The Greedy Trader Weekly Analysis
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Duke Energy
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Summary:
Weekly :Overbought sectorBroken trend support lineWilliams' Percentage Range is oversold
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice is near the Fibonacci 23.6% retracement levelThe price has declined below the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was the negative week for the Duke Energy (DUK). During the week, the DUK dropped -1.49 points, or -1.91%, and closed at 76.67 on Friday, April 13, 2018. Weekly volume was 19% above average.

DUK is a member of Utilities Sector. Utilities is the second 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 December 3, 2015 at 65.50 and reached 91.80 on November 15, 2017. DUK gained -26.30 points, or -40.15%, in 101 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (81.53) 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 long-term trend.

Medium-term trend: [See DUK medium-term trend chart]
A medium-term uptrend had started on February 6, 2018 at 72.93 and reached 79.63 on February 26, 2018. DUK gained -6.70 points, or -9.19%, in 2 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 75.86 and resistance is at 78.35. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See DUK weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly 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 weekly MACD line is below its signal line since December 8, 2017. 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 downtrend had started on April 9, 2018 at 79.05 and reached 75.96 on April 12, 2018. DUK lost 3.09 points, or 3.91%, in 3 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See DUK daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

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

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 declined below 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.

Price is close to the 50 Day Moving Average. 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) 59.64
Williams' Percentage Range (W%R) 69.10
Lane's Stochastic (%D-Slow) 34.05
Greed/Fear Indicator (GFI) 41.51
Moving Average Converg./Diverg. (MACD) 0.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.02
Williams' Percentage Range (W%R) 80.10
Oversold
Lane's Stochastic (%D-Slow) 56.47
Greed/Fear Indicator (GFI) 41.43
Moving Average Converg./Diverg. (MACD) -2.15
Trading Signals
Description Value Chart
Yearly Trendline Support 81.53
Parabolic System 78.88
Upper Bollinger Band 78.78
Monthly Trendline Resistance 78.35
Weekly Stochastic Crossing 77.64
20 Day Moving Average 77.06
Price 76.67
Daily Stochastic Crossing 76.64
50 Day Moving Average 76.47
Monthly Trendline Support 75.86
Lower Bollinger Band 75.36
Sector and Industry
Description Name Rank
Sector Utilities 8
Industry Electric Utilities 98
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 79.05
High Date 04/09/2018
Low 75.96
Low Date 04/12/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 79.05
High Date 04/09/2018
Low 75.96
Low Date 04/12/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 78.35
Support 75.86
Low 72.93
Low Date 02/06/2018
High 79.63
High Date 02/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 91.80
High Date 11/15/2017
Low 72.93
Low Date 02/06/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 93.18
Support 81.53
Low 65.50
Low Date 12/03/2015
High 91.80
High Date 11/15/2017
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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