HLAL stock forecast, quote, news & analysis
The investment seeks to track the total return performance, before fees and expenses, of the FTSE Shariah USA Index... Show more
Wahed FTSE USA Shariah ETF (HLAL) ETF Analysis: A Tech-Heavy, Shariah-Compliant Core Equity Allocation
Key Takeaways
- HLAL tracks the FTSE Shariah USA Index, a principles-screened, market-cap-weighted basket of roughly 200 U.S. large- and mid-cap equities that comply with Islamic (Shariah) investment principles.
- Portfolio exposure is heavily concentrated in technology (about 56%), with meaningful weightings in communication services and healthcare, and zero allocation to financials.
- Over the trailing 30 days the fund has pulled back roughly 4.4%, while it remains modestly higher—approximately 2.3%—over the trailing quarter, reflecting a range-bound, tech-led trend.
- Index giants NVIDIA, Apple, and Microsoft dominate returns, making the fund highly sensitive to mega-cap technology leadership and semiconductor momentum.
- The fund is passively managed and non-diversified, with a net expense ratio of 0.50% and inception in July 2019.
- For deeper, data-driven insight, visit the dedicated Price Targets and Forecast pages to explore ticker-specific analytics and projections.
- Discover additional ideas and market signals by exploring Trending AI Robots.
Wahed FTSE USA Shariah ETF (HLAL) Overview
The Wahed FTSE USA Shariah ETF (HLAL) is a passively managed exchange-traded fund that seeks to track the total return performance of the FTSE Shariah USA Index. That benchmark selects common stocks of large- and mid-capitalization U.S. companies whose characteristics meet Shariah requirements and are consistent with Islamic principles as interpreted by subject-matter experts. At least 80% of the fund's assets are typically invested in index components.
The fund holds approximately 200 securities and is considered non-diversified, meaning a larger share of assets can be concentrated in a limited number of issuers. Its largest positions include NVIDIA (NVDA), Apple (AAPL), and Microsoft (MSFT), followed by Alphabet (GOOGL), Broadcom (AVGO), Meta Platforms (META), Micron Technology (MU), Tesla (TSLA), and Advanced Micro Devices (AMD). Technology represents more than half of the portfolio, communication services about 14%, and healthcare roughly 10%, with smaller stakes in industrials, energy, and consumer discretionary. Financials are effectively excluded because the Shariah screen removes interest-based businesses. The fund carries a net expense ratio of 0.50%.
Industry and Thematic Landscape
HLAL operates at the intersection of two broad themes: a mega-cap, technology-led U.S. equity tilt and Shariah-compliant (Islamic) screening. Because conventional banks, insurers, and many leveraged financial firms are excluded under Shariah guidelines, the fund structurally overweights the information technology and communication services sectors that dominate the modern U.S. large-cap benchmark.
The current market environment remains shaped by investor focus on artificial intelligence infrastructure, semiconductor demand, and the earnings durability of the largest platform and cloud companies. Interest-rate expectations and inflation trends continue to influence valuations for long-duration growth stocks, while periodic sector rotation between technology leadership and value-oriented cyclical areas can drive near-term volatility in a fund with this level of concentration. These macroeconomic and thematic forces, rather than idiosyncratic fund events, largely determine HLAL's behavior.
Performance and Positioning Snapshot
Over the trailing 30 days, HLAL has declined roughly 4.4%, while it remains up approximately 2.3% over the trailing three-month period. The path has been range-bound rather than sharply trended: the fund traded near $75 in mid-to-late September, softened toward the low-$70s in October, and has generally held within a narrow band tied to large-cap technology momentum.
This positioning is a direct reflection of the portfolio. With NVIDIA, Apple, and Microsoft collectively accounting for more than a quarter of assets, the fund's day-to-day performance closely tracks mega-cap technology and semiconductor sentiment. Strength in AI-related chipmakers and cloud platforms has been a primary support, while profit-taking in richly valued growth names and shifts in interest-rate expectations have periodically weighed on the fund. Earnings seasons among the largest holdings, sector rotation between growth and cyclicals, and investor positioning in index-tracking products all influence short-term moves.
AI Screener
Tickeron's AI Screener is an AI-powered stock and ETF discovery platform that helps investors scan thousands of securities using technical indicators, fundamentals, volatility measures, AI-generated signals, market trends, price patterns, and customizable filters. The tool is designed to surface trending securities, breakout candidates, and new trading opportunities more efficiently than manual screening. For investors evaluating funds such as HLAL or comparing sector exposure across the equity universe, the screener offers a systematic way to filter by industry, performance characteristics, and signal strength. Explore the AI Screener to identify themes and ideas aligned with your own research process.
2026 Outlook and Key Factors to Monitor
Looking ahead, HLAL's trajectory is likely to remain tied to the structural factors governing U.S. large-cap technology. Investors should monitor the path of interest rates and inflation, as both influence the discount rates applied to high-growth earnings. The AI investment cycle, semiconductor capital spending, and the earnings momentum of the largest holdings will be central to portfolio returns, as will any broadening or narrowing of market leadership beyond mega-cap names.
Sector outlook for technology and communication services, regulatory and policy developments affecting large platforms, and capital flows into passive equity products are additional factors worth tracking. The fund's absence of financials and its concentrated mega-cap exposure create both opportunity and risk: it can outperform when technology leadership is strong, but it offers less diversification than broader benchmarks during cyclical or value-led rotations. These structural considerations, rather than short-term price moves, will likely define the fund's risk-and-return profile through 2026.
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
HLAL's RSI Indicator ascends from oversold territory
The RSI Indicator for HLAL moved out of oversold territory on November 09, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 22 similar instances when the indicator left oversold territory. In 20 of the 22 cases the stock moved higher. This puts the odds of a move higher at 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +3.45% 3-day Advance, the price is estimated to grow further. Considering data from situations where HLAL advanced for three days, in 280 of 343 cases, the price rose further within the following month. The odds of a continued upward trend are 82%.
HLAL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 14, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on HLAL as a result. In 64 of 80 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 80%.
The Moving Average Convergence Divergence Histogram (MACD) for HLAL turned negative on October 13, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 53 similar instances when the indicator turned negative. In 37 of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at 70%.
HLAL moved below its 50-day moving average on October 29, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for HLAL crossed bearishly below the 50-day moving average on October 27, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 12 of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 86%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where HLAL declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 79%.
The Aroon Indicator for HLAL entered a downward trend on November 10, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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