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Advanced TA SearchArchive
- 5/3/2024 -
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Duke Energy (DUK) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Duke Energy (DUK). During the week, the DUK gained 2.55 points, or 2.61%, and closed at 100.26 on Friday, May 3, 2024. DUK was trading at average weekly trading volume.
DUK 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 DUK long-term trend chart]
A long-term uptrend had started on October 6, 2023 at 83.07 and reached 100.56 on May 1, 2024. DUK gained -17.49 points, or -21.05%, in 29 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (93.53) 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 DUK medium-term trend chart]
A medium-term uptrend had started on March 1, 2024 at 90.09 and reached 100.56 on May 1, 2024. DUK gained -10.47 points, or -11.62%, in 8 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See DUK weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 March 22, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See DUK short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 92.75 and reached 100.56 on May 1, 2024. DUK gained -7.81 points, or -8.42%, in 15 days. Price is near the trend high.
Daily Technical Indicators: [See DUK daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range.
The daily MACD line is above its signal line since April 18, 2024. This is an indication that the short-term trend is up.
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 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.
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