Deutsche Bank zeroing in on key resistance at $10.8 and $10.9 thereafter

• $10.83 is Deutsche Bank's highest rate in 5 weeks and a half.
• Price action oscillating around key resistance at $10.8

Deutsche Bank has posted further gains as part of an 11 day trend that has already seen the stock gain 50 cents. Yesterday's session pointed in the same direction — an influx of buyers helped the German banking colossus to end the session higher around $10.7, while establishing a $10.66 to $10.83 session range yesterday.

Trading mostly sideways for a month. The German banking giant has fallen back around 21.2% over the past 4 months, from a notable high of $13.49.

Trend analysis indicates that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Asset volatility analysis shows that Deutsche Bank's upper Bollinger Band® is at $10.82, this is a slight indication of a slowdown. A study of Deutsche Bank's chart reveals various key levels to watch: Deutsche Bank could be slowing down soon as it approaches resistance at $10.8. Of course, crossing it might suggest further gains are ahead.

Notwithstanding Deutsche Bank's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

Fundamental indicators – United States Interest Rate released yesterday at 18:00 UTC with a figure of 5.25, while the previous figure was 5.25.

A look at other financials stocks also showed bullish price action as Mastercard added 0.91% to its value, and traded at $374.76.

While Deutsche Bank was bullish yesterday, the following financials stocks underperformed: Wells Fargo & Company closed at $42.08 (down 1.34%). Goldman Sachs went down 1.19%, closed at $342.5.

Upcoming fundamentals: United States Retail Sales projected to come out at -0.1% — worse than previous data of 0.4%; data will be released today at 12:30 UTC.