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

The Xtrackers DAX UCITS ETF 1D EUR is an exchange-traded fund that tracks the Morningstar Germany TME NR EUR index, providing investors with exposure to the German equity market. As a Germany Equity ETF, it is designed to replicate the performance of the underlying index, allowing investors to gain broad diversification within the German market.

With a strong presence in the market, the fund has accumulated Assets Under Management (AUM) of approximately €6.28 billion, indicating a significant investor base and liquidity. The fund is managed by DWS, a reputable asset management company, as evident from their official website (http://www.dws.lu).

Analyzing the technical data, we observe that the ETFs last price is €11.02, with a 20-day Simple Moving Average (SMA) of €10.86, indicating a positive short-term trend. The 50-day SMA (€10.32) and 200-day SMA (€9.51) further reinforce this upward trend, suggesting a strong momentum in the German equity market. The Average True Range (ATR) of 0.13 (€11.02 * 1.16%) indicates moderate volatility.

Combining technical and fundamental analysis, we can forecast the ETFs future performance. Given the current upward trend, supported by the SMA indicators, and considering the funds substantial AUM, we expect the Xtrackers DAX UCITS ETF 1D EUR to continue its positive trajectory in the short term. However, its essential to monitor the overall market conditions, as the German equity market may be influenced by various macroeconomic factors. A potential target price could be €11.50, representing a 4.3% increase from the current price, based on the historical volatility and trend analysis.