(SPP2) SPDR MSCI ACWI USD Acc - Ratings and Ratios

The SPDR MSCI ACWI UCITS ETF USD Acc USD is an exchange-traded fund listed on the XETRA exchange, providing investors with exposure to a broad range of global equities. The fund tracks the Morningstar Global TME NR USD index, which encompasses a diverse universe of stocks across developed and emerging markets.

As a global equity ETF, SPP2 offers investors a diversified portfolio that spans various geographic regions, sectors, and market capitalizations. The funds underlying index is designed to capture the performance of the global equity market, providing a comprehensive benchmark for investors. With a substantial Assets Under Management (AUM) of approximately $4.78 billion USD, SPP2 demonstrates a significant presence in the global ETF market.

Analyzing the technical data, the current price of SPP2 is $25.66, with a short-term bullish trend indicated by the SMA20 ($25.86) being above the SMA50 ($24.89). The Average True Range (ATR) of 0.18 (0.71%) suggests moderate volatility. Considering the 52-week high ($26.25) and low ($21.54), the current price is near the upper end of its recent trading range.

Using both technical and fundamental data, a forecast for SPP2 can be derived. Given the current trend and the funds underlying index, a potential target price could be around $27.00, representing a 5% increase from the current price. However, this is contingent upon the global equity market continuing its upward trend. A stop-loss level could be set around $24.50, slightly below the SMA50, to limit potential losses in case of a market downturn. Investors should closely monitor the funds performance and adjust their strategies accordingly.