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February 22, 2023
- Falling prices have precipitated Deutsche Bank's approach to its lower Bollinger Band® at $11.75
Deutsche Bank is down to $12.12, after ending yesterday at $12.28. Overall, a 1.34% loss or 16.5 cents today.
Deutsche Bank hit a significant low of $7.4 around 4 months ago, but has since recovered 65.95%.
Bollinger Bands® shows an indication of recovery: the lower band is at $11.75, a low enough level to, generally, suggest that Deutsche Bank AG is trading below its fair value.
Despite suffering losses in today's session, technical analysis is indicating that Deutsche Bank will undergo a significant bounce in the immediate term.
Fundamental indicators – United States Existing Home Sales (Jan) came out at 4 million, while a consensus of analysts was expecting 4 million.
Deutsche Bank's stock value drop coincides with after closing the previous session (yesterday) at $39.04, HSBC Holdings lost 53 cents and is trading around $38.51. After closing the previous session (yesterday) at $102.11, Royal Bank Of Canada lost $1.17 and is trading around $100.94. HDFC Bank Limited is down 1.89% from the beginning of the session and now trades around $67.51.
Upcoming fundamentals: tomorrow at 16:00 UTC data for United States Crude Oil Inventories will be released, with an expected decline to 1.17 million from the preceding figure of 16.28 million.
