(SLMC) iShares MSCI Europe ESG - Ratings and Ratios

The iShares MSCI Europe ESG Screened UCITS ETF (XETRA:SLMC) is an exchange-traded fund that tracks the Morningstar Developed Markets Europe TME NR EUR index, providing investors with exposure to a diversified portfolio of European large-cap stocks with a blend equity style. The fund is listed on the XETRA exchange and originates from Germany.

From a technical analysis perspective, the ETFs price is currently at 9.19 EUR, which is equal to its 20-day simple moving average (SMA20), indicating a potential consolidation phase. The 50-day simple moving average (SMA50) is at 8.82 EUR, and the 200-day simple moving average (SMA200) is at 8.69 EUR, both of which are below the current price, suggesting a bullish trend. The Average True Range (ATR) is 0.08 EUR, or 0.90% of the current price, indicating relatively low volatility.

Fundamentally, the ETF has a significant asset under management (AUM) of 2990.19 million EUR, demonstrating its popularity and liquidity among investors. The funds focus on ESG (Environmental, Social, and Governance) screening aligns with the growing trend of sustainable investing, potentially attracting investors seeking responsible investment options.

Based on the technical and fundamental data, a forecast for the ETF could be as follows: With the current price at 9.19 EUR and the SMA20 at the same level, a breakout above 9.30 EUR (52-week high) could lead to further upside potential, potentially driven by continued investor demand for ESG-compliant European large-cap stocks. Conversely, a decline below the SMA50 at 8.82 EUR could indicate a reversal of the bullish trend. Given the ETFs significant AUM and the growing trend of sustainable investing, a target price of 9.50 EUR could be achievable in the short term, representing a 3.4% increase from the current price.