As this happened, Barclays upgraded its Deutsche Bank AG [DB] rating to an Overweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in late March from “an Equal-weight” to “an Overweight”. Citigroup also remained covering DB and has decreased its forecast on January 31, 2024 with a “Neutral” recommendation from previously “Buy” rating.
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Price Performance Review of DB
On Tuesday, Deutsche Bank AG [NYSE:DB] saw its stock jump 1.84% to $16.60. Over the last five days, the stock has gained 4.67%. Deutsche Bank AG shares have risen nearly 22.51% since the year began. Nevertheless, the stocks have risen 51.88% over the past one year. While a 52-week high of $17.95 was reached on 04/25/24, a 52-week low of $10.00 was recorded on 02/09/24. SMA at 50 days reached $15.82, while 200 days put it at $15.07.
Levels Of Support And Resistance For DB Stock
The 24-hour chart illustrates a support level at 16.52, which if violated will result in even more drops to 16.45. On the upside, there is a resistance level at 16.69. A further resistance level may holdings at 16.79. The Relative Strength Index (RSI) on the 14-day chart is 58.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.88%. Stochastics %K at 76.93% indicates the stock is a holding.
How much short interest is there in Deutsche Bank AG?
A steep rise in short interest was recorded in Deutsche Bank AG stocks on 2024-08-30, growing by 1.51 million shares to a total of 9.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 8.44 million shares. There was a rise of 15.21%, which implies that there is a positive sentiment for the stock.
