Deutsche Bank: the slide slows, ADX climbs
Deutsche Bank eases 0.8% as the decline slows and ADX gains conviction
Deutsche Bank: the slide slows, ADX climbs
Our view last week
Deutsche Bank stock stays in consolidation: after the rally two weeks ago, the stock slips another 1.6%, with sellers a touch stronger on the daily volume. Price, though, stays boxed between two technical levels close together, in the 30.8-31 area, while the daily chart builds a sequence of 3 higher lows from 29 toward 31. The ADX is rising: the trend is gaining conviction just as price catches its breath.
This week's summary
Deutsche Bank's slide is losing steam: after two weeks of declines (-1.6% and -1.5%) the stock eases just 0.8%, while the daily chart builds a double bottom in the 29 area with a 7% intermediate rebound. The ADX keeps climbing - the trend gaining conviction just as price consolidates - and money flow stays firmly positive. In this week's technical analysis, Deutsche Bank stock remains in a holding pattern, with volume back in balance after weeks of dominant sellers.
IQS Phase
52
ordinary
Signal Strength
44
medium · weak
Sizing
REDUCED
Ranking
#36 / 59
EU-UK stocks in progress
Trade P&L %
+5.81%
from signal to today
Rank position
ranks 36th among the 59 Longs already running for European-UK stocks in our ranking, with a signal strength of 44 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly +2.20% · monthly +2.61%
DBK belongs to the european sector (reference ETF EXV1). The sector is classified in positive regime according to our weekly reading.
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