(QDVA) iShares Edge MSCI USA - Ratings and Ratios

The iShares Edge MSCI USA Momentum Factor UCITS ETF USD (Acc) EUR, traded on XETRA under the ticker symbol QDVA, is an exchange-traded fund that tracks the Morningstar US LM Brd Growth NR USD Index. This ETF is designed to provide exposure to US large-cap growth equities with a momentum tilt, catering to investors seeking to capitalize on the growth potential of US companies.

From a technical standpoint, QDVA has demonstrated a recent uptrend, with its last price of 13.51 EUR exceeding both its 20-day Simple Moving Average (SMA20) of 12.71 and its 50-day Simple Moving Average (SMA50) of 13.14. However, it remains below its 200-day Simple Moving Average (SMA200) of 13.57, indicating a potential resistance level. The Average True Range (ATR) of 0.40, representing 2.97% of the last price, suggests moderate volatility. Over the past 52 weeks, QDVA has traded between 11.45 and 15.57, showcasing its price range.

Fundamentally, the ETF has an Assets Under Management (AUM) of 356.48 million EUR, indicating a reasonable scale. As it is categorized under US Large-Cap Growth Equity, its performance is closely tied to the growth prospects of large-cap US companies. The underlying index, Morningstar US LM Brd Growth NR USD, is designed to capture the performance of US growth stocks, providing a benchmark for growth-oriented investment strategies.

Analyzing the technical and fundamental data, a forecast for QDVA can be constructed. Given its recent uptrend and the fact that it is below its SMA200, a potential short-term target could be to surpass this resistance level. If QDVA can break through the SMA200 of 13.57, it may continue its upward momentum, potentially reaching towards the upper end of its 52-week range. Conversely, failure to break through this resistance could lead to a consolidation or correction. Considering the AUM and the ETFs category, QDVA remains a viable option for investors seeking US large-cap growth exposure with a momentum factor. A break above 13.57 could see it testing the 52-week high of 15.57, while a decline below the SMA50 of 13.14 could signal a deeper correction towards the 52-week low of 11.45.