(CG1) Amundi DAX DR - Ratings and Ratios

Amundi ETF DAX UCITS ETF DR (PA:CG1) is an exchange-traded fund that tracks the Morningstar Germany TME NR EUR index, providing investors with exposure to the German equity market. As a France-based ETF, it falls under the Germany Equity category, allowing investors to tap into the regions economic performance.

The funds investment objective is to replicate the performance of its underlying index, thereby offering a diversified portfolio of German equities. With Assets Under Management (AUM) totaling 1.206 billion EUR, the ETF demonstrates a significant presence in the market, indicating its appeal to investors seeking German equity exposure.

Analyzing the ETFs technical data, we observe that the last price is 417.60 EUR, which is below the 20-day Simple Moving Average (SMA) of 426.47 EUR, indicating a potential short-term bearish trend. However, the 50-day SMA stands at 406.54 EUR, suggesting a longer-term bullish outlook as the current price is above this average. The 200-day SMA at 375.24 EUR further supports this bullish perspective, as the ETFs price is significantly above this long-term average. The Average True Range (ATR) is 4.92 EUR, representing 1.18% of the last price, indicating moderate volatility.

Considering the fundamental and technical data, a forecast for Amundi ETF DAX UCITS ETF DR can be derived. Given the current price is near the 52-week high of 431.95 EUR and above the 50-day and 200-day SMAs, a potential short-term correction is possible due to the proximity to the 52-week high and being below the 20-day SMA. However, the long-term trend appears bullish. A prudent strategy could involve monitoring the ETFs price action around the 426.47 EUR level (20-day SMA) for potential entry or exit signals. If the ETF can break above this level and sustain it, it may indicate further upside potential. Conversely, a drop below the 406.54 EUR (50-day SMA) could signal a reversal of the longer-term bullish trend.

Investors should closely watch the ETFs price movements in relation to its moving averages and adjust their strategies accordingly. The forecast suggests a cautious optimism, with a potential for further growth if the ETF can maintain its position above key support levels.