DBK.DE closes within prior day's range after lackluster session


Technical Analysis Report for DBK.DE - May 17, 2018 [< 1 min read]
Highlights
DBK.DE closes above its opening price after recovering from early selling pressure
DBK.DE finds buyers again around 10.91
DBK.DE closes within previous day's range after lackluster session
DBK.DE ends the day indecisive
TQ Sentiment
Technical Forecast:
Overview

DBK.DE ended Thursday at 11.02 gaining €0.04 (0.36%). Trading up to €0.08 lower after the open, DeutscheBank managed to reverse during the session as bulls took control ending the day above 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 DBK.DE
Volatility

Thursday's trading range was €0.20 (1.82%), that's below last trading month's daily average range of €0.30. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being slightly above average.

Price Action

After moving lower in the prior session, the stock managed to close higher but below the previous day's open, forming a bullish Harami Candle.

Support/Resistance

After having been unable to move lower than 10.92 in the prior session, the share found buyers again around the same price level today at 10.91.

Trend

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

Order Flow

With prices trading close to this year's low at 10.82, downside momentum could speed up should the market break out to new lows for the year.

Conclusion

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

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Low close to previous low TQ Pro Members Only
Bullish Harami Candle TQ Pro Members Only
Bullish Intraday Reversal TQ Pro Members Only
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