DEUTSCHE BANK AG NA O.N. - Daily - Technical analysis published on 10/07/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
6%
83%
11%
My opinion
Bearish under 6.750 EUR
My targets
6.333 EUR (-1.46%)
5.958 EUR (-7.30%)
My analysis
In the short term, we can see an acceleration in the bearish trend on DEUTSCHE BANK AG NA O.N., which is a positive signal for sellers. As long as the price remains above 6.750 EUR, a sale could be considered. The first bearish objective is located at 6.333 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5.958 EUR as an objective. If the price were to return above 6.750 EUR, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
7.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DEUTSCHE BANK AG NA O.N. price is 6.427 EUR. The price registered a decrease of -0.82% on the session and was between 6.367 EUR and 6.489 EUR. This implies that the price is at +0.94% from its lowest and at -0.96% from its highest.6.367
6.489
6.427
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this DEUTSCHE BANK AG NA O.N. chart shows a bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : Daily
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 5.958 | 6.333 | 6.427 | 6.750 | 7.189 | 7.650 |
| Change (%) | -7.30% | -1.46% | - | +5.03% | +11.86% | +19.03% |
| Change | -0.469 | -0.094 | - | +0.323 | +0.762 | +1.223 |
| Level | Intermediate | Intermediate | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.227 | 6.298 | 6.389 | 6.460 | 6.551 | 6.622 | 6.713 |
| Camarilla | 6.435 | 6.450 | 6.465 | 6.480 | 6.495 | 6.510 | 6.525 |
| Woodie | 6.237 | 6.303 | 6.399 | 6.465 | 6.561 | 6.627 | 6.723 |
| Fibonacci | 6.298 | 6.360 | 6.398 | 6.460 | 6.522 | 6.560 | 6.622 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.619 | 5.994 | 6.237 | 6.612 | 6.855 | 7.230 | 7.473 |
| Camarilla | 6.310 | 6.367 | 6.423 | 6.480 | 6.537 | 6.593 | 6.650 |
| Woodie | 5.553 | 5.961 | 6.171 | 6.579 | 6.789 | 7.197 | 7.407 |
| Fibonacci | 5.994 | 6.230 | 6.376 | 6.612 | 6.848 | 6.994 | 7.230 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.136 | 5.833 | 6.352 | 7.049 | 7.568 | 8.265 | 8.784 |
| Camarilla | 6.537 | 6.648 | 6.760 | 6.871 | 6.983 | 7.094 | 7.205 |
| Woodie | 5.047 | 5.789 | 6.263 | 7.005 | 7.479 | 8.221 | 8.695 |
| Fibonacci | 5.833 | 6.298 | 6.585 | 7.049 | 7.514 | 7.801 | 8.265 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 35.57 | |
| MACD (12,26,9): | -0.0870 | |
| Directional Movement: | -15.781 | |
| AROON (14): | -100.000 | |
| DEMA (21): | 6.799 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.990 | |
| Elder Ray (13): | -0.369 | |
| Super Trend (3,10): | 7.064 | |
| Zig ZAG (10): | 6.408 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 4.32 | |
| TEMA (21): | 6.640 | |
| Williams %R (14): | -96.74 | |
| Chande Momentum Oscillator (20): | -0.809 | |
| Repulse (5,40,3): | -3.9520 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0770 | |
| Courbe Coppock: | 19.68 |
| MA7: | 6.676 | |
| MA20: | 7.084 | |
| MA50: | 6.793 | |
| MA100: | 6.666 | |
| MAexp7: | 6.652 | |
| MAexp20: | 6.858 | |
| MAexp50: | 6.844 | |
| MAexp100: | 6.877 | |
| Price / MA7: | -3.73% | |
| Price / MA20: | -9.27% | |
| Price / MA50: | -5.39% | |
| Price / MA100: | -3.59% | |
| Price / MAexp7: | -3.38% | |
| Price / MAexp20: | -6.28% | |
| Price / MAexp50: | -6.09% | |
| Price / MAexp100: | -6.54% |
News
The last news published on DEUTSCHE BANK AG NA O.N. at the time of the generation of this analysis was as follows:
- Deutsche Bank Appointed as Depositary Bank for the Sponsored Level 1 American Depositary Receipt Program of Northern Star Resources Limited
- Entravision Communications Corporation To Present At Deutsche Bank 27th Annual Leveraged Finance Conference
- GFT Named as Winner in 2019 'IDC FinTech Rankings: Real Results Awards' by IDC Financial Insights for Strategic Collaboration With Deutsche Bank
- Griffon to Participate at Deutsche Bank 27th Annual Leveraged Finance Conference
- Superior to Present at the Deutsche Bank High Yield Conference on September 24, 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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