(DAXEX) iShares Core DAX (DE) - Ratings and Ratios

The iShares Core DAX® UCITS ETF (DE) EUR (Acc) CHF (SW:DAXEX) is a Switzerland-domiciled exchange-traded fund designed to track the performance of the Morningstar Germany TME NR EUR Index. This index focuses on large-cap German equities, offering exposure to key sectors driving the German economy. The fund is structured for capital accumulation, reinvesting dividends to enhance long-term growth potential.

From a technical perspective, the ETF shows a bullish trend, with its last price of 179.00 exceeding both its 20-day (177.87) and 50-day (169.81) simple moving averages. The 200-day SMA of 154.07 further underscores the upward momentum. However, the Average True Range (ATR) of 2.36 indicates moderate volatility, suggesting cautious trading activity. The average 20-day volume of 1,357 shares highlights limited liquidity, which may impact execution efficiency.

Fundamentally, the ETF currently reports an Assets Under Management (AUM) of 0.00M CHF, indicating a small or newly launched fund. This may reflect limited investor interest or a niche market focus. Despite this, the funds alignment with the Morningstar Germany TME NR EUR Index ensures transparency and adherence to its investment mandate.

3-Month Forecast: Based on the current technical and fundamental data, the ETF is expected to maintain its upward trajectory, supported by the strong momentum indicated by its SMA levels. However, the low AUM and average volume may pose challenges in maintaining liquidity. The ATR of 2.36 suggests that price fluctuations will remain moderate, providing a relatively stable environment for investors. Overall, the ETF is likely to continue reflecting the performance of the underlying German large-cap equities, with potential for further growth aligned with broader market conditions.