(ELFW) Deka MSCI World - Ratings and Ratios

The Deka MSCI World UCITS ETF, traded on XETRA under the ticker symbol ELFW, is a globally diversified investment vehicle that tracks the Morningstar Global TME NR USD Index. As a Global Large-Cap Blend Equity ETF originating from Germany, it offers investors broad exposure to large-cap equities across developed markets worldwide.

Analyzing the ETFs recent price action, we observe that it is currently trading at €34.75, slightly below its 20-day Simple Moving Average (SMA) of €34.82, indicating a neutral short-term trend. However, it is above its 50-day SMA of €33.43, suggesting a positive medium-term outlook. The 200-day SMA at €35.00 acts as a resistance level. The Average True Range (ATR) of 0.40, or 1.14%, indicates moderate volatility.

With Assets Under Management (AUM) totaling €2433.31 million, the ETF demonstrates significant investor interest and liquidity. This substantial AUM also implies that the ETF is well-established and has the capacity to absorb large trades without significant price impact.

Forecasting the ETFs future performance involves analyzing both technical and fundamental data. Given the current price is near the 20-day SMA and above the 50-day SMA, a bullish crossover (where the 50-day SMA crosses above the 200-day SMA) could signal a long-term uptrend. However, the ETF needs to break through the 200-day SMA resistance at €35.00 to confirm this. If it succeeds, the next target could be the 52-week high of €38.03. Conversely, failure to break through the €35.00 resistance and a drop below the 50-day SMA could indicate a downturn, potentially testing the 52-week low of €29.73.

Fundamentally, the ETFs tracking of the Morningstar Global TME NR USD Index means its performance is tied to the global large-cap equity market. As the global economy grows, this ETF is likely to benefit from the overall upward trend in equities, driven by the performance of large-cap companies. However, global economic downturns, geopolitical tensions, or significant shifts in market sentiment could negatively impact its performance.