Deutsche Bank Aktiengesellschaft Stock Forecast

Red day on Friday for Deutsche Bank Aktiengesellschaft
(Updated on May 10, 2024)

DBK.F Signals & Forecast

The Deutsche Bank Aktiengesellschaft 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 14.99€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -4.69%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Deutsche Bank Aktiengesellschaft stock

Deutsche Bank Aktiengesellschaft finds support from accumulated volume at 15.10€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.186€ between high and low, or 1.17%. For the last week, the stock has had daily average volatility of 1.85%.

Our recommended stop-loss: 15.28€ (-3.74%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (DBK.F) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Deutsche Bank Aktiengesellschaft to open at 15.92€, and during the day (based on 14 day Average True Range), to move between 15.46€ and 16.30€, which gives a possible trading interval of +/-0.418€ (+/-2.63%) up or down from last closing price. If Deutsche Bank Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 5.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 16.04€ (1.05%) than the support at 15.10€ (4.87%), 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.

Is Deutsche Bank Aktiengesellschaft 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 Aktiengesellschaft stock to perform well in the short-term.

Current score: 3.220 Buy Candidate Unchanged

Predicted Opening Price for Deutsche Bank Aktiengesellschaft of Monday, May 13, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.