(EXS3) iShares MDAX (DE) - Ratings and Ratios

The iShares MDAX UCITS ETF (DE) (XETRA:EXS3) is an exchange-traded fund that tracks the MDAX index, which comprises mid-cap German companies. This ETF provides investors with diversified exposure to the German mid-cap market, allowing them to tap into the growth potential of smaller and mid-sized companies in Germany.

From a technical analysis perspective, the ETFs price is currently at 245.65 EUR, slightly below its 20-day simple moving average (SMA) of 250.00 EUR, indicating a potential short-term bearish trend. However, the 50-day SMA at 237.82 EUR and 200-day SMA at 224.85 EUR suggest a longer-term bullish trend. The average true range (ATR) is 3.44 EUR, or 1.40%, indicating moderate volatility. Given the current technical setup, a potential trading range between 240 EUR and 255 EUR can be expected.

Fundamentally, the ETF has a substantial assets under management (AUM) of 1115.08 million EUR, indicating a decent level of investor interest and liquidity. As the ETF tracks the MDAX index, its performance is closely tied to the overall health of the German mid-cap market, which is influenced by factors such as the European economy, industrial production, and consumer demand.

Combining technical and fundamental analysis, a forecast for the iShares MDAX UCITS ETF (DE) can be derived. Given the current price is near the lower end of its 52-week range (197.70 EUR - 255.00 EUR) and the longer-term SMA indicators are bullish, there is potential for the ETF to move towards the upper end of this range. If the German mid-cap market continues to perform well, driven by a strong European economy, the ETF could potentially reach 260 EUR in the next 6-12 months. Conversely, if the market experiences a downturn, the ETF could fall back to its 52-week low. Therefore, a cautious bullish stance is recommended, with a target price of 260 EUR and a stop-loss around 230 EUR.