(XESX) Xtrackers Euro Stoxx 50 - Ratings and Ratios

The Xtrackers Euro Stoxx50 UCITS ETF 1D CHF is an exchange-traded fund that tracks the Morningstar Developed Europe TME NR Index, although its more closely related to the Euro Stoxx 50 index, which comprises 50 major blue-chip stocks from the zone. As a Swiss-based ETF, it offers investors exposure to the Eurozones largest and most liquid stocks, denominated in CHF.

With an Assets Under Management (AUM) of approximately 5.044 billion CHF, this ETF is a significant player in the Eurozone Large-cap Equity category. Its size and liquidity make it an attractive option for investors seeking to gain broad exposure to the Eurozones major stocks.

Analyzing the ETFs recent price action, we see that its currently trading at 53.03 CHF, above its 20-day Simple Moving Average (52.58 CHF) and 50-day SMA (51..33 CHF), indicating a positive short-term trend. The 200-day SMA stands at 48.36 CHF, suggesting a longer-term uptrend. With an Average True Range (ATR) of 1.20%, the ETF is experiencing moderate volatility.

Based on the technical and fundamental data, our forecast suggests that the Xtrackers Euro Stoxx50 UCITS ETF 1D CHF will continue its upward trajectory, driven byo the ongoing recovery in the Eurozones major stocks. With the 52-week high at 54.67 CHF and the current price nearing it, we anticipate a potential breakout, targeting 56 CHF in the short term. However, investors should be cautious aware of potential pullbacks, with support levels at 51.33 CHF (50-day SMA) and 48.36 CHF (200-day SMA). A stop-loss below 48.36 CHF is recommended to limit potential losses.