Deutsche Bank: best week in a month, up 4.2%
Deutsche Bank stock jumps 4.2% as buyers retake control this week
Deutsche Bank: best week in a month, up 4.2%
Our view last week
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.
This week's summary
Deutsche Bank closes its best week in the past 4: +4.2%, with buyers in control (58% of volume) and the weekly RSI up to 58.9. The MACD is turning higher and the ADX climbs to 21.4, a sign the trend is gaining conviction after weeks of decline. On the daily chart the stock also bounced 3% off its own 20-day average, in the 31 area. Our technical analysis on Deutsche Bank stock tracks a buy signal now at +10.3% since entry.
IQS Phase
62
ordinary
Signal Strength
40
medium · weak
Sizing
REDUCED
Ranking
#44 / 61
EU-UK stocks in progress
Trade P&L %
+10.26%
from signal to date, no stop loss
Rank position
ranks 44th among the 61 Longs already running for European-UK stocks in our ranking, with a signal strength of 40 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly +2.05% · monthly +3.45%
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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