(EL4G) Deka EURO STOXX Select - Ratings and Ratios

The Deka EURO STOXX Select Dividend30 UCITS ETF is a German-originated exchange-traded fund that tracks the Morningstar Developed Eurozone TME NR EUR Index, providing investors with exposure to Eurozone large-cap equities. The funds investment objective is to replicate the performance of the underlying index, which comprises 30 high-dividend-yielding stocks from the Eurozone.

From a technical analysis perspective, the ETFs price action indicates a bullish trend, with the short-term Simple Moving Averages (SMA20 and SMA50) positioned above the long-term SMA200, suggesting a potential continuation of the uptrend. The Average True Range (ATR) is relatively low at 1.53%, indicating moderate volatility. Given the current price at €20.08, near the 52-week high, and the SMA20 at €19.17, a potential support level, we can expect the price to either consolidate or continue its upward trajectory.

Fundamentally, the ETF has €165.50 million in Assets Under Management (AUM), indicating a moderate level of investor interest. Considering the funds focus on high-dividend-yielding stocks, it is likely to attract income-seeking investors. The Eurozones economic environment, monetary policy, and dividend yield trends will be crucial in determining the ETFs future performance.

Combining technical and fundamental analysis, a forecast for the Deka EURO STOXX Select Dividend30 UCITS ETF suggests that if the Eurozone economy remains stable, with continued dividend payments from constituent stocks, and if the overall market sentiment remains positive, the ETFs price could potentially reach €21.50 within the next 6-12 months, representing a 7% upside from the current price. However, any significant downturn in the Eurozone market or a decrease in dividend yields could lead to a correction, potentially testing the €18.50 support level.