The Greedy Trader Weekly Analysis
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Monthly Price vs. Trendline:Testing Support
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Trend Line Resistance Trend Line Support Resistance.
Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.
Resistance Trend Line,Trend Line Resistance,Trend Line Support,Support Resistance,support and resistance,chart trend line,trend support

DTE Energy Co. (DTE)

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Summary:
Weekly :Broken trend support lineOversold sector
Daily :Relative Strength Index is overboughtThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the DTE Energy Co. (DTE). During the week, the DTE gained 1.50 points, or 1.22%, and closed at 124.94 on Friday, November 29, 2019. Weekly volume was -24% below average.

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 uptrend had started on March 5, 2009 at 23.32 and reached 134.37 on September 26, 2019. DTE gained -111.05 points, or -476.20%, in 551 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 106.39 and resistance is at 143.95. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See DTE medium-term trend chart]
A medium-term uptrend had started on June 11, 2018 at 94.25 and reached 134.37 on September 26, 2019. DTE gained -40.12 points, or -42.57%, in 67 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (133.04) 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 medium-term trend.

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

The weekly MACD line is below its signal line since July 19, 2019. The distance between MACD and the signal line is near its high, but getting smaller. Use the following link to access a MACD help.

Short-term trend: [See DTE short-term trend chart]
A short-term uptrend had started on November 12, 2019 at 120.08 and reached 125.63 on November 29, 2019. DTE gained -5.55 points, or -4.62%, in 17 days. The price is now at the 12.43% retracement level.

Daily Technical Indicators: [See DTE daily technical indicators chart]
Daily Relative Strength Index is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index. 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 Relative Strength Index help.

The daily MACD line is above its signal line since November 15, 2019. This is an indication that the short-term trend is up.

During the last week, the price has moved above 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.11
Overbought
Williams' Percentage Range (W%R) 36.90
Lane's Stochastic (%D-Slow) 79.93
Greed/Fear Indicator (GFI) 75.03
Moving Average Converg./Diverg. (MACD) -1.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.25
Williams' Percentage Range (W%R) 65.40
Lane's Stochastic (%D-Slow) 20.72
Greed/Fear Indicator (GFI) 33.39
Moving Average Converg./Diverg. (MACD) 1.09
Trading Signals
Description Value Chart
Yearly Trendline Resistance 143.95
Quarterly Trendline Resistance 137.76
Quarterly Trendline Support 133.04
Upper Bollinger Band 127.62
50 Day Moving Average 127.49
Daily Stochastic Crossing 125.05
Price 124.94
20 Day Moving Average 123.48
Monthly Trendline Resistance 123.18
Weekly Stochastic Crossing 122.62
Parabolic System 121.34
Lower Bollinger Band 121.31
Monthly Trendline Support 115.61
Yearly Trendline Support 106.39
Sector and Industry
Description Name Rank
Sector Utilities 1
Industry Electric Utilities 50
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 122.30
Low Date 11/19/2019
High 125.63
High Date 11/29/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 120.08
Low Date 11/12/2019
High 125.63
High Date 11/29/2019
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 123.18
Support 115.61
High 134.37
High Date 09/26/2019
Low 120.08
Low Date 11/12/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 137.76
Support 133.04
Low 94.25
Low Date 06/11/2018
High 134.37
High Date 09/26/2019
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 143.95
Support 106.39
Low 23.32
Low Date 03/05/2009
High 134.37
High Date 09/26/2019
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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