(ZPRD) SPDR FTSE UK All Share - Ratings and Ratios

The SPDR FTSE UK All Share UCITS ETF, traded as ZPRD on XETRA, is designed to track the Morningstar UK All Cap TME NR GBP index, providing investors with broad exposure to the UK equity market, encompassing large, mid, and small-cap stocks. This ETF is a popular choice for those seeking to gain a diversified portfolio of UK-listed companies, as it includes a wide range of sectors and industries.

From a technical perspective, the current price of 5.75 is slightly below its 20-day Simple Moving Average (SMA) of 5.78, indicating a potential bearish trend in the short term. However, the 50-day SMA at 5.67 and 200-day SMA at 5.49 suggest a longer-term uptrend, as the price remains above these averages. The Average True Range (ATR) of 0.03, or 0.53%, indicates relatively low volatility, suggesting a stable trading environment. Given these technical indicators, a potential trading range between 5.83 (52-week high) and 4.97 (52-week low) is anticipated.

Fundamentally, the ETF boasts Assets Under Management (AUM) of 519.68 million EUR, signifying a substantial investor base and market presence. This sizeable AUM, combined with the funds diversified exposure to the UK equity market, contributes to its liquidity and attractiveness to a broad range of investors, including institutional and individual investors.

Forecasting the future performance of ZPR, a confluence of technical and fundamental analysis suggests a cautiously optimistic outlook. If the long-term uptrend continues, as indicated by the 200-day SMA, and the fund maintains its AUM, the price could potentially test the 52-week high at 5.83. Conversely, a downturn in the UK equity market or a decline in investor appetite for UK assets could pressure the price towards the 52-week low of 4.97. Thus, a plausible price target for ZPR in the near to medium term could be 5.9, a level that represents a potential breakout above the current 52-week high, or a retracement to 5.4 if the market experiences a downturn.