(EL4F) Deka DAX (ausschüttend) - Ratings and Ratios

The Deka DAX (ausschüttend) UCITS ETF is a Germany Equity ETF that tracks the Morningstar Germany TME NR EUR index, providing investors with exposure to the German equity market. With a ticker symbol of EL4F, it is listed on the XETRA exchange.

From a technical analysis perspective, the ETFs price action indicates a potential reversal. The current price of 88.17 is below the 20-day Simple Moving Average (SMA) of 90.13, suggesting a short-term downtrend. However, the 50-day SMA of 87.33 is slightly below the current price, indicating a potential support level. The long-term trend remains bullish, as the 200-day SMA of 80.19 is significantly lower than the current price. The Average True Range (ATR) of 1.08, equivalent to 1.22%, suggests moderate volatility.

Fundamentally, the ETF has a substantial Assets Under Management (AUM) of 827.20 million EUR, indicating a reasonable level of liquidity and investor interest. As the ETF tracks the DAX index, which comprises the 30 largest and most liquid German stocks, it provides diversified exposure to the German equity market.

Combining technical and fundamental analysis, a potential forecast for the ETF is that it may experience a short-term correction, potentially testing the 50-day SMA support level. However, if the long-term trend continues, the ETF may eventually break above the 52-week high of 91.83, driven by the overall performance of the German equity market. Investors should monitor the ETFs price action and adjust their strategies accordingly.

Based on the available data, a potential trading strategy could involve buying the ETF on a dip towards the 50-day SMA, with a target price above the 52-week high, and a stop-loss below the 200-day SMA to limit potential losses. However, this strategy should be evaluated in the context of individual investor goals and risk tolerance.