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Advanced TA SearchArchive
- 4/26/2024 -
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Duke Energy (DUK) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Duke Energy (DUK). During the week, the DUK gave back -0.53 points, or -0.54%, and closed at 97.71 on Friday, April 26, 2024. Weekly volume was -20% 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 (93.16) 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 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 (93.44) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. DUK may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See DUK weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since March 22, 2024. The distance between MACD and the signal line is low, but getting bigger. 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 99.61 on April 25, 2024. DUK gained -6.86 points, or -7.40%, in 9 days. The price is now at the 27.70% retracement level.
 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. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since April 18, 2024. This is an indication that the short-term trend is up.
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