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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.
XETR:DBK
by freeguy_by_wmc
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.
XETR:DBKLong
by freeguy_by_wmc
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.
XETR:DBKLong
by freeguy_by_wmc
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 $10, but also just below the invalidation zone.
XETR:DBKLong
by stromm_by_wmc
1
Deutsche Bank: Strong outlook 💪 Having completed the green wave B with its high in the last week of July, Deutsche Bank is now in a small correction that will complete the orange wave ii. Once this correction is over, our primary scenario is for a strong uptrend to break through resistance at 14.63€. If the price continues to fall, our alternative will be activated. According to this scenario, to which we assign a 35% probability, the price would move into our green target zone between 8.34€ and 5.60€, from where strong gains would also be imminent.
XETR:DBKLong
by MarketIntel
Deutsche Bank DBK long will Go to 26$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.
CAPITALCOM:DBKLong
by DaveBrascoFX
Deutsche Bank buying opportuntyWith hopes that during Easter time G20 and OPEC will solve the differences and come up with aid solution, time could be to buy stocks. Here we have Deutsche converging higher, bouncing from 61.8%, refusing to sell further. A break and close through resistance would be confirming bulls taking charge. Of course fundamentals still affect this. If EU finally agrees on aid package, this could break upside quickly. Please leave a like and share your thoughts on stocks! Good Luck and Stay Healthy!
XETR:DBK
by Antonio_trader
1