With today’s price increase, the Deutz share can further expand its latest technical buy signal. This week, the SDAX stock managed to rise above the resistance area at 4.75 / 4.82 euros, which was confirmed yesterday. Today, the share price of the Cologne-based engine manufacturer can move upwards from the brand and has reached a daily high of 5.14 euros. At the same time, this is the new high of the recovery movement after the Corona crash had thrown the Deutz share back to 2.624 euros – reached in mid-March of this year.
At EUR 5.17 / EUR 5.22, further chart technical obstacles of the higher kind are not far removed from the previous day’s high. The Deutz share is currently only listed at EUR 5.076. The fact that the share price of the SDAX share broke out too clearly above the upper Bollinger band at 4.991 euros, and the trend is rising, may also have contributed to the setback. Smaller hurdles at 4.95 / 4.98 euros have not yet been breached today, so that the bullish situation in the Deutz chart is retained for the time being.
The latest analysts’ opinions on Deutz shares come from Hauck & Aufhäuser (buy recommendation with price target 7.50 euros) and Kepler Cheuvreux (buy recommendation with price target 5.50 euros). Both analyst firms have thus confirmed their ratings for the title.