| 
April 15, 2023
- $11 is Deutsche Bank's highest rate in 3 weeks.
- Upper Bollinger Band® currently at $11.05
Deutsche Bank has posted further gains as part of a 15 day trend that has already seen the stock gain $1.23. Yesterday's session pointed in the same direction — Deutsche Bank ended Thursday's session at $10.58. yesterday started with an increase to $11, but dropped back and closed at $10.95.
The German banking giant has fallen back around 21.57% from the significant high of $13.49 set 2 months ago.
Trend analysis indicates that investors are seeking long positions as Deutsche Bank AG price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $11.05, thereby suggesting that Deutsche Bank is becoming overvalued. Chart analysis indicates Deutsche Bank could be slowing down soon as it approaches resistance at $11. Of course, crossing it might suggest further gains are ahead.
Overall, while Deutsche Bank has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Fundamental indicators – United States Core Retail Sales fell short of the -0.3% projections, with new data of -0.8%.
This rally in Deutsche Bank's share price coincided with other financials stocks as JP Morgan Chase was up 7.55%. BlackRock added 3.07% to its value, and traded at $691.33. Bank of America was up 3.36%.
