Deutsche Bank AG Stock Forecast
Deutsche Bank AG stock price up 0.89% on Thursday
(Updated on Apr 18, 2024)
The Deutsche Bank AG stock price gained 0.89% on the last trading day (Thursday, 18th Apr 2024), rising from $15.67 to $15.81. During the last trading day the stock fluctuated 1.79% from a day low at $15.61 to a day high of $15.89. The price has fallen in 6 of the last 10 days and is down by -0.88% for this period. Volume fell on the last day by -1 million shares and in total, 8 million shares were bought and sold for approximately $119.37 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 28.85% during the next 3 months and, with a 90% probability hold a price between $19.80 and $21.44 at the end of this 3-month period.
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DB Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -2.17%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Deutsche Bank AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $15.68 and $15.09. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Friday, October 06, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, October 06, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Deutsche Bank AG stock
Deutsche Bank AG finds support from accumulated volume at $15.67 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.280 (1.79%) between high and low. For the last week, the stock has had daily average volatility of 2.00%.
Our recommended stop-loss: $15.18 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (DB) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Deutsche Bank AG to open at $15.77, and during the day (based on 14 day Average True Range), to move between $15.51 and $16.11, which gives a possible trading interval of +/-$0.303 (+/-1.92%) up or down from last closing price. If Deutsche Bank AG takes out the full calculated possible swing range there will be an estimated 3.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.95 (0.89%) than the support at $15.67 (0.89%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Deutsche Bank AG will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.670. We will update the financials statements for Deutsche Bank AG, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.63% in the first trading day after earnings release.
Is Deutsche Bank AG stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Deutsche Bank AG stock to perform well in the short-term.
Current score: 3.569 Buy Candidate Unchanged
Predicted Opening Price for Deutsche Bank AG of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $15.77 ( 0.274%) | $15.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.05 | 1.50 % | |
| R2 | 15.94 | 0.82 % | ||
| R1 | 15.87 | 0.402 % | ||
| Current price: | 15.81 | |||
| Support | S1 | 15.66 | -0.95 % | |
| S2 | 15.59 | -1.37 % | ||
| S3 | 15.49 | -2.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.99 | 1.14 % | |
| R2 | 15.96 | 0.95 % | ||
| R1 | 15.95 | 0.89 % | ||
| Current price | 15.81 | |||
| Support | S1 | 15.67 | -0.89% | |
| S2 | 12.85 | -18.72% | ||
| S3 | 12.58 | -20.43% |
DB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | May 17, 2024 | May 21, 2024 | $0.489 | 3.10% |
| 2 | Feb 03, 2023 | May 18, 2023 | May 22, 2023 | $0.325 | 3.04% |
| 3 | May 18, 2022 | May 20, 2022 | May 24, 2022 | $0.212 | 1.95% |
| 4 | Feb 01, 2019 | May 24, 2019 | May 28, 2019 | $0.123 | 1.75% |
| 5 | Mar 05, 2017 | May 25, 2018 | May 29, 2018 | $0.129 | 1.14% |
FAQ
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