity and investor interest. The underlying index, Morningstar US LM Brd Growth NR USD, is designed to capture the performance of US large-cap growth stocks, which have historically been a significant driver of the US equity market.

Forecasting the future performance of NADQ requires integrating both technical and fundamental analysis. Based on the current technical indicators, we might see a short-term pullback towards the 50-day SMA. However, considering the long-term trend and the fundamental strength of the underlying index, which is heavily weighted in tech and growth stocks, we can expect the ETF to continue its upward trajectory over the medium to long term. A potential trading strategy could involve buying on dips towards the 50-day SMA, with a target price near the 52-week high, and a stop-loss below the recent lows. Investors should closely monitor the ETFs price action and adjust their strategies accordingly.