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Deutsche Telekom AG Technical Analysis - Deutsche Telekom AG Trading: 2023-08-11
Deutsche Telekom AG Technical Analysis Summary
Above 18.98
Buy Stop
Below 18.49
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Neutral |
| MA(200) | Sell |
| Fractals | Neutral |
| Parabolic SAR | Buy |
Deutsche Telekom AG Chart Analysis
Deutsche Telekom AG Technical Analysis
The technical analysis of the Deutsche Telekom stock price chart on 4-hour timeframe shows #D-DTE, H4 is rebounding toward the 200-period moving average MA(200) after hitting ten-month low three days ago. We believe the bullish momentum will resume after the price breaches above the upper bound of the Donchian Channel at 18.98. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 18.49. After placing the order, the stop loss is to be moved every day to the next fractal low indicator. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (18.49) without reaching the order (18.98), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Deutsche Telekom AG
Deutsche Telekom stock slid despite the company reporting better than expected Q2 results. Will the Deutsche Telekom stock price reverse its retreating?
Deutsche Telekom revised again its 2023 full-year operating profit target on Thursday. The company now expects 2023 operating profit to now reach €41.0 billion from previous guidance of €40.9 billion. The upgrade amounts to 4% over year growth. Following the earnings report UBS reiterated its Buy rating and a €25.70 price target on the DTE share price. UBS stated they believe the 12% decline in share price over the past 3 months is overdone and is primarily driven by concerns about Amazon's potential offer of a free or heavily discounted mobile service to its US-based Amazon Prime members. Expectations of higher operating profit are bullish for a company stock price. However, DTE stock price closed 0.95% lower on Thursday.
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