Deutsche Telekom's stock has fallen to its lowest level in a year, driven by negative market sentiment and increased competition from US telecom giants. The share price recently dropped below key support levels, with technical analysis indicating potential further declines towards 26.60-26.98 EUR. Despite strong financials, fears of intensified competition, especially from Verizon's renewed efforts in the US and possible mergers among German competitors like Telefónica and 1&1, have spooked investors. The stock is down nearly 3% since the start of the year and 13% over the past three months, now trading below 28 EUR. Meanwhile, JPMorgan has upgraded Deutsche Telekom to 'Overweight,' citing growth potential and strategic opportunities. However, market sentiment remains cautious, with analysts warning of possible further downside if support levels are broken. The overall outlook is mixed, with technical signals suggesting a short-term bounce might occur if the stock stabilizes around 26.60 EUR, but a break below this could trigger a significant decline.