(ZPD3) SPDR S&P Global Dividend - Ratings and Ratios

The SPDR S&P Global Dividend Aristocrats ESG UCITS ETF (XETRA:ZPD3) is a global equity income ETF that tracks the Morningstar Global High Dividend Yield NR USD Index, providing investors with exposure to a diversified portfolio of high-dividend-yielding stocks. The fund is designed to capture the performance of companies that have consistently paid dividends, while also incorporating environmental, social, and governance (ESG) considerations.

From a technical analysis perspective, the ETF is currently trading at €17.92, with a 20-day simple moving average (SMA) of €17.88 and a 50-day SMA of €17.91, indicating a relatively stable short-term trend. However, the 200-day SMA of €18.59 suggests that the ETF is currently trading below its long-term trend, potentially indicating a buying opportunity. The average true range (ATR) of 0.28 represents a 1.56% daily price movement, indicating moderate volatility.

Fundamentally, the ETF has €16.89 million in assets under management (AUM), which is a relatively small size. However, this can also indicate a more focused portfolio with a clearer investment strategy. The ETFs underlying index is designed to capture the performance of high-dividend-yielding stocks, which can provide a relatively stable source of income for investors.

Based on the technical and fundamental data, a potential forecast for the ETF is that it may continue to trade within a narrow range in the short term, potentially between €17.50 and €18.50. However, if the global equity market continues to trend upwards, the ETF may eventually break out above its 200-day SMA of €18.59, potentially targeting the 52-week high of €19.86. Conversely, if the market experiences a downturn, the ETF may fall back to its 52-week low of €16.25. Investors should closely monitor the ETFs price action and adjust their strategies accordingly.