(ASWA) European Green Deal - Ratings and Ratios

The European Green Deal UCITS ETF (Ticker: ASWA) is a Germany-domiciled exchange-traded fund listed on XETRA. It falls under the Europe Large-Cap Blend Equity category, tracking the performance of large-cap companies across Europe. The fund is designed to align with the European Green Deal initiative, focusing on sustainability and environmental responsibility.

From a technical standpoint, ASWA has shown moderate trading activity, with an average 20-day volume of 1,025 shares. The last price recorded was 6.96 EUR, slightly below the 20-day simple moving average (SMA) of 7.21. The 50-day SMA stands at 7.03, while the 200-day SMA is 7.15, indicating a recent dip below the longer-term trendline. The Average True Range (ATR) of 0.09 reflects low volatility, suggesting stable price movements.

In terms of fundamental data, the ETF has assets under management (AUM) of 9.35 million EUR, indicating a modestly sized fund. This scale allows for targeted exposure to the European Green Deal theme without excessive market impact. The funds underlying index, the Morningstar DM Eur TME NR EUR, provides a benchmark for performance measurement.

3-Month Forecast: Based on the current technical and fundamental data, ASWA is expected to trade within a narrow range, supported by its low ATR of 0.09. The 20-day SMA (7.21) and 50-day SMA (7.03) suggest a potential sideways trend, with resistance near the 200-day SMA (7.15). The funds alignment with the European Green Deal may attract incremental inflows, though its AUM of 9.35M EUR indicates limited capacity for significant growth in the near term.

Additional Information: For more details, visit http://www.hanetf.com. The fund tracks the Morningstar DM Eur TME NR EUR index.