The German global banking and financial services firm follows a pronounced decline in the long run.

With possible sanctions to come for the financial group as it is suspected of violating U.S. economic restrictions imposed against Iran, Cuba and Sudan, not encouraging expectations could be reckoned. According to financial statements the company missed estimates on earnings by 75% in 2013 with an EPS of only €0.87 against forecasts at €2.42. Its corporate investment banking division slumped by more than 14%, where operations in Germany and America were the less productive. Thus, repeated falls in analysts’ revisions regarding the EPS is not a surprise.

According to technical data, lower levels as the EUR 23.2 pivot point could be soon attained if the stock drops under the EUR 25.6 midterm support. All moving averages reinforce the bearish scenario as they are still showing declining slopes in all time scales.

Going short on Deutsche Bank may be wise while targeting the EUR 23.2 and EUR 21.7. A stop loss might be set above the EUR 26.8, level matching with the trendline and that invalidates the bearish strategy.