The Greedy Trader Weekly Analysis
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Uptrend Exhaustion

Uptrend Exhaustion stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.

Uptrend Exhaustion

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- 3/15/2024 -
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DTE Energy Co. (DTE) Technical Analysis

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Summary:
Weekly :Oversold sectorPrice is near the Fibonacci 38.2% retracement levelPrice is near the Fibonacci 23.6% retracement level
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was the negative week for the DTE Energy Co. (DTE). During the week, the DTE dropped -4.34 points, or -3.85%, and closed at 108.48 on Friday, March 15, 2024. DTE was trading at average weekly trading volume.

DTE is a member of Utilities Sector. Utilities is the most oversold 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 downtrend had started on April 21, 2022 at 140.23 and reached 90.14 on October 6, 2023. DTE lost 50.09 points, or 35.72%, in 76 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See DTE medium-term trend chart]
A medium-term uptrend had started on October 6, 2023 at 90.14 and reached 114.62 on December 14, 2023. DTE gained -24.48 points, or -27.16%, in 9 weeks. Price is near the Fibonacci 23.6% retracement level.

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

The weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. 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 March 11, 2024 at 114.05 and reached 108.01 on March 15, 2024. DTE lost 6.04 points, or 5.30%, in 4 days. The price is now at the 7.78% retracement level.

Daily Technical Indicators: [See DTE daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 link to access Lane's Stochastic help.

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 fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

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.

Price is close to the 50 Day Moving Average. 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) 59.49
Williams' Percentage Range (W%R) 72.80
Lane's Stochastic (%D-Slow) 48.93
Greed/Fear Indicator (GFI) 45.20
Moving Average Converg./Diverg. (MACD) 1.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.74
Williams' Percentage Range (W%R) 29.30
Lane's Stochastic (%D-Slow) 59.51
Greed/Fear Indicator (GFI) 59.69
Moving Average Converg./Diverg. (MACD) 0.06
Trading Signals
Description Value Chart
Parabolic System 113.92
Upper Bollinger Band 113.29
Daily Stochastic Crossing 110.40
Weekly Stochastic Crossing 110.18
20 Day Moving Average 109.40
Price 108.48
50 Day Moving Average 107.45
Lower Bollinger Band 105.39
Sector and Industry
Description Name Rank
Sector Utilities 1
Industry Electric Utilities 24
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 114.05
High Date 03/11/2024
Low 108.01
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 102.17
Low Date 01/24/2024
High 114.05
High Date 03/11/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 90.14
Low Date 10/06/2023
High 114.62
High Date 12/14/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 140.23
High Date 04/21/2022
Low 90.14
Low Date 10/06/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 145.43
High Date 05/10/2021
Low 90.14
Low Date 10/06/2023
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.