(EL4A) Deka DAX - Ratings and Ratios

The Deka DAX UCITS ETF, traded on XETRA under the ticker symbol EL4A, 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 Germany Equity ETF, it is designed to replicate the performance of its underlying index, offering a diversified portfolio of German stocks.

From a technical analysis perspective, the ETFs price is currently at 206.60 EUR, below its 20-day Simple Moving Average (SMA) of 210.97 EUR, indicating a potential short-term downtrend. However, it is above its 50-day SMA of 201.13 EUR and significantly above its 200-day SMA of 185.61 EUR, suggesting a longer-term uptrend. The Average True Range (ATR) is 2.40 EUR, or 1.16% of the current price, indicating moderate volatility. The ETF has reached a 52-week high of 213.65 EUR and a low of 153.12 EUR, showing its price range over the past year.

Fundamentally, the ETF has Assets Under Management (AUM) of 1292.87 million EUR, indicating a sizable presence in the market. This suggests that the ETF is liquid and can be easily bought or sold without significantly affecting its price.

Using both technical and fundamental data, a forecast for the Deka DAX UCITS ETF can be made. Given its current price position relative to its SMAs and its AUM, the ETF is likely to continue its longer-term uptrend, albeit with potential short-term fluctuations. If the ETF can break above its 20-day SMA and sustain the move, it could be a bullish signal, potentially driving the price towards the 52-week high. Conversely, failure to break above this resistance level could lead to a consolidation or slight pullback. Investors should monitor the ETFs price action relative to its SMAs and the overall market conditions to make informed decisions.