(XNAS) Xtrackers NASDAQ 100 1C - Ratings and Ratios

The Xtrackers NASDAQ 100 UCITS ETF 1C (XETRA:XNAS) is a German-originated ETF that tracks the Morningstar US Large-Cap Growth Index, providing investors with exposure to the US large-cap growth equity market. The fund is designed to replicate the performance of the underlying index, which comprises stocks of prominent growth companies.

From a technical analysis perspective, the ETF is currently trading at €44.05, with a 20-day simple moving average (SMA) of €43.76, indicating a bullish trend. The 50-day SMA is at €42.04, and the 200-day SMA is at €43.82, further supporting the positive momentum. The average true range (ATR) is 0.59, equivalent to 1.33%, suggesting relatively moderate volatility. The ETF has reached a 52-week high of €49.08 and a low of €35.96, indicating a significant price range over the past year.

With assets under management (AUM) of €669.13 million, the Xtrackers NASDAQ 100 UCITS ETF 1C is a sizable fund, indicating a reasonable level of liquidity and investor interest. As the fund tracks the Morningstar US Large-Cap Growth Index, it is likely to be influenced by the overall performance of the US stock market, particularly in the technology and growth sectors, which have a significant weighting in the NASDAQ 100.

Based on the technical and fundamental data, a forecast for the XNAS ETF can be derived. Given the bullish trend indicated by the SMAs and the relatively moderate volatility, a potential price target for the ETF could be €46.50 in the short term, representing a 5.5% increase from the current price. However, this is contingent upon the overall market conditions and the performance of the underlying index. A potential risk to this forecast is a market downturn or a sector rotation away from growth stocks, which could negatively impact the ETFs price.