(EL46) Deka MSCI China ex Shares - Ratings and Ratios

The Deka MSCI China ex A Shares UCITS ETF (XETRA:EL46) is an exchange-traded fund that tracks the Morningstar China TME NR USD index, providing investors with exposure to Chinese equities excluding A-shares. As a Germany-originated ETF, it is listed on the XETRA exchange and falls under the China Equity category.

From a technical standpoint, the ETFs price action indicates a relatively stable trend, with its 20-day and 50-day simple moving averages (SMA20 and SMA50) hovering around €8.30-8.35, slightly above the current price of €8.15. The 200-day simple moving average (SMA200) at €8.01 suggests a longer-term uptrend. The average true range (ATR) of 0.12, equivalent to 1.52%, indicates moderate volatility. Given the current price is near the lower end of its 52-week range (€6.11-€9.38), there is potential for a rebound.

Fundamentally, the ETF has €482.88 million in assets under management (AUM), indicating a reasonable level of investor interest. As the fund tracks an index focused on Chinese equities excluding A-shares, its performance is closely tied to the overall Chinese economy and market sentiment.

Combining technical and fundamental insights, a potential forecast for the ETF is that it may experience a short-term correction or consolidation around the current price level before potentially resuming its longer-term uptrend. If the Chinese economy and equity markets continue to recover or stabilize, the ETF could benefit from increased investor appetite, driving its price higher. Conversely, any significant downturn in the Chinese market could negatively impact the ETFs price. Based on the current technical indicators and fundamental data, a plausible short-term target could be around €8.50-€8.70, representing a 4-7% increase from the current price.