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DAX
ETF ticker: NASDAQ
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54.27M

DAX Global X DAX Germany ETF Forecast, Technical & Fundamental Analysis

Category Miscellaneous
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for DAX with price predictions
07:00 PM EST Dec 07, 2023

DAX in upward trend: 10-day moving average crossed above 50-day moving average on November 14, 2023

The 10-day moving average for DAX crossed bullishly above the 50-day moving average on November 14, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 01, 2023. You may want to consider a long position or call options on DAX as a result. In of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for DAX just turned positive on November 01, 2023. Looking at past instances where DAX's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .

DAX moved above its 50-day moving average on November 10, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DAX advanced for three days, in of 329 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 259 cases where DAX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 17 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 22 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

DAX broke above its upper Bollinger Band on November 14, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Merck & Co (NASDAQ:MRK).

Industry description

The investment seeks to provide investment results that closely correspond, before fees and expenses, generally to the price and yield performance of the DAX® Index. The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The index tracks the segment of the largest and most actively traded companies - known as blue chips - on the German equities market. The fund is non-diversified.

Market Cap

The average market capitalization across the Global X DAX Germany ETF ETF is 55.65B. The market cap for tickers in the group ranges from 64.65K to 253.86B. MRK holds the highest valuation in this group at 253.86B. The lowest valued company is BAYN at 64.65K.

High and low price notable news

The average weekly price growth across all stocks in the Global X DAX Germany ETF ETF was 1%. For the same ETF, the average monthly price growth was 11%, and the average quarterly price growth was 5%. HEI experienced the highest price growth at 2%, while BNR experienced the biggest fall at -7%.

Volume

The average weekly volume growth across all stocks in the Global X DAX Germany ETF ETF was -2%. For the same stocks of the ETF, the average monthly volume growth was -4% and the average quarterly volume growth was 17%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 60
P/E Growth Rating: 48
Price Growth Rating: 53
SMR Rating: 66
Profit Risk Rating: 49
Seasonality Score: 0 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Miscellaneous

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Fundamentals
Details
Category
Miscellaneous Region
Address
Global X Funds600 Lexington Avenue, 20th FloorNew York
Phone
+1 8884938631
Web
www.globalxfunds.com
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Correlation & Price change

A.I.dvisor indicates that over the last year, DAX has been closely correlated with EWU. These tickers have moved in lockstep 81% of the time. This A.I.-generated data suggests there is a high statistical probability that if DAX jumps, then EWU could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DAX
1D Price
Change %
DAX100%
+0.47%
EWU - DAX
81%
Closely correlated
+0.25%
EWA - DAX
76%
Closely correlated
+0.35%
EWC - DAX
73%
Closely correlated
+0.40%
BBCA - DAX
72%
Closely correlated
+0.38%
EWY - DAX
58%
Loosely correlated
+0.58%