Deutsche Pfandbriefbank AG Stock Forecast

Weaker technical forecast for Deutsche Pfandbriefbank AG as stock downgraded to Hold/Accumulate.
(Updated on May 20, 2024)

PBB.F Signals & Forecast

The Deutsche Pfandbriefbank 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 5.56€ and 4.90€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 29.49%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Deutsche Pfandbriefbank AG stock

Deutsche Pfandbriefbank AG finds support from accumulated volume at 5.75€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 0.105€ between high and low, or 1.86%. For the last week the stock has had daily average volatility of 4.55%.

The Deutsche Pfandbriefbank AG stock is extremely overbought on RSI14 (88). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: 5.61€ (-2.74%) (This stock has high daily movements and this gives high risk. The RSI14 is 88 and this increases the risk substantially. There is a buy signal from a pivot bottom found 27 days ago.)

Trading Expectations (PBB.F) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Deutsche Pfandbriefbank AG to open at 5.73€, and during the day (based on 14 day Average True Range), to move between 5.56€ and 5.97€, which gives a possible trading interval of +/-0.201€ (+/-3.48%) up or down from last closing price. If Deutsche Pfandbriefbank AG takes out the full calculated possible swing range there will be an estimated 6.97% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 5.75€, some 0.0200€ (0.35%) from the current price of 5.77€, our system finds the risk reward attractive.

Is Deutsche Pfandbriefbank AG stock A Buy?

Deutsche Pfandbriefbank AG holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

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

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