GER · EQUITY · ENHANCED MARKET DYNAMICS

DBK

Deutsche Bank Aktiengesellschaft

DE · Financial Services · Banks - Regional

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EMD SCORE56/100

CURRENT COMPLETED-WEEK READ

Balanced

Constructive and cautious evidence are close enough to require confirmation. Conditions remain positive, but momentum has eased.

Constructive fade50% directional agreement84/100 evidence quality6/6 sources available

Completed week: 9 Oct 2026
Latest close: EUR 29.92
Evidence: 156 weeks

Four-week EMD change-40.2 pts

signed chart scale −100 to +100

Four-week price-14.1%

completed closing prices

Current directional run18 weeks

on the same side of EMD zero

Recent consistency13/13

recent readings above zero

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

3 supportive · 1 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks · bars use the left EMD axis; price uses the right axis.

20 Oct 2023–9 Oct 2026

Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation

Confirmation markers describe price-zone departures within this saved history. Earlier markers can change as the history changes; they are not a record of signals available in real time.

Cycle position 88%Current EMD +12.14-week EMD change -40.2Full saved history price range EUR 8.69–35.57

View chart values · 156 observations

Week	Close · EUR	EMD −100 to +100	Score /100	Agreement %	Coverage %
2023-10-20	8.69	12.14	56	20	83
2023-10-27	9.49	54.64	77	100	83
2023-11-03	9.72	54.33	77	100	83
2023-11-10	9.57	44.64	72	100	100
2023-11-17	10.19	70.25	85	100	100
2023-11-24	10.13	51.23	76	67	100
2023-12-01	10.51	66.43	83	100	100
2023-12-08	10.78	71.69	86	100	100
2023-12-15	11.04	69.22	85	100	100
2023-12-22	11.29	75.56	88	100	100
2023-12-29	11.28	68.32	84	100	100
2024-01-05	11.46	73.62	87	100	100
2024-01-12	10.99	48.78	74	67	100
2024-01-19	10.77	58.2	79	100	100
2024-01-26	11.02	59.3	80	100	100
2024-02-02	11.70	78.09	89	100	100
2024-02-09	10.58	36.29	68	67	100
2024-02-16	10.93	52.9	76	100	100
2024-02-23	11.30	58.94	79	100	100
2024-03-01	11.46	51.54	76	100	100
2024-03-08	11.68	59.39	80	100	100
2024-03-15	12.43	71.91	86	100	100
2024-03-22	12.93	74.74	87	100	100
2024-03-29	13.30	72.31	86	100	100
2024-04-05	13.46	71.85	86	100	100
2024-04-12	13.49	72.75	86	100	100
2024-04-19	13.64	77.62	89	100	100
2024-04-26	15.08	82.63	91	100	100
2024-05-03	13.92	62.13	81	67	100
2024-05-10	14.48	76.65	88	100	100
2024-05-17	14.68	76.89	88	100	100
2024-05-24	14.76	72.45	86	100	100
2024-05-31	14.29	67.78	84	100	100
2024-06-07	14.36	68.72	84	100	100
2024-06-14	13.53	45.97	73	67	100
2024-06-21	13.57	37.25	69	67	100
2024-06-28	13.99	49.03	75	100	100
2024-07-05	14.70	47.18	74	67	100
2024-07-12	14.37	37.13	69	33	100
2024-07-19	14.09	34.45	67	33	100
2024-07-26	13.53	20.04	60	20	100
2024-08-02	12.37	0.43	50	20	100
2024-08-09	12.48	1.02	51	0	100
2024-08-16	13.18	6.22	53	20	100
2024-08-23	13.80	17.12	59	60	100
2024-08-30	13.84	27.81	64	60	100
2024-09-06	13.77	27.0	64	60	100
2024-09-13	13.73	13.5	57	33	100
2024-09-20	14.24	27.68	64	60	100
2024-09-27	14.60	45.85	73	100	100
2024-10-04	14.81	52.58	76	100	100
2024-10-11	15.26	62.9	81	100	100
2024-10-18	15.21	57.76	79	100	100
2024-10-25	14.71	39.39	70	67	100
2024-11-01	14.85	54.65	77	100	100
2024-11-08	14.57	33.5	67	67	100
2024-11-15	15.08	55.9	78	100	100
2024-11-22	14.60	33.84	67	67	100
2024-11-29	15.09	54.31	77	100	100
2024-12-06	15.82	62.03	81	100	100
2024-12-13	16.02	62.0	81	100	100
2024-12-20	15.25	43.29	72	67	100
2024-12-27	15.52	52.82	76	100	100
2025-01-03	15.93	54.7	77	100	100
2025-01-10	16.05	53.92	77	100	100
2025-01-17	17.38	75.4	88	100	100
2025-01-24	17.88	73.26	87	100	100
2025-01-31	17.78	68.6	84	100	100
2025-02-07	17.45	70.66	85	100	100
2025-02-14	18.07	68.13	84	100	100
2025-02-21	18.44	65.87	83	100	100
2025-02-28	19.45	79.88	90	100	100
2025-03-07	20.74	83.32	92	100	100
2025-03-14	20.70	79.77	90	100	100
2025-03-21	20.91	75.8	88	100	100
2025-03-28	20.82	64.09	82	67	100
2025-04-04	17.64	41.74	71	67	100
2025-04-11	18.12	61.05	81	100	100
2025-04-18	19.41	56.89	78	100	100
2025-04-25	21.11	61.11	81	100	100
2025-05-02	22.06	68.67	84	100	100
2025-05-09	22.68	71.22	86	100	100
2025-05-16	23.42	71.28	86	100	100
2025-05-23	23.24	69.92	85	100	100
2025-05-30	23.50	59.15	80	67	100
2025-06-06	23.83	71.54	86	100	100
2025-06-13	23.04	53.38	77	67	100
2025-06-20	23.15	53.97	77	67	100
2025-06-27	25.08	75.65	88	100	100
2025-07-04	23.62	53.65	77	67	100
2025-07-11	24.49	70.84	85	100	100
2025-07-18	24.94	75.24	88	100	100
2025-07-25	27.36	79.58	90	100	100
2025-08-01	27.11	65.1	83	67	100
2025-08-08	29.96	82.81	91	100	100
2025-08-15	30.14	77.33	89	100	100
2025-08-22	30.58	80.02	90	100	100
2025-08-29	28.97	63.77	82	67	100
2025-09-05	28.82	67.23	84	100	100
2025-09-12	30.44	76.95	88	100	100
2025-09-19	29.83	58.22	79	67	100
2025-09-26	29.47	67.42	84	100	100
2025-10-03	29.21	67.82	84	100	100
2025-10-10	29.02	58.23	79	100	100
2025-10-17	27.64	39.35	70	60	100
2025-10-24	27.98	43.19	72	67	100
2025-10-31	29.84	49.29	75	67	100
2025-11-07	29.99	41.62	71	60	100
2025-11-14	30.75	39.61	70	33	100
2025-11-21	28.35	28.91	64	33	100
2025-11-28	29.53	44.88	72	67	100
2025-12-05	30.02	43.7	72	67	100
2025-12-12	30.48	33.25	67	33	100
2025-12-19	31.80	62.12	81	100	100
2025-12-26	32.13	58.16	79	100	100
2026-01-02	32.38	62.29	81	100	100
2026-01-09	31.89	50.02	75	67	100
2026-01-16	32.37	63.61	82	100	100
2026-01-23	31.73	62.12	81	100	100
2026-01-30	32.13	65.43	83	100	100
2026-02-06	30.15	31.29	66	60	100
2026-02-13	28.56	7.02	54	0	100
2026-02-20	29.96	16.92	58	33	100
2026-02-27	29.23	-2.72	49	20	100
2026-03-06	25.98	-25.32	37	67	100
2026-03-13	24.59	-31.92	34	67	100
2026-03-20	23.89	-34.26	33	67	100
2026-03-27	24.04	-26.04	37	60	100
2026-04-03	24.77	-26.05	37	60	100
2026-04-10	26.73	-9.03	45	0	100
2026-04-17	27.89	-5.25	47	0	100
2026-04-24	26.11	-24.71	38	60	100
2026-05-01	25.57	-28.94	36	50	100
2026-05-08	26.21	-26.65	37	60	100
2026-05-15	25.76	-35.71	32	67	100
2026-05-22	27.17	-14.15	43	20	100
2026-05-29	27.86	-9.55	45	20	100
2026-06-05	27.53	-8.05	46	0	100
2026-06-12	28.74	9.9	55	50	100
2026-06-19	31.12	32.44	66	100	100
2026-06-26	29.63	22.94	61	100	100
2026-07-03	31.83	39.29	70	100	100
2026-07-10	31.35	39.83	70	100	100
2026-07-17	30.83	32.96	66	100	100
2026-07-24	30.59	36.03	68	100	100
2026-07-31	31.88	43.39	72	67	100
2026-08-07	32.89	54.46	77	100	100
2026-08-14	33.38	62.12	81	100	100
2026-08-21	32.38	59.52	80	100	100
2026-08-28	34.90	72.3	86	100	100
2026-09-04	35.57	73.17	87	100	100
2026-09-11	34.84	52.29	76	67	100
2026-09-18	33.05	45.72	73	67	100
2026-09-25	31.76	38.09	69	67	100
2026-10-02	30.94	26.91	63	60	100
2026-10-09	29.92	12.08	56	50	100

SIX SOURCES · LAST 26 OBSERVATIONS

Is support broadening or thinning?

Green is supportive, rose is cautious.
Grey means the reading is unavailable.

Reading	17 Apr	24 Apr	1 May	8 May	15 May	22 May	29 May	5 Jun	12 Jun	19 Jun	26 Jun	3 Jul	10 Jul	17 Jul	24 Jul	31 Jul	7 Aug	14 Aug	21 Aug	28 Aug	4 Sep	11 Sep	18 Sep	25 Sep	2 Oct	9 Oct
Trend	17	5	4	6	5	14	22	19	37	59	47	61	59	57	56	97	99	99	98	100	100	100	98	93	86	71
Momentum	62	55	46	40	33	51	61	65	79	86	80	89	84	67	78	77	85	90	85	91	91	84	72	57	46	44
Underlying pressure	22	23	24	25	25	31	40	46	56	67	72	79	82	80	79	78	80	85	88	91	93	94	95	91	82	64
Price & volume	67	43	45	56	40	66	52	48	56	52	48	51	50	51	56	43	47	54	55	63	55	14	16	30	30	27
Relative strength	41	26	18	23	23	26	31	31	48	72	57	67	70	66	58	66	67	71	64	83	91	90	80	65	57	46
Modeled Trend	68	65	62	60	57	57	57	57	59	61	66	70	74	78	81	83	85	87	89	89	90	91	91	91	91	90

Each cell is a finished component score from 0–100. Components can disagree even when the combined reading stays positive.

STRONGEST CURRENT SOURCE

Modeled Trend

90/100

LEAST SUPPORTIVE SOURCE

Price & volume

27/100

WHAT WOULD CHANGE THE READ?

Three paths to keep in view

Conditional research scenarios.
No assumed price target or timing.

Continuation

Price and evidence stay together

Look for the current direction to hold across trend, pressure and relative strength. A rising price with weaker EMD is a less convincing continuation.

Change of direction

Watch for loss of support

If price keeps rising while EMD falls, inspect which readings are weakening. Broad deterioration matters more than a single soft week.

Cycle context

A range extreme is a location

An upper zone can persist during a strong advance; a lower zone can persist during a decline. Use departures, EMD direction and the related price charts together.

EARLIER COMPARABLE READINGS

What followed similar conditions?

Same ticker · similar score and direction of change.
Returns exclude costs and dividends.

4 WEEKS LATER+2.6%

Median price return · 4 non-overlapping examples

Observed range: -13.8% to +12.2%
Positive returns: 75%
All-period comparison: +2.8% median

13 WEEKS LATER+5.7%

Median price return · 3 non-overlapping examples

Observed range: -9.3% to +8.7%
Positive returns: 67%
All-period comparison: +14.4% median

How these comparisons are selected

Earlier observations must have the same constructive/fading/repair/deterioration condition, a score within ten points of today’s score and at least the same component coverage. The first 30 observations are omitted for warm-up; examples are spaced by the forward horizon to avoid overlap. Gapped return windows are excluded. The all-period comparison uses the same available history and spacing, without matching the current state. These are reconstructed observations, not a point-in-time strategy backtest or a forecast.

RECENT CYCLE HISTORY

How the current reading developed

9 Oct 2026Down-cycle confirmedEUR 29.92

6 Mar 2026Down-cycle confirmedEUR 25.98

26 Jul 2024Down-cycle confirmedEUR 13.53

14 Jun 2024Down-cycle confirmedEUR 13.53

12 Apr 2024Upper cycle zone confirmedEUR 13.49

THE FULL PRICE CYCLE

Follow the journey from one zone to the other

Cycle states use trailing completed-week observations.

Lower zone

Price establishes residence near the bottom of its long-cycle range. Improving EMD separates early repair from continued deterioration.

Upward journey

Price leaves the lower zone while EMD confirms improving participation. The objective is the broader move toward the upper zone, not a short weekly trade.

Upper zone

Price establishes residence near the top of its long-cycle range. A high range position can persist. Watch EMD for exhaustion and loss of support before interpreting it as a turn.

Downward journey

Price leaves the upper zone while EMD weakens. The reverse cycle remains active until lower-zone residence is confirmed again.

CURRENT READINGS