After weeks of a volatile trading phase and a rough sideways movement, visible confidence prevailed on the financial markets on Monday and provided clear upward momentum. Banks also benefit from this, such as the securities of Commerzbank.
This year too, the Commerzbank as a loss year. After a hopeful upswing in 2017, larger discounts have recently followed, with the security of the Commerzbank this year’s low. However, the chart has visibly brightened since then. A jump above the resistance level from the end of 2019 by 5.00 euros has not yet occurred. Nonetheless, sustainable support can be seen around 3.86 euros, the current weekly candle is particularly strong and implies a timely test of the hurdle from the end of 2019. Should a breakthrough succeed, the way towards the current annual highs should be clear in the next few weeks will.
Recovery is progressing
The price increase over the short-term downward trend that has existed since September of this year is to be assessed as positive on balance, and the 50-week average of 4.65 euros was overcome in the course of this. That has now released price potential at EUR 5.35, but only above that will a return to EUR 6.00 and above that the current annual highs of EUR 6.83 become likely. From a technical point of view, a 1-2-3 recovery movement should be completed. Should buyers withdraw unexpectedly and the CommerzbankIf the share drops below EUR 3.85, this would initially be accompanied by a clear sell signal in the direction of EUR 3.50, below which a test of the current annual lows of EUR 2.80 would inevitably be expected.
- Resistances: 5.00; 5.18; 5.35; 5.52; 5.81; 5.99 euros
- Supports: 4.82; 4.65; 4.46; 4.31; 4.10; 3.86 euros
Commerzbank in euros in the daily chart; 1 candle = 1 day (logical candle chart display)
Observation period: 23.10.2019 – 13.11.2020. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de/underlying/DE000CBK1001
Commerzbank in Euro in the weekly chart; 1 candle = 1 week (logical candle chart display)
Observation period: 09.11.2015 – 13.11.2020. Historical considerations are not reliable indicators for future developments. Source: tradingdesk.onemarkets.de/underlying/DE000CBK1001
Bonus cap certificates on Commerzbank shares for speculation that the stock will move sideways or moderately upwards
|Underlying||WKN||Selling price in EUR||Barrier in EUR||Cap (upper price limit) in EUR||Final valuation date|
|Commerzbank||HR1DTF||5.88||3.80||6.25||December 18, 2020|
|Commerzbank||HR1DTM||5.28||3.20||5.75||March 19, 2021|
Source: HypoVereinsbank onemarkets; Status: October 13, 2020; 1:20 pm
You can find information about Bons-Cap certificates in our brochure or our little film.
Turbo Bull warrants on Commerzbank for speculation on a rise in the share
|Underlying||WKN||Selling price in EUR||Base price / knock-out in euros||last valuation day|
|Commerzbank||HR0K3J||0.95||3.90||December 16, 2020|
Source: HypoVereinsbank onemarkets; 11/13/2020; 14:00 clock
Turbo Bear warrants on Commerzbank for speculation on a share price loss
|Underlying||WKN||Selling price in EUR||Base price / knock-out in pts.||last valuation day|
|Commerzbank||HR0ZTV||0.97||5.80||December 16, 2020|
|Commerzbank||HR0URC||0.62||5.45||December 16, 2020|
Source: HypoVereinsbank onemarkets; 11/13/2020; 2:02 pm
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The Commerzbank contribution – buyers step on the gas first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).