The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 3/15/2024 -
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Duke Energy (DUK) Technical Analysis

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Summary:
Weekly :Oversold sectorBroken trend resistance line
Daily :Lane's Stochastic is overboughtStochastic has declined below the signal linePrice is close to the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the Duke Energy (DUK). During the week, the DUK gave back -0.23 points, or -0.24%, and closed at 94.71 on Friday, March 15, 2024. DUK was trading at average weekly trading volume.

DUK 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 DUK long-term trend chart]
A long-term downtrend had started on April 21, 2022 at 116.33 and reached 83.07 on October 6, 2023. DUK lost 33.26 points, or 28.59%, in 76 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (82.76) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. DUK may retest the broken resistance line. It is considered to be a support 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 resistance line in a long-term trend.

Medium-term trend: [See DUK medium-term trend chart]
A medium-term downtrend had started on January 10, 2024 at 99.92 and reached 90.09 on March 1, 2024. DUK lost 9.83 points, or 9.84%, in 7 weeks. The price is now at the 47.00% retracement level.

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

The weekly MACD line is below its signal line since February 16, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See DUK short-term trend chart]
A short-term uptrend had started on March 1, 2024 at 90.09 and reached 96.30 on March 13, 2024. DUK gained -6.21 points, or -6.89%, in 12 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 Lane's Stochastic help.

The daily MACD line is above its signal line since March 1, 2024. This is an indication that the short-term trend is up.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance 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) 71.46
Williams' Percentage Range (W%R) 31.20
Lane's Stochastic (%D-Slow) 81.10
Overbought
Greed/Fear Indicator (GFI) 73.77
Moving Average Converg./Diverg. (MACD) -0.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.82
Williams' Percentage Range (W%R) 39.30
Lane's Stochastic (%D-Slow) 26.37
Greed/Fear Indicator (GFI) 44.75
Moving Average Converg./Diverg. (MACD) 0.48
Trading Signals
Description Value Chart
Upper Bollinger Band 97.26
Daily Stochastic Crossing 95.52
Price 94.71
50 Day Moving Average 94.68
Parabolic System 93.48
20 Day Moving Average 93.07
Weekly Stochastic Crossing 92.39
Lower Bollinger Band 90.49
Yearly Trendline Resistance 90.09
Yearly Trendline Support 82.76
Sector and Industry
Description Name Rank
Sector Utilities 1
Industry Electric Utilities 24
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 96.30
High Date 03/13/2024
Low 94.34
Low Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 90.09
Low Date 03/01/2024
High 96.30
High Date 03/13/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 99.92
High Date 01/10/2024
Low 90.09
Low Date 03/01/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 83.07
Low Date 10/06/2023
High 99.92
High Date 01/10/2024
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 90.09
Support 82.76
High 116.33
High Date 04/21/2022
Low 83.07
Low Date 10/06/2023
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.