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

The SPDR FTSE UK All Share UCITS ETF GBP (Dist) is an exchange-traded fund that tracks the Morningstar UK All Cap TME NR GBP index, providing investors with broad exposure to the UK equity market. As a UCITS-compliant ETF, it adheres to strict regulatory standards, making it accessible to a wide range of investors.

The fund is managed by State Street Global Advisors (SSGA), a renowned asset management firm with a global presence. With its roots in Germany, this ETF is listed on XETRA, a leading European exchange, ensuring liquidity and transparency for investors. The ETFs UK Large-Cap Equity categorization indicates its focus on established companies with significant market capitalization.

Analyzing the funds recent price action, we observe a steady uptrend, with the 20-day simple moving average (SMA20) at 5.43, the 50-day SMA at 5.50, and the 200-day SMA at 5.41. The current price of 5.60 is above these averages, indicating a bullish sentiment. The average true range (ATR) of 0.07, equivalent to 1.34%, suggests moderate volatility. Considering the 52-week high and low of 5.72 and 4.97, respectively, the current price is near the upper end of its recent range.

With assets under management (AUM) of 519.68 million EUR, the fund has a substantial presence in the market. This scale can contribute to lower trading costs and tighter bid-ask spreads, benefiting investors.

Based on the technical and fundamental data, a forecast for the SPDR FTSE UK All Share UCITS ETF GBP (Dist) can be constructed. Given the current uptrend and the funds proximity to its 52-week high, we can anticipate potential resistance at this level. If the fund can break through the 5.72 level, it may continue its upward trajectory. Conversely, a decline below the 50-day SMA at 5.50 could signal a correction. Considering the overall UK equity market and the funds tracking index, a moderate growth outlook is plausible, driven by the underlying companies performance. Therefore, a potential price target for the next quarter could be 5.80, representing a 3.57% increase from the current price.