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|It was the negative week for the Duke Energy (DUK). During the week, the DUK gave back -0.76 points, or -0.89%, and closed at 84.61 on Friday, January 11, 2019. Weekly volume was -19% 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 downtrend had started on November 15, 2017 at 91.80 and reached 71.96 on June 11, 2018. DUK lost 19.84 points, or 21.61%, in 29 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Medium-term trend: [See DUK medium-term trend chart]
A medium-term uptrend had started on June 11, 2018 at 71.96 and reached 91.35 on December 14, 2018. DUK gained -19.39 points, or -26.95%, in 26 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (85.97) 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 DUK weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since June 22, 2018. 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 DUK short-term trend chart]
A short-term downtrend had started on January 8, 2019 at 86.17 and reached 84.21 on January 11, 2019. DUK lost 1.96 points, or 2.27%, in 3 days. The price is now at the 20.41% retracement level.
Daily Technical Indicators: [See DUK daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since December 14, 2018. 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.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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.