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Deutsche Bank Daily Technical Analysis | 5 February 2018

2018-02-05 10:17 am | Resource: Technical Analysis Section | No Views : 329

Deutsche Bank broke the bullish trend line at the end of January as investors weighed on the pessimistic situation that dominated traders regarding the bank's future and profits, which broke the 15.01 support area maintained by the stock for two months.

Deutsche Bank Daily Technical Analysis | 5 February 2018

Deutsche Bank is trading in a bearish trend forming over the 4 hour interval, and the SMA and the Slow Moving Average are both negative crosses and have been confirmed.
The MACD indicator is bearish and indicates the strength and determination of the bear in the stock.
It is expected that if the German bank is to break down to 13.74, the stock might target 13.11 euros, while in the case of a breach of 14.97, the stock might target the level of 15.01.
Support: 13.8 - 13.51 - 13.11
Resistance: 15.01 -16.43- 16.90
Trend: Down

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