(WELU) Amundi S&P Global - Ratings and Ratios

Amundi S&P Global Information Technology ESG UCITS ETF DR EUR Acc (XETRA:WELU) is an exchange-traded fund that tracks the Morningstar Global Technology NR USD index, providing investors with exposure to the global technology sector while adhering to environmental, social, and governance (ESG) criteria.

The fund is listed on the XETRA exchange and is domiciled in Germany, categorizing it under Sector Equity Technology ETFs. By focusing on the technology sector, it allows investors to tap into the growth potential of this industry while diversifying their portfolios.

Analyzing the funds recent performance, we observe that it has shown a positive trend, with its last price standing at €17.13. The short-term moving averages (SMA20 at €16.09 and SMA50 at €16.97) indicate a bullish signal as the current price is above both, suggesting an upward momentum. However, the long-term SMA200 at €18.58 indicates that the fund is still below its long-term average, suggesting there might be resistance to further upward movement.

Utilizing the Average True Range (ATR) of 0.57, which translates to a 3.31% daily volatility, we can infer that the fund experiences moderate daily price swings. The 52-week high and low of €20.81 and €14.84, respectively, provide a range within which the fund has been trading, indicating a significant volatility over the past year.

With Assets Under Management (AUM) of €382.23 million, the fund demonstrates a reasonable scale, potentially offering liquidity to investors. The ESG criteria incorporated into the funds investment strategy align with the growing investor interest in sustainable investing, potentially attracting a specific investor demographic.

Forecasting the funds future performance involves analyzing both technical and fundamental data. Given the current price is above its short-term moving averages but below its long-term SMA200, a cautious optimism is warranted. If the global technology sector continues to grow and the ESG considerations remain a priority for investors, the fund could potentially see an increase in AUM and, consequently, a positive impact on its price. However, the current price being below the SMA200 might indicate an underlying resistance. Therefore, a potential forecast could be that the fund may face resistance around the €18.58 level (SMA200) but could continue to be supported by its ESG appeal and the technology sectors growth, potentially leading to a gradual increase towards this level in the medium term.