(EL44) Deka MSCI Japan - Ratings and Ratios

The Deka MSCI Japan UCITS ETF, traded on XETRA under the ticker symbol EL44, is a Japan Large-Cap Blend Equity ETF originating from Germany. It tracks the Morningstar Japan TME NR JPY index, providing investors with exposure to a broad spectrum of Japanese large-cap stocks.

Analyzing the ETFs technical indicators, we observe a relatively stable price action around the €10 level. The short-term Simple Moving Average (SMA20) at €10.36 is slightly above the current price, indicating a potential resistance level. Meanwhile, the SMA50 at €10.04 serves as a support level, having been above the SMA200 at €10.22 recently, suggesting a possible bullish crossover in the near future. The Average True Range (ATR) of 0.10, equivalent to 1.02%, indicates moderate volatility. The 52-week high and low range of €10.74 to €8.93 suggests that the ETF has experienced a significant price swing over the past year.

From a fundamental perspective, the ETFs Assets Under Management (AUM) stand at approximately €8.93 billion, indicating a substantial investor base and liquidity. This significant AUM suggests that the ETF is well-established and capable of absorbing large trades without significant price impacts.

Forecasting the ETFs future performance based on the provided technical and fundamental data, we can infer that the Deka MSCI Japan UCITS ETF is poised for potential growth. The bullish crossover indicated by the SMA50 and SMA200, combined with the ETFs substantial AUM and the overall trend in the Japanese large-cap equity market, suggests a positive outlook. However, investors should be cautious of the moderate volatility indicated by the ATR. A potential target price could be the 52-week high of €10.74, assuming the bullish trend continues. Conversely, a drop below the SMA50 at €10.04 could signal a bearish reversal, with the 52-week low of €8.93 as a potential support level.