Analysts Stay Bullish on Deutsche Telekom Despite Bearish Signals
Despite recent bearish signals, analysts remain bullish on Deutsche Telekom. The stock, trading below its 50-day average, faces headwinds but Deutsche Bank maintains a 'buy' recommendation and BOTSI® Advisor upgrades its ranking.
A '1234 short' signal has been spotted, suggesting potential selling pressure and a possible short-term downturn in the stock market. Chart technicians warn of a correction, while fundamentalists maintain their positive assessment, highlighting a growing discrepancy between chart and fundamental data.
Last week, the stock experienced a sharp sell signal at the close of trading, causing concern among chart technicians. The stock is currently under pressure, with a gap of nearly 19 percent from its 52-week high. The coming trading days will determine which analysis school prevails.
Despite the bearish signals and the stock's significant drop from its 52-week high, analysts remain optimistic. The coming trading days will be crucial in deciding the stock's direction, with chart technicians warning of a correction and fundamentalists sticking to their positive assessment.
Read also:
- Eric Dane Diagnosed with ALS, Advocates for ACT for ALS
- Deepwater Horizon Oil Spill: BP Faces Record-Breaking Settlement - Dubbed 'Largest Environmental Fine Ever Imposed'
- Meta Unveils Ray-Ban AR Display Sunglasses; TikTok Agrees to $200 Million Deal
- Historic downtown temples to receive restoration funds totaling over 25 million pesos
