(DAXEX) iShares Core DAX (DE) - Ratings and Ratios

The iShares Core DAX® UCITS ETF (DE) EUR (Acc) CHF, traded as DAXEX on the Swiss market, is an exchange-traded fund that tracks the Morningstar Germany TME NR EUR index, providing investors with exposure to a broad spectrum of German equities. This ETF is designed for investors seeking to tap into the German equity market, which is known for its strong presence of industrial and automotive companies.

From a technical analysis perspective, the ETF is currently priced at 181.28 CHF, indicating a recent pullback from its 20-day Simple Moving Average (SMA) of 185.87 CHF. The 50-day SMA stands at 177.56 CHF, suggesting that the ETF has been in an uptrend. The long-term trend is also positive, as evidenced by the 200-day SMA at 164.63 CHF, significantly lower than the current price. The Average True Range (ATR) of 2.01 CHF, or 1.11% of the current price, indicates moderate volatility. Given the current technical setup, with the ETF price above its 50-day and 200-day SMAs, the outlook appears bullish, suggesting potential for further gains.

Fundamentally, the iShares Core DAX® UCITS ETF (DE) EUR (Acc) CHF boasts an Assets Under Management (AUM) of approximately 5,933,931 million CHF, making it a substantial and liquid investment vehicle. This significant AUM indicates a high level of investor confidence and trust in the ETF, reflecting its attractiveness as a investment option for those looking to gain exposure to the German equity market.

Combining both technical and fundamental analyses, a forecast for the iShares Core DAX® UCITS ETF (DE) EUR (Acc) CHF appears cautiously optimistic. Technically, the ETF is in a favorable uptrend, and fundamentally, it benefits from a large and committed investor base. Assuming the German economy continues on its growth trajectory, supported by its strong industrial base, and given the ETFs diversified exposure to this market, it is plausible that the ETF could continue its upward trend, potentially reaching or surpassing its 52-week high of 189.20 CHF within a reasonable timeframe. However, investors should remain vigilant to changes in market volatility and economic indicators that could impact the ETFs performance.