The Greedy Trader Weekly Analysis
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Monthly Pattern:Rising Wedge
Number of records: 1
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Chart Analysis and Chart Pattern Recognition – Rising Wedge Pattern.
A rising wage pattern is a triangle formation with noticeable slant to the upside. It represents the loss of the upside momentum on each successive high and has a bearish bias. Rising wedges pattern usually marks a reversal in an uptrend. In a downtrend, the rising wedge is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Rising Wedge Screening page presents a list of stocks forming Rising Wedge Pattern.
Tips:
# 1
The rising wedge appears in a mature trend characterized by overbought long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, this chart pattern should be considered together with other technical analysis signals and technical trading techniques.
Rising Wedge Pattern,Rising Wedge,Rising Wedge Chart Pattern,Stock Charting, chart pattern, charts, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading
DTE Energy Co.
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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergence
Daily :Williams' Percentage Range is overboughtMACD bearish divergenceDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price touches the upper Bollinger Band
Move cursor over the icon to see details.

It was a first positive week for the DTE Energy Co. (DTE). During the week, the DTE gained 6.76 points, or 6.07%, and closed at 118.14 on Friday, November 09, 2018. Weekly volume was -12% below average.

DTE is a member of Utilities Sector. Utilities is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See DTE long-term trend chart]
A long-term uptrend had started on March 5, 2009 at 23.32 and reached 118.50 on November 9, 2018. DTE gained -95.18 points, or -408.15%, in 505 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (108.16) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See DTE medium-term trend chart]
A medium-term uptrend had started on June 11, 2018 at 94.25 and reached 118.50 on November 9, 2018. DTE gained -24.25 points, or -25.73%, in 21 weeks. Price is near the trend high.

Weekly Technical Indicators: [See DTE weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 22, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See DTE short-term trend chart]
A short-term uptrend had started on November 2, 2018 at 110.41 and reached 118.50 on November 9, 2018. DTE gained -8.09 points, or -7.33%, in 7 days. Price is near the trend high.

Daily Technical Indicators: [See DTE daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price touches the upper Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.14
Williams' Percentage Range (W%R) 19.90
Overbought
Lane's Stochastic (%D-Slow) 79.08
Greed/Fear Indicator (GFI) 74.10
Moving Average Converg./Diverg. (MACD) 0.87 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.97
Bearish
Williams' Percentage Range (W%R) 9.50
Strong Overbought
Lane's Stochastic (%D-Slow) 66.15
Bearish
Greed/Fear Indicator (GFI) 70.25
Moving Average Converg./Diverg. (MACD) 1.84 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 118.16
Price 118.14
Daily Stochastic Crossing 117.64
Yearly Trendline Resistance 116.33
Weekly Stochastic Crossing 114.36
20 Day Moving Average 113.47
50 Day Moving Average 111.97
Parabolic System 111.51
Lower Bollinger Band 109.27
Yearly Trendline Support 108.16
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Electric Utilities 149
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 110.41
Low Date 11/02/2018
High 118.50
High Date 11/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 110.41
Low Date 11/02/2018
High 118.50
High Date 11/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 106.41
Low Date 09/27/2018
High 118.50
High Date 11/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 94.25
Low Date 06/11/2018
High 118.50
High Date 11/09/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 116.33
Support 108.16
Low 23.32
Low Date 03/05/2009
High 118.50
High Date 11/09/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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