- Price action is gradually approaching a key resistance hurdle at $11.67
- Upper Bollinger Band® currently at $11.77
Deutsche Bank has posted further gains as part of an 11 day trend that has already seen the stock gain $1.16. It was more of the same for Deutsche Bank Friday — Lightly positive Deutsche Bank closed at $11.52 after ranging between $11.28 and $11.62.
The stock has been trending positively for about 2 months. The German banking giant now trading 53.63% above its 3-month low of $7.4.
Deutsche Bank AG's upper Bollinger Band® is at $11.77, this is a slight indication of a slowdown. Deutsche Bank could be slowing down soon as it approaches resistance at $11.67. Of course, crossing it might suggest further gains are ahead.
Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates Deutsche Bank is set for a reversal in the coming days.
While Deutsche Bank was bullish Friday, the following financials stocks underperformed: S&P Global slumps 1.43% Friday to close at $339.81. Royal Bank Of Canada closed at $94 (down 1.06%). BlackRock closed at $708.63 (down 1.05%).
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