Deutsche Bank takes its first breather after 3 weeks up
Deutsche Bank stock slips 3%, back to its 20-day moving average
Our view last week
Deutsche Bank stock closes another positive week, +1.5%, though the pace slows from the previous two: sellers edge back above half of turnover, while the weekly RSI and ADX keep climbing regardless. The stock is trading close to its recent highs, squeezed between the wall at 34.1 euros and support in the 33.3 area. Compared with last week, when it ran at its best in months, the pace turns more cautious, but the weekly technical analysis still points to a solid structure.
This week's summary
Deutsche Bank stalls after 3 weeks higher: this week the stock sheds 3%, right at the 20-day moving average now working as resistance, and sellers take back control of volume, 72%. The weekly picture still leans bullish - ADX rising for 10 weeks, MACD above its Signal line for 12 - but the histogram starts to fade and money flow slows: the first signs of a breather after the run.
IQS Phase
49
ordinary
Signal Strength
37
medium · weak
Sizing
REDUCED
Ranking
#58 / 70
EU-UK stocks in progress
Trade P&L %
+11.99%
from signal to date, no stop loss
Rank position
ranks 58th among the 70 Longs already running for European-UK stocks in our ranking, with a signal strength of 37 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly -2.04% · monthly +1.88%
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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