(XDDA) Xtrackers DAX 1D EUR - Ratings and Ratios

The Xtrackers DAX UCITS ETF 1D EUR (XETRA:XDDA) is designed to provide exposure to German equities by tracking the Morningstar Germany TME NR EUR Index. With an AUM of 6,282.67M EUR, it represents a significant investment vehicle for accessing the German market. The ETF is listed on XETRA, offering investors a liquid and efficient way to gain exposure to key German companies.

From a technical perspective, the ETF is currently trading at 10.04 EUR, with a 20-day average volume of 98,684 shares. The SMA 20 (9.73) is below the current price, while the SMA 50 (10.10) and SMA 200 (9.15) indicate a potential bullish trend emerging. The ATR of 0.24 reflects moderate volatility, suggesting manageable risk levels for short-term traders.

3-Month Forecast: Based on the current technical and fundamental data, the ETF is expected to maintain its bullish momentum in the near term. The SMA 50 crossing above the SMA 200 suggests strong support at the 9.15 EUR level, with resistance likely at 10.50 EUR. With an ATR of 0.24, price fluctuations are expected to remain within a 0.48 EUR range over the next three months. If market conditions remain stable, the ETF could trade sideways to slightly upward, targeting the 10.50 EUR resistance level.