Shares of Deutsche Bank AG (DB) have had a strong start to 2025, with a YTD return of 15.78%, compared to a 54.82% return over the past year. DB shares sit in the favored (green) position of the SIA ADR Index Report at #12. The first attachment shows a clipping from the report featuring the top 12 equities in the favored zone, representing the top relative performers from a universe of 126 names. Notice that other stocks on this list also have a perfect 10 out of 10 SMAX score and rank highly within the SIA system across various reports. Names like Carnival are favored in the SIA S&P 100 Index Report, Kinross Gold holds the #1 position on the SIA S&P/TSX 60 Index Report, and Gildan Activewear also ranks highly on the TSX 60 Report. In other words, Deutsche Bank finds itself among a group of high-performance names, a notable achievement that reflects its strong relative performance. Turning to the point-and-figure (PNF) chart of DB, the column of X's might indicate that buyers are still in control of the stock, even as they break past previous resistance at the $17 level. This level may now serve as support, specifically at the $17.10 mark on the PNF chart. Below this level, there may be further support at $15.19, consistent with share prices during the 2022 timeframe. To the upside, resistance is calculated using prior trading PNF trading ranges to the $21.26 nearer-term level, while another more intermediate range in early 2024 may be used to extrapolate the $24.43 level. While the German stock market faced challenges following the Russian invasion of Ukraine and the explosion of the Nord Stream pipeline, which affected Germany's energy supply and manufacturing, banks are early leaders but they are not alone. Names like Siemens were discussed earlier in the week in our Daily Stock Report, along with neighboring Poland, which was discussed in the last Equity Leaders Weekly, both of which might be good reads to bring context to this report on Deutsche Bank.
Next, the SIA monthly candlestick chart shows a break of resistance with the tall green candle circled. Below this candle, support builds at the $17 level, with the $14 level acting as a more long-term floor. One area still underdeveloped is the volume reading, which remains muted. A downward slope in the volume bars indicates a need for increased volume to confirm the breakout. In the meantime, Deutsche Bank carries a perfect SIA SMAX score of 10 out of 10, a near-term indicator comparing the asset to other asset classes.
Disclaimer: SIACharts Inc. specifically represents that it does not give investment advice or advocate the purchase or sale of any security or investment whatsoever. This information has been prepared without regard to any particular investors investment objectives, financial situation, and needs. None of the information contained in this document constitutes an offer to sell or the solicitation of an offer to buy any security or other investment or an offer to provide investment services of any kind. As such, advisors and their clients should not act on any recommendation (express or implied) or information in this report without obtaining specific advice in relation to their accounts and should not rely on information herein as the primary basis for their investment decisions. Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources, believed to be reliable. SIACharts Inc. nor its third party content providers make any representations or warranties or take any responsibility as to the accuracy or completeness of any recommendation or information contained herein and shall not be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. Any statements nonfactual in nature constitute only current opinions, which are subject to change without notice.
