The Greedy Trader Weekly Analysis
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Duke Energy
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Summary:
Weekly :Overbought sectorBroken trend support linePrice is near the Fibonacci 61.8% retracement level
Daily :20 Day Moving Average has crossed below the 50 Day Moving Average
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.18
Williams' Percentage Range (W%R) 71.60
Lane's Stochastic (%D-Slow) 40.49
Greed/Fear Indicator (GFI) 35.03
Moving Average Converg./Diverg. (MACD) -0.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.01
Williams' Percentage Range (W%R) 46.00
Lane's Stochastic (%D-Slow) 60.76
Greed/Fear Indicator (GFI) 56.47
Moving Average Converg./Diverg. (MACD) 1.79
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 91.08
Upper Bollinger Band 89.90
Weekly Stochastic Crossing 87.27
50 Day Moving Average 86.63
20 Day Moving Average 86.43
Quarterly Trendline Support 85.97
Daily Stochastic Crossing 84.93
Price 84.61
Parabolic System 83.21
Lower Bollinger Band 82.27
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Electric Utilities 147
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 86.17
High Date 01/08/2019
Low 84.21
Low Date 01/11/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 86.17
High Date 01/08/2019
Low 84.21
Low Date 01/11/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 91.35
High Date 12/14/2018
Low 82.77
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 91.08
Support 85.97
Low 71.96
Low Date 06/11/2018
High 91.35
High Date 12/14/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 91.80
High Date 11/15/2017
Low 71.96
Low Date 06/11/2018
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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