DEUTSCHE BANK AG-REGISTERED (DB) Stock Technical Analysis
NYSE:DB • DE0005140008
We assign a technical rating of 4 out of 10 to DB. Although DB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- DB is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- When comparing the yearly performance of all stocks, we notice that DB is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by DB over the past year are nicely spread over this period.
- DB is one of the better performing stocks in the Capital Markets industry, it outperforms 93% of 238 stocks in the same industry.
- DB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DB is lagging the market slightly.
- DB has an average volume of 2759650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
DB has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 38.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 36.11, a Stop Loss order could be placed below this zone.
More info and screens
32.20
4 important support areas can be observed.
- A support zone ranging from 35.27 to 36.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @34.19 from a trend line in the daily time frame.
- Support @33.17 from a horizontal line in the daily time frame.
- Support @32.53 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 38.15 to 38.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 39.67 to 39.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @40.34 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for DB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DB is down. |
| ChartMill Relative Strength | 87.63 | POSITIVE | DB has a high relative strength, it outperformed 87.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.28 | NEUTRAL | The RSI value for DB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests DB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.53 | NEUTRAL | The Stochastics value for DB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for DB suggests some volalility. |
| Average Directional Index/ADX (14) | 17.36 | NEGATIVE | The low ADX value for DB suggests a weak or negative trend. |
36.72
+0.58 (+1.6%)
DEUTSCHE BANK AG-REGISTERED / DB FAQ
What is the ChartMill technical rating of DEUTSCHE BANK AG-REGISTERED (DB) stock?
ChartMill assigns a technical rating of 4 / 10 to DB.
What is the current trend direction of DEUTSCHE BANK AG-REGISTERED (DB) stock?
The current trend direction for DEUTSCHE BANK AG-REGISTERED (DB) is Bearish.
What is the RSI signal for DEUTSCHE BANK AG-REGISTERED (DB) stock?
DEUTSCHE BANK AG-REGISTERED (DB) has an RSI value of 47.2754. This indicates that the stock is currently neutral.
What is the MACD signal for DB stock?
The MACD indicator for DEUTSCHE BANK AG-REGISTERED (DB) has a value of -0.0460966, indicating a bearish trend.