Price: €219.65
· 1 day: +1.17% · 5 days: +0.73% · 1 month: +5.40% · YTD: +8.18%
As of 2026-11-11 16:35 UTC.
52-week range: €180.9 – €219.9 (currently at 99% of the range).
EXS1.DE is in an uptrend, momentum firm. €225 is the level overhead; €219.22 the first support below.
6 of 6 technical checks lean bullish.
| Trend | Uptrend · above 50-day & 200-day |
|---|---|
| Momentum | RSI 62.9 · MACD bullish |
| Trend strength | ADX 16.7 · weak or range |
| Location | +4.2% vs 50-day MA |
| 52-week range | +0% from high · +19% from low |
| Volatility | ATR 3.22 · ~1.5%/day |
| Level | Type | Distance |
|---|---|---|
| €225.0 (resistance) | round | 2.44% |
| €250.0 (resistance) | round | 13.82% |
| €219.22 (support) | swing zone | -0.2% |
| €212.6 (support) | swing zone | -3.21% |
| €210.84 (support) | sma 50 | -4.01% |
Tracks: DAX (^GDAXI).
| RSI (14) | 62.85 | MACD | 2.094 |
|---|---|---|---|
| ADX (14) | 16.7 | ATR (14) | 3.22 |
| 50-day average | €210.84 | 200-day average | €205.95 |
Report of 2026-11-11.
EXS1.DE closed at EUR 218.6 on November 10, barely below its 52‑week high of EUR 218.95 and still above the 40‑week average, keeping the daily trend in line with a weekly uptrend that has out‑performed the S&P 500 by 5.4% over the past 50 days. The balance of evidence leans positive for the next two to six weeks, with medium conviction supported by a clear breakout framework and a swing‑zone support at EUR 212.6. A close above EUR 218.95 on volume above the 20‑day average would trigger the first target at EUR 225, while the longer target at EUR 250 remains viable under the current risk‑reward math.
The ETF tracks the DAX, Germany's blue‑chip index, and its recent move reflects a broader shift in European equity sentiment. The DAX has been trading above its 10‑week and 40‑week averages, indicating that the underlying basket of large‑cap German stocks is in a sustained uptrend. The daily price action on November 10 showed a modest 0.69% gain, while the 5‑day return of 0.25% outperformed the S&P 500’s 5‑day decline of –0.59%, underscoring the relative strength of the German market segment.
There were no specific news items that drove the latest price action; the move appears to be a continuation of the technical momentum that has built over the past month. The ETF’s price is up 4.89% over the last month and 8.84% over the past six months, well ahead of the broader market’s 1‑month decline of –3.68% and still trailing the S&P 500’s year‑to‑date gain of 9.97%. This divergence suggests that the DAX basket is benefiting from sector‑specific factors—such as stronger industrial earnings and a more favourable euro—while the broader U.S. market faces valuation pressure.
Both sides of the debate recognize the technical strength. Proponents point to the ETF’s price staying above the 50‑day SMA of EUR 210.82 and the 200‑day SMA of EUR 205.94, as well as an RSI of 61.4 that signals continued buying pressure without being overbought. Critics note the volume on the day was 92.9% below its 20‑day average, indicating that the rally may be thinly supported and vulnerable to a pull‑back if buying interest wanes. Nonetheless, the swing‑zone support at EUR 212.6 remains intact, and the first crack point at the same level has not been breached.
There is no analyst consensus or target range published for the ETF, so valuation arguments are limited to price‑relative performance. The 5‑day outperformance versus the S&P 500 (+0.84% absolute, +5.4% relative) is the strongest quantitative argument for the bullish case, while the low volume and the proximity to the 52‑week high provide the primary counterpoint.
On the long‑term view, the ETF remains in an uptrend that is comfortably above its 40‑week average and well within the upper half of its 52‑week range (18.5% above the low). The swing‑zone support at EUR 212.6 and the 50‑day SMA at EUR 210.82 together form a solid base, indicating that the underlying DAX constituents are still holding higher valuations. The weekly trend continues to lead the S&P 500, reinforcing the thesis that German large‑caps are outperforming global peers.
Looking ahead to the next two to six weeks, the balance of evidence leans positive. The assessment calls for a bullish stance with medium conviction, based on two of four conviction points: the daily trend aligning with the weekly uptrend and the 5‑day outperformance of +5.4% versus the S&P 500. The breakout math meets a 3‑to‑1 reward‑to‑risk ratio, with a first target at EUR 225 (RR 0.8) and a second target at EUR 250 (RR 4.3). The primary risk is a break below the swing‑zone support at EUR 212.6, which would invalidate the current bullish picture.
The strongest case against the bullish reading is the sharply reduced volume, 92.9% below the 20‑day average, which could signal that the price rise is not backed by strong buying. Additionally, the price sits only 0.16% below the 52‑week high, leaving little upside before hitting the first resistance level. These factors keep conviction at medium rather than high.
The structure holds above the swing‑zone support at EUR 212.6; a close below this level would be the first sign that the uptrend is weakening. The trend would be considered ended if the price falls beneath the 50‑day SMA at EUR 210.82, as defined by a weekly close below that average.
The breakout level is the 52‑week high at EUR 218.95. A daily close above this level on volume exceeding the 20‑day average would satisfy the breakout criteria. The math then gives a first target of EUR 225 (round level) with a reward‑to‑risk of 0.8, and a longer target of EUR 250 with a reward‑to‑risk of 4.3. The stop is set at EUR 211.8, derived from the swing‑zone support less a quarter of the ATR (3.21 × 0.25 ≈ 0.8). Because the reward‑to‑risk for the first target is below 1, the trade would only be attractive if the price moves decisively above the breakout level.
A weekly close below the 50‑day SMA at EUR 210.82 would trigger a picture change, indicating that the weekly trend has turned negative. The non‑price factor that could alter the outlook is a significant shift in euro‑zone monetary policy, such as an unexpected rate hike that would pressure German equities and, by extension, the ETF.
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