The Greedy Trader Weekly Analysis
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DTE Energy Co.
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Summary:
Weekly :Oversold sectorOversold industryWilliams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineBroken trend support lineBroken trend support line
Daily :Daily  MACD line has moved below its signal lineBroken trend resistance lineWilliams' Percentage Range and Lane's Stochastic are oversoldBullish Ladder Bottom Candlestick
Move cursor over the icon to see details.

It was the negative week for the DTE Energy Co. (DTE). During the week, the DTE dropped -2.22 points, or -2.15%, and closed at 101.06 on Friday, February 09, 2018. Weekly volume was 112% above average.

DTE is a member of Utilities Sector. Utilities is the most oversold sector. DTE is a member of Electric Utilities Industry. Electric Utilities is the seventh most oversold industry. 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 (106.71) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. DTE may retest the broken support line. It is considered to be a resistance 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 support in a long-term trend.

Medium-term trend: [See DTE medium-term trend chart]
A medium-term uptrend had started on June 16, 2015 at 73.23 and reached 116.74 on December 4, 2017. DTE gained -43.51 points, or -59.42%, in 128 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (103.93) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. DTE may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.

Weekly Technical Indicators: [See DTE weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 and Williams' Percentage Range help.

The weekly MACD line is below its signal line since December 15, 2017. The distance between MACD and the signal line is near its 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 downtrend had started on February 1, 2018 at 106.35 and reached 97.66 on February 6, 2018. DTE lost 8.69 points, or 8.17%, in 5 days. The chart has formed a Falling Pennant chart pattern. The downtrend resistance line (98.89) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a short-term trend.

Daily Technical Indicators: [See DTE daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic.

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

Candlestick pattern: [See DTE candlestick chart pattern]
On Friday the chart has formed a Bullish Ladder Bottom Candlestick pattern. A Bullish Ladder Bottom pattern occurs in a downtrend, it may signal a trend reversal. The reliability of the Bullish Ladder Bottom pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Ladder Bottom Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.78
Williams' Percentage Range (W%R) 87.20
Oversold
Lane's Stochastic (%D-Slow) 18.56
Oversold
Greed/Fear Indicator (GFI) 24.70
Moving Average Converg./Diverg. (MACD) -1.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.89
Williams' Percentage Range (W%R) 94.20
Strong Oversold
Lane's Stochastic (%D-Slow) 8.89
Strong Oversold
Greed/Fear Indicator (GFI) 16.84
Oversold
Moving Average Converg./Diverg. (MACD) 0.47
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 119.01
Yearly Trendline Resistance 112.43
50 Day Moving Average 107.75
Upper Bollinger Band 107.47
Yearly Trendline Support 106.71
Quarterly Trendline Support 103.93
20 Day Moving Average 103.23
Parabolic System 102.52
Monthly Trendline Resistance 102.52
Price 101.06
Daily Stochastic Crossing 99.54
Weekly Stochastic Crossing 99.30
Monthly Trendline Support 99.17
Lower Bollinger Band 99.14
Weekly Trendline Support 98.89
Weekly Trendline Resistance 97.65
Sector and Industry
Description Name Rank
Sector Utilities 1
Industry Electric Utilities 7
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 98.48
Low Date 02/08/2018
High 101.86
High Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 97.65
Support 98.89
High 106.35
High Date 02/01/2018
Low 97.66
Low Date 02/06/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 102.52
Support 99.17
High 116.74
High Date 12/04/2017
Low 97.66
Low Date 02/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 119.01
Support 103.93
Low 73.23
Low Date 06/16/2015
High 116.74
High Date 12/04/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 112.43
Support 106.71
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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