Deutsche Bank shares are swaying badly today: An analysis from the financial expert

Deutsche Bank shares are swaying badly today: An analysis from the financial expert

According to a report by stock3.com, Deutsche Bank shares experienced a sudden drop of over 3% today. This decline may be due to profit-taking that occurred after the stock saw extreme price increases in recent weeks.

The stock's recent rally saw it reach the resistance area around EUR 12.50, resulting in many investors already invested in the stock. If no additional buyers are available, an upward move may stall, resulting in profit-taking. The next few days will show whether the rally was fundamentally underpinned or whether it was an exaggeration.

Based on this information, it is likely that profit-taking could continue up to a price level of EUR 12.12 in the short term. An extension up to EUR 11.75 is also possible. It remains to be seen whether the share price will stabilize at this level or whether further declines into the EUR 10.50 range can be expected. This depends on whether the recent price increases were based on a solid basis or were an exaggeration.

This development shows how important it is to check the fundamental basis of price increases in order to avoid excessive price movements. It remains to be seen how Deutsche Bank shares will develop in the next few days and weeks.