(GPIQ) Goldman Sachs Nasdaq-100 - Ratings and Ratios

The Goldman Sachs Nasdaq-100 Core Premium Income ETF (NASDAQ:GPIQ) is designed to generate income while tracking the performance of the Nasdaq-100 Index. The fund invests at least 80% of its net assets in equity securities of companies included in its benchmark, focusing on large-cap technology and growth firms. By maintaining style, capitalization, and industry characteristics similar to its benchmark, the fund aims to replicate the Nasdaq-100s sector weights and market capitalization distribution. As a non-diversified fund, it may concentrate investments in a smaller number of securities, potentially increasing volatility and sector-specific risks.

Ticker Symbol: GPIQ | Exchange: NASDAQ | Type: ETF | Country Origin: USA | ETF Category: Derivative Income

Current technical indicators suggest GPIQ is trading below its 20-day and 50-day simple moving averages (SMA), indicating bearish momentum. The 200-day SMA at 46.16 provides a key long-term support level. Average trading volume over the past 20 days is 182,925 shares, with an ATR of 0.70, reflecting moderate price movement. The funds current price of 47.59 faces resistance at 48.2, with multiple support levels at 46.7, 45.7, 44.9, 43.0, 42.2, and 41.4.

With assets under management (AUM) of $458.64 million, GPIQ operates with moderate scale, balancing liquidity and market impact. The funds structure allows for efficient trading while maintaining exposure to the Nasdaq-100s growth-oriented companies.

3-Month Forecast: Based on technical and fundamental data, GPIQ is expected to face resistance at 48.2. If the price breaks above this level, it may test the next resistance at 49.7. Failure to breach 48.2 could lead to a decline toward the support levels at 44.9 or 43.0. The strong support at 42.2 and 41.4 suggests limited downside risk in the near term.