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DBK.DE ends the day on a bearish note closing near the low of the day

Technical Analysis Report for DBK.DE - Apr 16, 2018 [1 min read]
DBK.DE dominated by bears dragging the market lower throughout the day
DBK.DE breaks below 20-day moving average
DBK.DE ends the day on a bearish note closing near the low of the day
DBK.DE breaks below previous session low
TQ Sentiment
Technical Forecast:

DBK.DE finished Monday at 11.60 losing €0.10 (-0.85%) on low volume. The bears were in full control today, moving the market lower throughout the whole session. Closing below Friday's low at 11.63, the market confirms its breakout through the previous session's low having traded €0.07 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily chart for DBK.DE

Monday's trading range was €0.23 (1.96%), that's below last trading month's daily average range of €0.34. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.

Price Action

Even with a strong opening DeutscheBank closed below the prior day's open and close, forming a bearish Engulfing Candle.


Prices are trading close to a key support level at 11.39.


Although the stock is experiencing a short-term up trend, this might just be a correction, as both the medium and long term trends are still in negative territory. The share broke below the 20-day moving average at 11.64 today for the first time since March 9th.

Order Flow

Buying could accelerate should prices move above the nearby swing high at 11.94 where further buy stops might get activated. Selling could speed up should prices move below the close-by swing low at 11.32 where further sell stops might get triggered.


Even though both sentiments are bearish for the next trading day, the classical technical analysis metrics are only slightly bearish while our quantitative statistics show a bearish sentiment.

Report Market Conditions
Bearish Break through SMA 20 TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Decisive Down Move TQ Pro Members Only
Bearish Engulfing Candle TQ Pro Members Only
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Get the stats behind the charts

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


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