DB - Strong chart pattern - Undervalued
DB also look strong on the chart. Undervalued with fair value at around $40+
DEUTSCHEBANK trade ideas
Deutsche Bank: Unlocking New Heights!Deutsche Bank AG ( NYSE:DB is currently trading at $17.48 , reflecting a slight decrease of 0.11% from the previous close.
Our proprietary quantum probability indicator signals a strong buy, suggesting a favorable outlook for the stock.
The technical chart reveals a bullish flag formation, characterized by an initial surge to the $17.20 resistance level, followed by a consolidation phase.
A decisive breakout from this pattern indicates potential for continued upward movement, with a mid-term target of $24.31 .
From a broader perspective, the development of a cup and handle pattern is evident.
This bullish continuation pattern suggests a long-term projection above the major resistance at $27.28.
Recent developments further support this positive outlook.
Deutsche Bank has shifted its stance to "overweight" on European equities, citing lower interest rates and expectations of a strong corporate earnings season amid an improving political landscape.
Analysts highlight that Europe offers the most attractive equity risk premium among developed markets, with the European benchmark index projected to rise by 15% by the end of 2025 .
Additionally, Deutsche Bank's CEO, Christian Sewing , has emphasized the need for structural reforms and reduced regulations to enhance Germany's economic competitiveness, which could positively impact the bank's performance.
In summary, the technical indicators and recent strategic positions of Deutsche Bank point to a positive trajectory, with significant upside potential in both mid-term and long-term projections.
Deutsche Bank (DBK): Earnings beat but loan losses double We missed the optimal entry for Deutsche Bank (DBK), but the analysis was accurate overall. The earnings report showed some resilience with a revenue increase of 5.2% year-over-year, reaching €7.50 billion, slightly above analyst expectations of €7.30 billion. The stock reacted with a modest dip, but nothing significant. However, Deutsche Bank reported a notable rise in loan losses, which doubled to €494 million in Q3 2024 compared to €245 million a year ago, aligning closely with the €482 million forecasted by analysts.
From a technical standpoint, our primary count still appears valid, though it’s a bit on the lower side. This could indicate that wave 3 might not be the longest wave in this count, which is atypical but possible as long as it’s not the shortest.
We’re targeting a potential endpoint for wave 5 within the HTF resistance zone, aligning with the 50-61.8% Fibonacci extension level, where we could look for a long position if the setup confirms. We will continue to monitor DBK closely as this potential target level nears and adjust accordingly.
Deutsche Bank AG to 21 EuroDespite the chaos with Credit Suisse European banks in General are printing some excellent setups. What is the reason for this? No idea.
On the above 2-month chart:
1) A strong buy signal (not shown) prints with price action breakout from resistance that has been active since 2007.
2) Regular bullish divergence. No less than eight oscillators this time. Four to five oscillators printing on this time frame is incredibly powerful but eight?!
3) Inverse head and shoulders pattern. Confirmation is price action closing above 10.50 and staying there or above for a week or two. On confirmation a target of 21 euro should be expected.
4) The yellow line is the 21/2-month EMA. Notice the first attempt to hold as support has failed? (Orange arrow). This was the first attempt to hold as support since July 2005. Confirmation of support is price action at 10.50 and above by the month of May.
5) Almost EVERY idea on tradingview is 'short' / Bearish! Ww is the 5%. What in?
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: Investment
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: 110%
Stop loss: 7.20
Deutsche Bank AG (DB) | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
Trend | Time Frame Conductive | Weekly Time Frame
- General Trend
- Measurement on Session
* Support & Resistance
* Trade Area | Focus & Motion Ahead
# Position & Risk Reward | Daily Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.88 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Buy
Deutsche Bank (DBK): A Perfect Reversal?Our analysis on Deutsche Bank (DBK) dates back to June, but we've continued to monitor the stock closely for you. We saw that DBK respected the last possible level within our targeted area, which was aligned with the level of Wave 1. Typically, for a Wave 4, we don't want to see the asset linger too long in this area, but in the case of DBK, it only dipped into it briefly before reversing, showing a strong and positive reaction.
We now anticipate a surge above the Wave 3 level, which would also push the stock above the trend channel. Such a conclusion to this cycle would be a very bullish sign, likely leading to a deeper pullback in the overarching Wave (2). At that point, we would definitely consider buying shares as the setup looks promising for long-term gains.
Deutsche Bank AG (DB): Potential Sell-Off Ahead?Analyzing the Deutsche Bank AG on the German Stock Exchance XETR, we observe a repeating pattern involving two trend channels. In both instances, the trend channels were respected and behaved as expected.
In the first case, the price exited the trend channel and then retested it almost perfectly. In the second instance, the price overshot the trend channel briefly with a wick above but quickly retraced back below it. This overshoot indicates significant weakness, suggesting a potential stronger sell-off in the near future.
Zooming into the volume since 2020, we notice that the current range has seen low volume, indicating minimal buying interest at these levels. The buying interest appears to be much lower.
Zooming into the Deutsche Bank AG 12h chart, we see that the level of the larger Wave (1) at €14.64 is being respected and held for now. However, we anticipate a sell-off down to the range between €13.50 and €12.50. Falling below this range is not expected, but if it occurs, the next likely support would be between €10.50 and €9.30.
From an Elliott Wave perspective, it would be unfavorable if Wave 4 were to fall into the territory of Wave 1. While brief wicks below are acceptable, a prolonged stay in this range would not be ideal and is not our primary expectation. We also observe that the RSI is showing signs of being overbought.
There is a bearish divergence forming, with a lower high on the RSI and a higher high on the price chart. This divergence suggests that the recent price movements might lead to further declines.
In summary, while the €14.64 level is currently holding, we expect a potential sell-off to the €13.50 to €12.50 range. A further decline into the €10.50 to €9.30 range could occur but is less likely. The bearish RSI divergence supports this outlook, indicating potential downward pressure in the near term.
5 Stocks To Consider For May 20245 Stocks To Consider For May 2024
Time flies, especially when things are running smoothly, and this year so far has been a period free of dramatic events across the capital markets.
Suddenly, we are almost halfway through 2024, and the forthcoming month takes us up to that point. During the first part of 2024, scepticism and trepidation gave way to hope and optimism as analysts cast their theories that central banks across the Western world may look toward reducing interest rates a few times. This turned out to have been an incorrect prediction, and rates remain unchanged, meaning companies still need that extra cash flow to grow or show greater revenues, which is currently being used to service monthly commitments at high interest rates.
It has not impeded progress, however. Some of the world's most prestigious indices have been performing outstandingly, giving rise to the notion that large corporations are, in many cases, in good fiscal order. Talk of recession has faded into the background as the FTSE 100 in London (UK 100 on FXOpen) ended April with a massive rally, and across the Atlantic, the S&P500 (US SPX 500 Mini on FXOpen) and NASDAQ (US Tech 100 mini on FXOpen) ended the month in a strong position.
Here are five stocks to consider for May 2024.
1) 3M
In today's world of high-tech internet stocks in which Silicon Valley giants dominate, it is easy to overlook North America's heavy industrial corporations, which remain at world-leading magnitude and have a long history of producing high-quality items used daily by private individuals and commercial enterprises.
One such company is 3M, which was founded over 122 years ago in New Harbor, Minnesota. 3M stands for Minnesota Mining and Manufacturing and is a clever play on an acronym based on these three words. Most Americans, and no doubt many Europeans, will know the 3M brand and will have seen it printed on everyday items such as adhesives, films and tapes, whereas many employees of heavy industrial companies will see it on materials used in manufacturing processes.
3M stock has demonstrated an interesting dynamic over recent years, having made a steady decrease in value ever since the middle of 2021. Apart from a few minor corrections over the past three years, 3M stock has decreased in value from $203.86 on June 1, 2021, to $91.98 at the close of the US trading session yesterday, April 29, 2024, according to FXOpen pricing.
Despite this continued downtrend, 3M stock is among the most traded US stocks on FXOpen's TickTrader platform this morning. Just three weeks ago, news reports abounded stating that 3 M's stock losses had been a major factor in a 300-point fall in the Dow Jones index.
According to S&P Market Intelligence, 3M shares rocketed in value by 15.1% in March this year, bucking the overall trend of the past three years, but this was not sustained, and the longer-term view shows this to be a mere blip in an overall decline.
Given that it is being traded very actively, this is a big-cap stock to watch.
2) Deutsche Bank
At the top of FXOpen's' Top Fallers' list at the end of April is Deutsche Bank, whose shares have been demonstrating a degree of volatility over recent days.
Germany's largest bank, which is also one of the largest global investment banks and FX interbank dealers by market share, has ridden out its fair share of woes over the years, but has sustained its position well.
This month has been interesting for Deutsche Bank as it suddenly rallied to 16.69 Euros on April 26 according to FXOpen pricing, as reports of its highest quarterly profit in as much as 11 years were announced. This was short lived, however, and Deutsche Bank stock dropped significantly in value on April 29 as matters relating to the litigation surrounding the bank's acquisition of PostBank began to resurface.
The litigation alleges that Deutsche Bank underpaid when acquiring compatriot PostBank, and has thus far been a long, drawn out affair. It hit the news once again on April 29 as reports began to emerge estimating the potential cost to Deutsche Bank could be as much as 1.3 billion Euros should Deutsche Bank be ordered to settle.
The sudden upward direction in Deutsche Bank shares created by the positive quarterly earnings followed by a sudden drop a day later as the magnitude of the potential cost of settlement of the PostBank litigation has made Deutsche Bank stock a volatile giant.
3) Tesla
Tesla is one of the world's most traded stocks and is widely understood as a disruptive tour de force within the technology and automotive industries, which it straddles.
Often Tesla stock is considered among those to watch, but mainly due to the company's less orthodox method of operation compared to the established Silicon Valley giants that its stock is often compared to, such as Microsoft, Google or Apple.
This time, however, those with a penchant for Tesla stock have something genuine to look out for because the company's flamboyant and polarising CEO, Elon Musk, has been in China, the world's largest automobile market and home to the manufacturing base of a huge number of automotive industry participants.
Whilst in China, Elon Musk has been working closely with regulatory authorities to gain approval for the use of Full Self-Driving (FSD) autonomous software in every region of mainland China. Government officials in China have given 'watershed' approval to the use of autonomous driving, and as a result, Tesla stock has been rocketing in value.
Such is the Chinese government's trust in Tesla's autonomous driving system that Tesla will use Chinese tech company Baidu's street-level mapping data to power the autonomous 'FSD' system.
As the US trading session closed yesterday, Tesla stock reached $193 per share according to FXOpen pricing, a significant increase over the $144.53 closing price a few days earlier at the top of the candlestick on April 23.
4) PVH
Luxury and fashion conglomerates in Europe have been the centre of attention for many years now, especially given that LVMH, the French giant that owns a large number of European luxury goods manufacturers, is one of the largest corporations in the world, and its CEO Bernard Arnault is the officially recognized richest man in the world.
On the other side of the Atlantic, however, things are less buoyant and PVH, which is the owner of many North American clothing brands such as Calvin Klein, Tommy Hilfiger, Warners and True & Co., has been experiencing a rapid fall in share price value.
At the beginning of April, the company's outlook for the rest of the year was written off as 'disappointing' by many media outlets, and shares dropped by as much as 20% at the time.
This has not recovered, and PVH shares have been in the doldrums throughout April, languishing at $112.67 per share at the close of the US session on April 29, according to FXOpen pricing.
It is currently one of the 'Top Fallers' across the stock markets on the FXOpen TickTrader platform.
5) Harley-Davidson
Volatility among long-established household names and world-famous brands is relatively rare, especially if the company concerned remains true to its roots with the products it produces.
For this reason, it is perhaps interesting to see Wisconsin's famous motorcycle manufacturer, Harley-Davidson, among the 'Most Volatile' stocks within FXOpen's TickTrader platform currently.
Harley-Davidson Motor Company was founded in 1903 and still operates from its original home town of Milwaukee, Wisconsin. It manufactures premium motorcycles and has built a long-standing trust and following among its client base, who are often willing to pay a much higher price to own a Harley-Davidson than to accept a product from the competition, who are often seen as imitators.
Harley-Davidson has played a clever hand at keeping up with modern technology whilst retaining its image for a specific type of motorcycle, an example of which was the introduction of its fully electric 'LiveWire' model in 2020.
Harley-Davidson stock began the month at $43.58 per share, but arrived at a low point of $35.17 at the close of the US trading session on April 29 after an overall downtrend during April with some added volatility near the end of the month.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Deutsche Bank: Next Big Leap Ahead?
Starting our analysis for the Deutsche Bank chart at the Corona low of $4.45, we have since seen an uptrend developing with a Wave (1) and already a Wave (2), placing us in the overarching Wave (3). Within this Wave (3), we're looking for potential entry points. We've also developed Waves 1 and 2 and are currently, as seen on the 4-hour chart. We want to enter at the end of this coming wave ((iv)). We expect to reach between 38% and 50% retracement, with the possibility of hitting 61.8%, but not much lower, as we would need to invalidate the scenario if the price falls into the level of Wave 1 for an extended period.
Looking upward, we set our target at a minimum of €16.16, which corresponds to the 161.8% extension. The chart clearly shows that we are experiencing lower highs and equal or lower lows. Thus, we believe there will be a downturn before the price moves higher. Our entry zone is at $11.37, with our stop-loss just above $10, but also just below the invalidation zone.
DB - 3 Days for Bullish ConfirmationAlthough I think DB will be in a accumulation phase for a few months, this month's candle may signal the beginning of DB's bull run.
- Monthly MACD (Bullish)
- Monthly Pekipek's Divergence BETA (Bullish)
- Monthly RSI (Bullish)
- Monthly Stochastic RSI (Bullish)
- Monthly OBV (Bullish)
Deutsche Bank Shares: Riding the Bull with a Diamond SparkleTechnical Analysis for Deutsche Bank Shares:
1. Bullish Diamond Fractal Formation:
Deutsche Bank shares are currently exhibiting a notable technical pattern known as a Bullish Diamond Fractal. This pattern suggests a potential reversal in the prevailing downtrend, indicating a shift in market sentiment in favor of the bulls.
2. Key Levels and Targets:
First Take Profit (TP): The analysis points to a conservative first take profit level at 15,500. This level is identified as a potential resistance where traders might consider taking profits.
Second Take Profit (TP): A more optimistic target is set at 23,010. This level represents an extended bullish move and could attract additional buying interest.
Stop Loss: To manage risk, a stop-loss order is recommended below the support level, around 9.809. This level acts as a safety net to limit potential losses in case the market moves against the anticipated bullish scenario.
3. Market Sentiment:
The analysis suggests an optimistic outlook for Deutsche Bank shares, supported by the Bullish Diamond Fractal pattern.
The expectation is that the upcoming Monday will be very bullish for this pair, indicating potential positive market sentiment and increased buying interest.
4. Related News:
According to a historic news article from CNN (dated October 25, 2023), Deutsche Bank shares have experienced a surge, leading to an increase in dividends. This positive development aligns with the technical analysis, providing fundamental support for the bullish outlook.
The increase in dividends can be interpreted as a sign of confidence in the company's financial health and performance.
Positive news like this can attract more investors, contributing to the bullish momentum identified in the technical analysis.
Conclusion:
The technical analysis, supported by the recent positive news, suggests a bullish stance on Deutsche Bank shares. Traders and investors should carefully monitor key levels, consider the recommended take profit and stop-loss levels, and stay informed about market developments to make well-informed decisions.
Deutsche Bank - DBUSDYou would still be down 91% if you bought the top in 2008 keks :D
But DB shares went down a whooping 96.43%, what more could you ask? Your risk from the bottom was less than 4%, from my analysis it entered accumulation phase for the long term.
Do Your Own Research this is not financial advice!
Trading Idea: Buy Deutsche Bank (DB) StockDeutsche Bank's stock price has experienced a decline over the past 5 days. This trading idea proposes buying Deutsche Bank (DB) stock.
Core Logic
The trading idea is based on identifying companies with strong short-term profitability. The strategy focuses on three key factors:
Gross Profit Margin: A high gross profit margin indicates that the company is generating substantial profit from its core operations after deducting the cost of goods sold. This is a positive indicator of profitability.
Revenue: High revenue suggests that the company is generating substantial income from its business activities. A strong revenue stream indicates a healthy and growing business.
Cost of Revenue: A low cost of revenue indicates that the company is efficiently managing its expenses related to producing goods or services. Lower costs lead to higher profit margins and potentially higher profitability.
By considering these factors, the trading idea aims to identify companies with strong short-term profitability potential. Based on these insights, the idea suggests buying Deutsche Bank (DB) stock.
Please note that this trading idea is suitable for investors with an extremely short investment horizon and an exceptionally high risk tolerance.
Technical Outlook
Deutsche Bank Approaching Key Support Level
Deutsche Bank (DB) is currently trading at 12.09. The stock is approaching a key support level, just 5 cents away from 11.86. Breaking below this level could indicate further losses are ahead. However, if the stock fails to break below this level, it could be viewed positively by bulls, with a retracement being likely.
In spite of the current bearish market, market analysts expect Deutsche Bank's price action to test an important upper Bollinger Band® level at $12.47. This indicates that there is potential for a rebound in the stock's price.
Deutsche Bank's stock has seen a 10.61% increase in the past month and has outperformed the Nasdaq by 36.18% so far this year. The stock currently has a market cap of $24.29 billion.
Yesterday, a total of 1.48 million shares of Deutsche Bank were traded, which is below the multiday average of 2.39 million shares.
Today, Deutsche Bank's stock declined by 0.49%, falling from 12.15 to 12.09. This further reinforces the ongoing downtrend of the stock.
In summary, Deutsche Bank is approaching a critical support level and breaking below it could lead to further losses. However, failing to break below this level could signal a retracement. Market analysts expect the stock to test an upper Bollinger Band® level at $12.47.
Deutsche Bank: Strong outlook 💪 Having completed the green wave B with its high in the last week of July, Deutsche Bank is now in a small correction that will complete the orange wave ii. Once this correction is over, our primary scenario is for a strong uptrend to break through resistance at 14.63€. If the price continues to fall, our alternative will be activated. According to this scenario, to which we assign a 35% probability, the price would move into our green target zone between 8.34€ and 5.60€, from where strong gains would also be imminent.
Deutsche Bank DBK long will Go to 26$I have explained 2 bullish scenarios,1 bearish(worse case).
Bullish:
higher highs higher lows
poc uprising
volume increasing
capital flow rising
Inflation cooling down
Future Rates cuts
Rising Supports
In case the Take profits hit, and we have increased volume, I will ride the trend.
I will only take profit 10% of the Deutsche Bank portfolio and let the profit run.
Exit :Stop loss or trend change signal
The mid and long term horizon is bullish. If any Profit taking level reaches, and trend continuation is signalizing that the uptrend will be continued, I will increase agressively my positions and take only 10% profits of each position.I will let the prfoits run.
This trade setup is only for trend followers and on daily TF.
