Deutsche Bank Jumps 3.54% As Bullish Indicators Signal Strong Upside Momentum

Deutsche Bank (DB) recently closed at 33.68, posting a 3.54% gain in the latest session, with trading occurring between 33.36 and 33.73 amid heightened volume.
Candlestick Theory
Recent price action reveals a bullish reversal pattern emerging near the 32.26 support level (August 1 low). The current session’s strong close near the high of 33.73 follows a hammer-like formation in prior days, suggesting accumulation. Immediate resistance is evident at 33.73–34.14 (July 24 high), while sustained support appears near 32.26–32.53. A decisive close above 34.14 would confirm bullish continuation, whereas failure near current highs may trigger retracement.
Moving Average Theory
The 50-day moving average (hovering near 28.50) crossed above the 100-day (approximately 26.80) and 200-day (around 23.00) averages in Q2 2025, establishing a long-term bullish bias. Current price action trading well above all three averages signals robust upward momentum. The ascending 50-day MA now acts as dynamic support, with the steep slope suggesting persistent intermediate-term strength.
MACD & KDJ Indicators
MACD shows a bullish crossover as the signal line recovers from near-zero territory, aligning with accelerating momentum. KDJ oscillators exhibit an overbought %K reading near 80, though both lines maintain an upward trajectory without bearish divergence. While short-term overbought conditions may cause consolidation, the absence of reversal signals supports continuation after brief pullbacks.
Bollinger Bands
Price recently touched the upper band near 33.73, coinciding with multi-month resistance. Band expansion after the July 24 volatility spike (7.83% gain) highlights increased directional conviction. Current position near the upper band suggests near-term exhaustion risk, but the lack of contraction implies ongoing bullish pressure. A close below the 20-day midline (near 31.50) would indicate softening momentum.
Volume-Price Relationship
Volume surged 90% during the July 24 breakout, validating that advance. Recent gains (August 4) accompanied above-average volume (3.25M shares vs. 30-day avg ~3.0M), confirming buyer commitment. Notably, pullbacks since July have occurred on declining volume (e.g., July 31’s 0.84% loss on 20% below-average volume), implying limited selling pressure. This volume profile reinforces the bullish structure.
Relative Strength Index (RSI)
The 14-day RSI reads ~68, approaching overbought territory but without prior divergence. Consistent higher RSI peaks align with ascending price highs, confirming trend strength. While values above 70 would indicate excessive optimism, current positioning allows room for further upside before technical exhaustion. Traders should monitor for bearish divergence should prices advance while RSI stalls.
Fibonacci Retracement
Applying Fib levels to the 19.50 (April 7 low) to 33.73 (July 24 high) rally identifies key thresholds: 23.6% (30.37), 38.2% (28.29), and 50% (26.62). The July retracement held firmly above the 23.6% level (30.75 low), establishing it as major support. Current price action near the 0% extension suggests bullish resolve. A pullback toward 30.37 would present a high-probability entry zone.
Confluence & Divergence Notes: Strong confluence exists at 30.30–30.75 (23.6% Fib, volume-supported July low, and 50-day MA), making it critical support. No material divergences are observed across momentum indicators, though Bollinger Band positioning and KDJ overbought readings suggest near-term consolidation may precede further upside. Overall, multiple indicators align to favor bullish continuation after potential short-term digestion of gains.