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From Riches To Rags: Deutsche Bank Technicals

ByCandy Matheson
Published 09/29/2016, 02:41 PM
Updated 07/09/2023, 06:31 AM

From an all-time high of 103.14 in May of 2007 to an all-time low of 10.19 -- and Thursday's close at 10.875 -- Germany's biggest bank continues to slide into the abyss, as shown on Deutsche Bank's (NYSE:DB) monthly chart.

Monthly Deutsche Bank

The 3 technical indicators shown on the following daily chart are no longer supporting a slowdown of its downtrend (as I reported in my February 8 post). Instead, they're now suggesting a resumption and acceleration of a stock dump.

This bank stock is now sitting at a tiny fraction of its former value; systemic-risk or value stock? A picture is worth a thousand words:

Daily Deutsche Bank

Latest comments

graph portrays collapse. not surprised if imf or central bankers initiating immediate digital infusion; eg, helicopter funding, to support this loser. however, if support funding of my description were to leak to trading community, it would cause collapse of equity prices globally and immediately end negative rate offers. suspect deutsche and angela will be buttressed at least until November 8. candy, thanks for timely article.
My pleasure, thanks, Tony...yes, it will be interesting to see what happens after the U.S. presidential election...imo, it looks like trouble ahead regardless of that outcome, but it just may take awhile for global equities to unwind in a disorderly fashion.
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