APRIL SALE: Save over 60% on our Pro Plans!

DB1.DE finds buyers around 109.00 for the third day in a row

Technical Analysis Report for DB1.DE - Apr 16, 2018 [1 min read]
DB1.DE finds buyers around 109.00 for the third day in a row
DB1.DE closes below its opening price unable to hold early session gains
DB1.DE closes higher for the 2nd day in a row
DB1.DE closes within previous day's range after lackluster session
DB1.DE ends the day indecisive
TQ Sentiment
Technical Forecast:

Moving higher for the 2nd day in a row, DB1.DE finished Monday at 109.55 gaining €0.50 (0.46%). Trading €0.55 higher after the open, DB1 was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for DB1.DE

Monday's trading range was €1.15 (1.05%), that's far below last trading month's daily average range of €2.11. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being slightly above average.


Prices are trading close to a key support level at 108.70. The share found buyers again today around 109.00 for the third trading day in a row after having found demand at 108.80 in the prior session and at 108.75 two days ago.


While the market is currently in a short-term down trend, this might just be a correction, as the medium and long term trends are both positive.

Order Flow

Selling could speed up should prices move below the close-by swing low at 108.75 where further sell stops might get triggered. As prices are trading close to April's low at 108.60, downside momentum could accelerate should the stock mark new lows for the month.


Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a neutral sentiment for the next trading day.

Report Market Conditions
Low close to previous two Lows TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
2 Consecutive Higher Closes TQ Pro Members Only
Bearish Intraday Reversal TQ Pro Members Only
Close to Swing Low TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Deutsche Börse AG traded like this in the past. See the odds for each technical pattern with expected gain and loss.


Stocks Top Movers

USDJPY 109.430.61 0.56%
NKY 22,319.61104.29 0.47%
DXY 90.9550.415 0.46%
CRUDE 68.010.29 0.43%
INDU 24,083.8359.70 0.25%
GBPUSD 1.3932-0.0045 -0.32%
TBOND 141.750-0.594 -0.42%
GOLD 1,324.4-7.8 -0.59%
EURUSD 1.2161-0.0072 -0.59%
FTSE 7,379.32-46.08 -0.62%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.