The Greedy Trader Weekly Analysis
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DTE Energy Co.
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Summary:
Weekly :Overbought sectorBroken trend support lineWilliams' Percentage Range and Lane's Stochastic are strongly overboughtBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtRelative Strength Index and MACD bearish divergencePrice is near the Fibonacci 23.6% retracement level
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It was a fourth consecutive positive week for the DTE Energy Co. (DTE). During the week, the DTE climbed 0.24 points, or 0.22%, and closed at 110.34 on Friday, August 10, 2018. DTE was trading at average weekly trading volume.

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 116.74 on December 4, 2017. DTE gained -93.42 points, or -400.60%, in 456 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (111.37) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a long-term trend.

Medium-term trend: [See DTE medium-term trend chart]
A medium-term downtrend had started on December 4, 2017 at 116.74 and reached 94.25 on June 11, 2018. DTE lost 22.49 points, or 19.27%, in 27 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (92.54) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. DTE may retest the broken resistance line. It is considered to be a support line now. 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 medium-term trend.

Weekly Technical Indicators: [See DTE weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 22, 2018. The distance between MACD and the signal line is relatively high and getting bigger. 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 August 1, 2018 at 106.27 and reached 111.73 on August 10, 2018. DTE gained -5.46 points, or -5.14%, in 9 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See DTE daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index and MACD have bearish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since August 2, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.14
Bearish
Williams' Percentage Range (W%R) 10.80
Overbought
Lane's Stochastic (%D-Slow) 86.99
Overbought
Greed/Fear Indicator (GFI) 82.76
Overbought
Moving Average Converg./Diverg. (MACD) 1.64 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.37
Williams' Percentage Range (W%R) 4.30
Strong Overbought
Lane's Stochastic (%D-Slow) 91.46
Strong Overbought
Greed/Fear Indicator (GFI) 82.70
Overbought
Moving Average Converg./Diverg. (MACD) -0.58
Trading Signals
Description Value Chart
Yearly Trendline Resistance 117.09
Monthly Trendline Resistance 112.60
Upper Bollinger Band 111.39
Yearly Trendline Support 111.37
Daily Stochastic Crossing 110.96
Monthly Trendline Support 110.73
Weekly Stochastic Crossing 110.68
Price 110.34
Parabolic System 108.34
20 Day Moving Average 108.33
Lower Bollinger Band 105.11
50 Day Moving Average 104.03
Quarterly Trendline Resistance 98.50
Quarterly Trendline Support 92.54
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Electric Utilities 138
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 106.27
Low Date 08/01/2018
High 111.73
High Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 106.27
Low Date 08/01/2018
High 111.73
High Date 08/10/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 112.60
Support 110.73
Low 94.25
Low Date 06/11/2018
High 111.73
High Date 08/10/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 98.50
Support 92.54
High 116.74
High Date 12/04/2017
Low 94.25
Low Date 06/11/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 117.09
Support 111.37
Low 23.32
Low Date 03/05/2009
High 116.74
High Date 12/04/2017
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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