(EL4X) Deka DAXplus Maximum - Ratings and Ratios

The Deka DAXplus Maximum Dividend UCITS ETF, traded on XETRA under the ticker symbol EL4X, is an investment vehicle designed to track the Morningstar Germany TME NR EUR index. As a Germany Equity ETF, it is tailored for investors seeking exposure to the German equity market with a focus on dividend yields.

By tracking the Morningstar Germany TME NR EUR index, the ETF aims to provide a return that corresponds to the indexs performance, which is comprised of German stocks with a history of high dividend payments. This makes it an attractive option for income-seeking investors. The ETFs structure as a UCITS (Undertakings for the Collective Investment in Transferable Securities) compliant fund ensures a certain level of regulatory oversight and investor protection, making it accessible to a broad range of investors.

Analyzing the ETFs recent price movements, we observe that it has been trending upwards, as indicated by its last price of 56.94 EUR, which is above both its 20-day (54.27 EUR) and 50-day (55.56 EUR) Simple Moving Averages (SMA). The 200-day SMA at 52.90 EUR further supports the notion of an overall upward trend. The Average True Range (ATR) of 1.01 EUR or 1.78% suggests a moderate level of volatility, indicating that while the ETF is not excessively risky, it does experience some price fluctuations.

With Assets Under Management (AUM) of 289.27 million EUR, the ETF has a significant presence in the market, suggesting a reasonable level of liquidity for investors. This size, combined with its listing on XETRA, a major European exchange, facilitates relatively easy buying and selling.

Forecasting the ETFs future performance involves analyzing both its technical and fundamental data. Given its current trend and the fact that it is near its 52-week high of 58.92 EUR, there is potential for further growth if the German equity market continues to perform well and dividend yields remain attractive. However, its proximity to the 52-week high also suggests that there might be limited upside before encountering resistance. A potential target could be a break through the 52-week high, potentially driven by sustained investor interest in high-dividend stocks. Conversely, a decline below its 50-day SMA could signal a potential sell-off, with the 200-day SMA serving as a significant support level. Therefore, a cautious approach, monitoring both technical indicators and broader market conditions, is advisable.