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Electric Utilities Industry Stocks Technical Analysis - DUKArchive
- 3/21/2025 -
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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 -1.00 points, or -0.83%, and closed at 119.10 on Friday, March 21, 2025. Weekly volume was 70% above 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 uptrend had started on October 6, 2023 at 83.07 and reached 121.50 on March 17, 2025. DUK gained -38.43 points, or -46.26%, in 75 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 108.49 and resistance is at 132.46. 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 DUK medium-term trend chart]
A medium-term uptrend had started on January 13, 2025 at 105.20 and reached 121.50 on March 17, 2025. DUK gained -16.30 points, or -15.49%, in 9 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 115.43 and resistance is at 122.39. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See DUK weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since February 21, 2025. This is an indication that the medium-term trend is up. 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 March 17, 2025 at 121.50 and reached 118.40 on March 21, 2025. DUK lost 3.10 points, or 2.55%, in 4 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.
The daily MACD line is above its signal line since March 12, 2025. The distance between MACD and the signal line is low and getting smaller.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Utilities |
12 |
| Industry |
Electric Utilities |
101 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
121.50 |
| High Date |
03/17/2025 |
| Low |
118.40 |
| Low Date |
03/21/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
121.50 |
| High Date |
03/17/2025 |
| Low |
118.40 |
| Low Date |
03/21/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Test Support |
| Resistance |
123.50 |
| Support |
119.25 |
| Low |
113.80 |
| Low Date |
03/06/2025 |
| High |
121.50 |
| High Date |
03/17/2025 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
122.39 |
| Support |
115.43 |
| Low |
105.20 |
| Low Date |
01/13/2025 |
| High |
121.50 |
| High Date |
03/17/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
132.46 |
| Support |
108.49 |
| Low |
83.07 |
| Low Date |
10/06/2023 |
| High |
121.50 |
| High Date |
03/17/2025 |
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