Deutsche Telekom shares recover past €26 support level

After sliding to its lowest price since August 2024, the Deutsche Telekom (DTE) stock rebounded in early July, regaining the key €26.00 support zone. The rally came amid heightened market anxiety and rumors that SpaceX may enter the mobile‑network market and that Deutsche Telekom could consider a takeover of T‑Mobile US. Technical analysis notes that despite the multi‑year low, bullish divergences in RSI and MACD suggested an underlying upward trend, helping the shares bounce back above the support range.

Analysts see the recovery as a possible short‑term relief rather than a permanent reversal of the broader downtrend that has weighed on the stock throughout the year.