(ENOA) BNP Paribas Easy MSCI North - Ratings and Ratios

BNP Paribas Easy MSCI North America ESG Filtered Min TE UCITS ETF Cap (XETRA: ENOA) is an exchange-traded fund designed to track the performance of large- and mid-cap companies in the United States and Canada, adhering to ESG (Environmental, Social, and Governance) criteria. The fund is part of the BNP Paribas Asset Management lineup, leveraging Morningstar’s US Large-Mid NR USD Index as its benchmark. It is structured as a UCITS-compliant ETF, making it accessible to European investors seeking exposure to North American equities with a sustainability focus.

From a technical standpoint, ENOA has shown moderate trading activity, with an average 20-day volume of 11,091 shares. The last price of 25.78 EUR indicates a slight dip below its short-term moving averages, with the SMA 20 and SMA 50 at 26.49 and 26.39, respectively. The SMA 200 at 24.20 suggests the fund has been trading above its long-term average, indicating potential support at that level. The ATR of 0.26 reflects low volatility, making it suitable for risk-averse investors.

The fund’s assets under management (AUM) stand at 244.39 million EUR, indicating a sizeable investor base. This AUM level is sufficient to ensure liquidity while avoiding the challenges associated with overly large ETFs. The inclusion of ESG criteria ensures that the fund excludes companies involved in controversial activities, aligning with growing investor demand for sustainable investments.

Based on the provided data, ENOA is expected to remain range-bound over the next three months, with support at 24.20 (SMA 200) and resistance at 26.50 (SMA 20). The low ATR of 0.26 suggests minimal price fluctuations, with potential sideways movement. If global equity markets stabilize, the fund could test the upper end of its recent range, driven by its ESG focus and moderate liquidity. However, if broader market weakness persists, ENOA may face headwinds, trading closer to its SMA 200 level.