The Greedy Trader Weekly Analysis
Sign In May 18, 2018
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DTE Energy Co.
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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend support line
Daily :Daily  MACD line has moved below its signal linePrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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 -2.23 points, or -2.13%, and closed at 102.45 on Friday, May 11, 2018. It was the worst weekly loss since March 2, 2018. Weekly volume was 11% above 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 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 (109.04) 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 uptrend had started on February 6, 2018 at 97.66 and reached 106.24 on April 27, 2018. DTE gained -8.58 points, or -8.79%, in 11 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (103.80) 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 medium-term trend.

Weekly Technical Indicators: [See DTE weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since April 20, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 April 27, 2018 at 106.24 and reached 99.72 on May 9, 2018. DTE lost 6.52 points, or 6.14%, in 12 days. The price is now at the 41.87% retracement level.

Daily Technical Indicators: [See DTE daily technical indicators chart]
Daily technical indicators are neutral.

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

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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 crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 45.80
Williams' Percentage Range (W%R) 70.50
Lane's Stochastic (%D-Slow) 27.53
Greed/Fear Indicator (GFI) 34.26
Moving Average Converg./Diverg. (MACD) 0.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.38
Williams' Percentage Range (W%R) 75.20
Lane's Stochastic (%D-Slow) 65.60
Greed/Fear Indicator (GFI) 47.24
Moving Average Converg./Diverg. (MACD) -1.38
Trading Signals
Description Value Chart
Yearly Trendline Resistance 114.76
Yearly Trendline Support 109.04
Monthly Trendline Resistance 106.35
Upper Bollinger Band 106.13
Weekly Stochastic Crossing 103.98
Parabolic System 103.84
Monthly Trendline Support 103.80
20 Day Moving Average 103.71
50 Day Moving Average 102.97
Price 102.45
Daily Stochastic Crossing 100.97
Lower Bollinger Band 100.42
Sector and Industry
Description Name Rank
Sector Utilities 9
Industry Electric Utilities 115
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 99.72
Low Date 05/09/2018
High 102.71
High Date 05/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 106.24
High Date 04/27/2018
Low 99.72
Low Date 05/09/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 106.35
Support 103.80
Low 97.66
Low Date 02/06/2018
High 106.24
High Date 04/27/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 116.74
High Date 12/04/2017
Low 97.66
Low Date 02/06/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 114.76
Support 109.04
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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