The current minus in Commerzbank shares is 0.36 percent to EUR 4.916, although it is minimal, given the latest developments in the MDAX share price, it should still be understood as a potential warning sign. We already drew attention to the background in the 4investors chart check yesterday – at a share price at 5.176 euros. In the meantime, the share price fell below the first smaller support zone by 5.02 / 5.06 euros, after a rally from 3.96 euros to 5.208 euros, the share price had dropped well below the recovery high of 5.35 euros on September 7th.
In terms of chart technology, there is still a clearly recognizable risk that the trend will tip down. The next technical support for the Commerzbank share can be found between EUR 4.86 and EUR 4.77 / EUR 4.82. Further sales signals to these brands would clearly substantiate the trend change risks. In this case, the share price of the financial services provider could be pushed further towards the EMA 200. The range 5.21 / 5.35 euros, on the other hand, is initially a high hurdle for the Commerzbank share. A stable price increase above this would be a very strong buy signal in terms of chart technology.