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Uptrend Broken SupportArchive
- 4/5/2024 -
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Duke Energy (DUK) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Duke Energy (DUK). During the week, the DUK gave back -0.80 points, or -0.83%, and closed at 95.91 on Friday, April 5, 2024. Weekly volume was -25% below average.
 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. Price is near the Fibonacci 38.2% 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 March 1, 2024 at 90.09 and reached 97.36 on April 2, 2024. DUK gained -7.27 points, or -8.07%, in 4 weeks. The price is now at the 19.94% retracement level.
 Weekly Technical Indicators: [See DUK weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since March 22, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 26, 2024 at 93.57 and reached 97.36 on April 2, 2024. DUK gained -3.79 points, or -4.05%, in 7 days. Price is near the Fibonacci 38.2% retracement level.
Daily Technical Indicators: [See DUK daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since March 26, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
The distance between the Bollinger Bands (3.04%) is close to one year low (2.90%). It is 59.71% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.
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