DTE Energy Co. (DTE)
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|It was a first positive week for the DTE Energy Co. (DTE). During the week, the DTE gained 1.50 points, or 1.22%, and closed at 124.94 on Friday, November 29, 2019. Weekly volume was -24% below average. |
DTE 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 DTE long-term trend chart]
A long-term uptrend had started on March 5, 2009 at 23.32 and reached 134.37 on September 26, 2019. DTE gained -111.05 points, or -476.20%, in 551 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 106.39 and resistance is at 143.95. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
Medium-term trend: [See DTE medium-term trend chart]
A medium-term uptrend had started on June 11, 2018 at 94.25 and reached 134.37 on September 26, 2019. DTE gained -40.12 points, or -42.57%, in 67 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (133.04) 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 DTE weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since July 19, 2019. The distance between MACD and the signal line is near its high, but getting smaller. Use the following link to access a MACD help.
Short-term trend: [See DTE short-term trend chart]
A short-term uptrend had started on November 12, 2019 at 120.08 and reached 125.63 on November 29, 2019. DTE gained -5.55 points, or -4.62%, in 17 days. The price is now at the 12.43% retracement level.
Daily Technical Indicators: [See DTE daily technical indicators chart]
Daily Relative Strength Index is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index. 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 Relative Strength Index help.
The daily MACD line is above its signal line since November 15, 2019. This is an indication that the short-term trend is up.
During the last week, the price has moved above 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.