Deutsche Telekom AG Stock Forecast

Deutsche Telekom AG stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on May 20, 2024)

DTE.DE Signals & Forecast

Mostly positive signals in the chart today. The Deutsche Telekom 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 22.03€ and 21.78€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.63%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, May 07, 2024 in the short-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 Telekom AG stock

Deutsche Telekom AG finds support from accumulated volume at 22.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.200€ between high and low, or 0.91%. For the last week the stock has had daily average volatility of 1.23%.

Our recommended stop-loss: 21.25€ (-4.33%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)

Trading Expectations (DTE.DE) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Deutsche Telekom AG to open at 22.19€, and during the day (based on 14 day Average True Range), to move between 21.92€ and 22.50€, which gives a possible trading interval of +/-0.288€ (+/-1.30%) up or down from last closing price. If Deutsche Telekom AG takes out the full calculated possible swing range there will be an estimated 2.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 22.28€ (0.32%) than the support at 22.00€ (0.95%), 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 Telekom AG stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Deutsche Telekom AG stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.567 Buy Candidate Upgraded

Predicted Opening Price for Deutsche Telekom AG of Tuesday, May 21, 2024

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