(EXIA) iShares DAX ESG (DE) - Ratings and Ratios

The iShares DAX ESG UCITS ETF (DE) is an exchange-traded fund listed on the XETRA exchange, tracking the Morningstar Germany TME NR EUR index. This ETF provides investors with exposure to German equities that meet certain environmental, social, and governance (ESG) criteria.

As a Germany Equity ETF, it is designed to capture the performance of the German market, focusing on companies that adhere to ESG principles. The funds underlying index is constructed to reflect the performance of German companies that demonstrate strong ESG characteristics, making it an attractive option for investors seeking to align their investments with their values.

Analyzing the ETFs recent price action, we observe that it is currently trading at €7.50, above its 20-day simple moving average (SMA) of €7.22 and 50-day SMA of €7.12. The 200-day SMA stands at €6.59, indicating a longer-term uptrend. The average true range (ATR) is €0.15, representing a daily volatility of 1.98%. Given the current price is at its 52-week high, it suggests a strong upward momentum.

With assets under management (AUM) of €77.19 million, the fund has a reasonable size, suggesting it is accessible to a broad range of investors without being overly concentrated. The relatively modest AUM also implies potential for growth, as it is not too large to limit its ability to maneuver within its investment universe.

Forecasting the ETFs future performance involves analyzing both technical and fundamental data. Given the ETFs current price is at its 52-week high and above its short to medium-term moving averages, it indicates a positive trend. However, the ATR suggests that there is still volatility to be expected. From a fundamental perspective, the focus on ESG criteria may attract more investors in the long term, as ESG investing continues to gain popularity. Assuming the German equity market continues to perform well and ESG-focused investments remain in favor, we can forecast a potential target price of €8.00 within the next 6 to 12 months, representing a 6.67% increase from the current price. This forecast is contingent on the ETFs ability to maintain its current momentum and the overall positive sentiment towards ESG investments.