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.
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DTE Energy Co. (DTE)

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Summary:
Weekly :Oversold sectorBroken trend support lineBroken trend support line
Daily :Williams' Percentage Range is oversoldPrice is close to the 50 Day Moving Average
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It was a first positive week for the DTE Energy Co. (DTE). During the week, the DTE climbed 0.36 points, or 0.35%, and closed at 104.12 on Friday, June 26, 2020. Weekly volume was -16% below average.

DTE is a member of Utilities Sector. Utilities is the second 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 135.67 on February 21, 2020. DTE gained -112.35 points, or -481.78%, in 572 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (115.97) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. DTE may retest the broken support line. It is considered to be a resistance 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 support in a long-term trend.

Medium-term trend: [See DTE medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 71.21 and reached 117.91 on June 8, 2020. DTE gained -46.70 points, or -65.58%, in 11 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (108.27) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. DTE may retest the broken support line. It is considered to be a resistance 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 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 above its signal line since May 22, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 June 8, 2020 at 117.91 and reached 102.19 on June 15, 2020. DTE lost 15.72 points, or 13.33%, in 7 days. The price is now at the 12.28% retracement level.

Daily Technical Indicators: [See DTE daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 daily MACD line is below its signal line since June 11, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 25.70
Williams' Percentage Range (W%R) 83.50
Oversold
Lane's Stochastic (%D-Slow) 35.69
Greed/Fear Indicator (GFI) 25.98
Moving Average Converg./Diverg. (MACD) 0.67
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.34
Williams' Percentage Range (W%R) 47.90
Lane's Stochastic (%D-Slow) 69.90
Greed/Fear Indicator (GFI) 59.24
Moving Average Converg./Diverg. (MACD) -5.53
Trading Signals
Description Value Chart
Monthly Trendline Resistance 119.52
Yearly Trendline Support 115.97
Upper Bollinger Band 114.56
Weekly Stochastic Crossing 109.70
20 Day Moving Average 108.71
Monthly Trendline Support 108.27
Parabolic System 107.50
Daily Stochastic Crossing 105.40
50 Day Moving Average 104.80
Price 104.12
Lower Bollinger Band 98.70
Sector and Industry
Description Name Rank
Sector Utilities 2
Industry Electric Utilities 23
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 107.99
High Date 06/23/2020
Low 102.84
Low Date 06/24/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 117.91
High Date 06/08/2020
Low 102.19
Low Date 06/15/2020
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 119.52
Support 108.27
Low 71.21
Low Date 03/18/2020
High 117.91
High Date 06/08/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 135.67
High Date 02/21/2020
Low 71.21
Low Date 03/18/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 135.09
Support 115.97
Low 23.32
Low Date 03/05/2009
High 135.67
High Date 02/21/2020
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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