(EXS1) iShares Core DAX (DE) - Ratings and Ratios

The iShares Core DAX UCITS ETF (DE) EUR (Acc) is an exchange-traded fund that tracks the Morningstar Germany TME NR EUR index, providing investors with exposure to the German equity market. The fund is listed on the XETRA exchange under the ticker symbol EXS1.

As a Germany Equity ETF, it is designed to replicate the performance of the underlying index, which comprises a broad range of German stocks. The funds investment objective is to provide long-term capital appreciation by investing in a diversified portfolio of German equities.

With Assets Under Management (AUM) of approximately €6.27 billion, the fund is one of the largest and most liquid ETFs in the German equity market. This significant AUM indicates a high level of investor confidence and suggests that the fund is well-established and widely recognized.

Analyzing the technical data, we can see that the funds price has been trending upwards, with the short-term Simple Moving Average (SMA20) at €198.62 and the long-term SMA200 at €174.02. The current price of €201.55 is close to the 52-week high of €201.65, indicating a strong uptrend. The Average True Range (ATR) of 2.49, or 1.24%, suggests moderate volatility.

Based on the technical and fundamental data, our forecast is that the iShares Core DAX UCITS ETF (DE) EUR (Acc) will continue to trend upwards in the short-term, potentially reaching €210-€215 in the next 6-12 months, driven by the ongoing recovery in the German economy and the overall positive sentiment in the European equity market. However, investors should be cautious of potential volatility and monitor the funds price action closely.