(SPYL) SPDR SP500 USD Acc EUR - Ratings and Ratios

The SPDR S&P500 UCITS ETF USD Acc EUR (XETRA:SPYL) is an exchange-traded fund that tracks the Morningstar US Large-Mid NR USD index, providing investors with exposure to a broad range of large- and mid-cap US stocks. This ETF is listed on the XETRA exchange and is domiciled in Germany.

As a US Large-Cap Blend Equity ETF, SPYL offers a diversified portfolio of prominent US companies, allowing investors to tap into the US equity markets potential. The funds underlying index comprises a broad spectrum of US stocks, making it an attractive option for those seeking to gain exposure to the US market.

Analyzing the ETFs recent price action, we observe that the last price is 12.81 EUR, with short-term moving averages (SMA20: 12.69, SMA50: 12.27) indicating a positive trend. However, the long-term moving average (SMA200: 13.06) suggests that the ETF is currently trading below its long-term average, potentially indicating a buying opportunity. The Average True Range (ATR: 0.22 = 1.70%) implies moderate volatility.

With Assets Under Management (AUM) totaling 23.49 billion EUR, SPYL is a substantial player in the ETF market, indicating a high level of investor confidence and liquidity. This significant AUM also suggests that the fund is well-established and has a strong track record.

Forecasting the ETFs future performance using historical technical and fundamental data, we can anticipate a potential price increase. The ETFs current price is near its SMA20, and the SMA50 is trending upwards, indicating a possible continuation of the upward trend. Additionally, the S&P 500 index has historically demonstrated long-term growth, driven by the US economys expansion. Assuming the underlying index continues to perform well, SPYLs price could potentially reach 14.00 EUR in the near term, representing a 9% increase from the current price. However, its essential to monitor the ETFs price action and adjust the forecast accordingly.