Deutsche Bank Stock Jumps 5.08% In Two Days Breaching Key $30 Resistance

Deutsche Bank (DB) shares advanced 3.33% in the most recent session, extending gains to a second consecutive day with a cumulative 5.08% rise over this period. This upward movement breached the $30.00 psychological barrier, suggesting renewed bullish sentiment. The following technical analysis evaluates key indicators to assess potential future price direction.
Candlestick Theory
Recent candlestick patterns indicate significant bullish momentum, with the two-day rally forming two consecutive white candles closing near session highs. The breakout above the $29.28 resistance (previous swing high on 2025-06-27) confirms a new support base near $29.50. The key resistance now stands at $30.44 (July 9 high), with a close above potentially targeting the $31.00 zone. A rejection at this level may trigger short-term consolidation.
Moving Average Theory
The 50-day moving average ($27.80) remains above the 100-day moving average ($26.10), confirming a sustained intermediate uptrend. Current price ($30.38) trades significantly above both averages, indicating strong bullish bias. The steep ascent creates a widening gap between price and the 50-DMA, which could act as dynamic support near $28.50. No bearish crossovers are evident, though extended deviation suggests potential mean-reversion risk if momentum wanes.
MACD & KDJ Indicators
MACD (12,26,9) shows a bullish crossover above the signal line with histogram bars expanding positively, supporting continuation potential. KDJ readings (K:78, D:72, J:90) reside near overbought territory, with the %J line exceeding 90, indicating stretched momentum. While MACD reinforces bullish strength, KDJ divergence (price making higher highs as %J flattens) warrants caution. A pullback could materialize if KDJ reverses from current levels.
Bollinger Bands
Price trades near the upper Bollinger Band (20-day, 2 SD) at $30.60, reflecting elevated volatility and bullish momentum. Band width has expanded 18% over the past week, confirming increased volatility. Historically, sustained price proximity to the upper band precedes consolidation phases. A retreat toward the middle band ($28.90) wouldn’t invalidate the uptrend but could provide healthier entry opportunities.
Volume-Price Relationship
The rally’s volume profile lends credibility: Recent gains occurred on above-average volume (3.35M shares vs. 30-day avg 2.75M), with volume expanding during upside sessions. The July 9 volume spike coincided with the resistance breakout, validating buyer conviction. However, declining volume during pullbacks (July 3 at 1.83M) suggests limited selling pressure. Sustained advances require volume persistence above 3M shares.
Relative Strength Index
The 14-day RSI reads 68, approaching overbought territory but not yet signaling exhaustion. While values above 70 traditionally indicate overbought conditions, the indicator’s upward trajectory since mid-June demonstrates strong momentum. Notably, RSI divergence is absent, as recent price highs align with RSI peaks. Current readings suggest room for further upside, though traders should monitor for bearish divergence upon approach to 75.
Fibonacci Retracement
Applying Fibonacci to the swing low ($15.44 on 2024-08-20) and high ($30.44 on 2025-07-09) reveals key levels. The 38.2% retracement ($24.80) aligns with the April consolidation zone and served as support during the May pullback. Current price hovers near the 127.2% extension level ($30.20), indicating potential profit-taking. Critical support lies at the 23.6% retracement ($27.10), which held during multiple June tests. Confluence exists between the 50-DMA ($27.80) and 38.2% retracement, underscoring $27.50–$28.00 as major support.
Confluence points emerge between Fibonacci support ($27.10), the 50-DMA ($27.80), and Bollinger middle band ($28.90), creating a high-probability demand zone. Divergence is noted between MACD’s continued bullish momentum and KDJ’s overbought warning. While volume, RSI, and moving averages support further upside near-term, Bollinger Band positioning and KDJ levels suggest consolidation risks are elevated following the sharp ascent.