Deutsche Bank AG

DB remains in an advancing Stage 2 within its long-term uptrend. Medium-term bias is bullish, supported by a clear continuation pattern of higher highs and higher lows above rising EMAs. Price is currently pulling back into the rising 9EMA and 20EMA while holding above the 50-day SMA. RSI and Options Score are at moderate levels, showing no signs of exhaustion. Short-term execution conditions favor a Buy Now on this EMA-based pullback.

• ↑Q1 revenue €8.7B (+2% YoY; +6% ex-FX) drove €2B net profit.
• ↑RoTE 12.7% and CET1 ratio 14.2% underpin robust capitalization.
• ↓Rising short interest and downward analyst revisions dent sentiment.