The Greedy Trader Weekly Analysis
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Quarterly Price vs. Fibonacci:Near 23.6% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/19/2024 -
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Duke Energy (DUK) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance lineBroken trend resistance line
Daily :MACD bearish divergenceDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a first positive week for the Duke Energy (DUK). During the week, the DUK gained 3.34 points, or 3.52%, and closed at 98.24 on Friday, April 19, 2024. Weekly volume was -8% below average.

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 99.92 on January 10, 2024. DUK gained -16.85 points, or -20.28%, in 13 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (92.80) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 downtrend had started on January 10, 2024 at 99.92 and reached 90.09 on March 1, 2024. DUK lost 9.83 points, or 9.84%, in 7 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (93.01) 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 medium-term trend.

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

The weekly MACD line is above its signal line since March 22, 2024. The distance between MACD and the signal line is low and getting smaller. 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 98.41 on April 19, 2024. DUK gained -5.66 points, or -6.10%, in 3 days. Price is near the trend high.

Daily Technical Indicators: [See DUK daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.59
Williams' Percentage Range (W%R) 40.80
Lane's Stochastic (%D-Slow) 43.07
Greed/Fear Indicator (GFI) 53.62
Moving Average Converg./Diverg. (MACD) 0.26 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.51
Williams' Percentage Range (W%R) 38.90
Lane's Stochastic (%D-Slow) 68.96
Greed/Fear Indicator (GFI) 61.32
Moving Average Converg./Diverg. (MACD) 0.54
Trading Signals
Description Value Chart
Price 98.24
Upper Bollinger Band 97.85
Monthly Trendline Resistance 97.17
Quarterly Trendline Resistance 97.17
Weekly Stochastic Crossing 96.06
Daily Stochastic Crossing 95.63
20 Day Moving Average 95.57
50 Day Moving Average 94.11
Monthly Trendline Support 93.01
Lower Bollinger Band 92.93
Quarterly Trendline Support 92.80
Parabolic System 92.66
Sector and Industry
Description Name Rank
Sector Utilities 11
Industry Electric Utilities 83
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 92.75
Low Date 04/16/2024
High 98.41
High Date 04/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 90.09
Low Date 03/01/2024
High 98.41
High Date 04/19/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 97.17
Support 93.01
High 99.92
High Date 01/10/2024
Low 90.09
Low Date 03/01/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 97.17
Support 92.80
Low 83.07
Low Date 10/06/2023
High 99.92
High Date 01/10/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 116.33
High Date 04/21/2022
Low 83.07
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.