(XDWD) db x-trackers MSCI World - Ratings and Ratios

The db x-trackers MSCI World Index UCITS DR1C ETF, traded on XETRA under the ticker symbol XDWD, is a German-originated exchange-traded fund that tracks the Morningstar Global TME NR USD index, providing investors with exposure to global large-cap blend equities.

With a substantial Assets Under Management (AUM) of approximately €7.334 billion, this ETF is a significant player in the global large-cap equity market. Its investment objective is to replicate the performance of its underlying index, which comprises a broad range of developed market equities.

Analyzing the ETFs recent price action, we observe that the last price is €109.89, slightly above its 20-day Simple Moving Average (SMA) of €109.08, indicating a potential bullish trend. The 50-day SMA stands at €104.67, further supporting the positive momentum. However, the 200-day SMA at €109.48 is almost at parity with the last price, suggesting a potential resistance level. The Average True Range (ATR) is €1.38, representing a 1.25% daily volatility, which is relatively moderate.

Based on the technical and fundamental data, our forecast suggests that XDWD may continue its upward trajectory, driven by its strong AUM and the overall positive trend in global equities. We anticipate that the ETF may test its 52-week high of €118.96 in the near term, provided that the global economic conditions remain favorable. Conversely, a decline below the 50-day SMA of €104.67 could signal a potential reversal, with the 52-week low of €93.22 being a key support level to watch.

Investors should closely monitor the ETFs price action and adjust their strategies accordingly. A break above the 200-day SMA could lead to further upside, while a failure to sustain the current levels may result in a pullback.