(EXX7) iShares Nikkei 225 (DE) - Ratings and Ratios

The iShares Nikkei225 UCITS ETF (DE) is a German-based exchange-traded fund that tracks the Morningstar Japan TME NR JPY index, providing investors with exposure to the Japanese large-cap equity market. With a focus on replicating the performance of the underlying index, this ETF offers a diversified portfolio of prominent Japanese companies.

From a technical analysis perspective, the ETFs price action indicates a relatively stable trend, with the short-term Simple Moving Average (SMA20) at 23.18, closely aligned with the last price of 23.19. The medium-term SMA50 at 22.41 suggests a potential support level, while the long-term SMA200 at 23.51 indicates a slightly higher average price over the past year. The Average True Range (ATR) of 0.27, equivalent to 1.17%, implies moderate daily price volatility. Given these technical indicators, a potential trading range could be between 22.50 and 24.00, with a breakout above 24.00 potentially targeting the 52-week high of 25.00.

Fundamentally, the iShares Nikkei225 UCITS ETF (DE) boasts an impressive Assets Under Management (AUM) of approximately 28.25 billion EUR, indicating significant investor interest and liquidity. As the ETF is designed to mirror the Morningstar Japan TME NR JPY index, its performance is closely tied to the overall Japanese equity market, which is influenced by factors such as economic growth, monetary policy, and global trade dynamics.

Combining technical and fundamental insights, a potential forecast for the iShares Nikkei225 UCITS ETF (DE) could be: if the ETF breaks above the 24.00 level and sustains its momentum, it may continue to rise towards the 52-week high of 25.00, driven by a potential strengthening of the Japanese economy and favorable market sentiment. Conversely, a decline below the SMA50 at 22.41 could signal a potential correction, potentially targeting the 52-week low of 19.84. Investors should closely monitor the ETFs price action, as well as broader market trends, to make informed investment decisions.