Deutsche Post share: A lot of negative things came together on Thursday – and now?

Several news items put Deutsche Post shares under heavy pressure yesterday. The company is said to be interested in taking over rail logistics division Schenker. Then there was the conflicting sound of analysts: JP Morgan gave Post’s shares a „Negative Catalyst Watch” and warned of a possible cut in medium-term targets – but at the same time, interestingly, raised the price target to € 1.50 from € 1.50. . 6. 0. In the afternoon, US economic data weighed heavily on the Bonn-based company’s share price. At 36.085 euros and more than 7 percent, the huge loss of the DAX title remained at the end of XETRA trading. Current Friday morning rates are €35,955 / €35,995 just before XETRA trading begins. Apart from negative news factors, , shares of Deutsche Post (WKN: 555200, ISIN: DE000555200 , Chart) added a technical sell signal to the chart during the day. The DAX share price fell below the support of EUR 27.52 / 37.60, which limited further downward consolidation in recent days. Yesterday brought a new fall to this so far very moderate concentration of Posti’s share price. Can Posti stock reverse yesterday’s decline? For Deutsche Post shares, it now depends on whether further selling signals appear after falling below €36.25 / €36. 8 or whether the share price can stabilize. Smaller supports can be received around 35 euros, this support zone ends at 35.16 euros. Further sell signals may then push Posti’s share price towards the support area, which starts below EUR 3 .18.

Michael Cooper

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