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Downtrend ResistanceArchive
- 1/3/2025 -
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DTE Energy Co. (DTE) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second positive week after 3 consecutive negative weeks for the DTE Energy Co. (DTE). During the week, the DTE climbed 0.20 points, or 0.16%, and closed at 121.60 on Friday, January 3, 2025. Weekly volume was -31% below average.
 Long-term trend: [See DTE long-term trend chart]
A long-term downtrend had started on May 10, 2021 at 145.43 and reached 90.14 on October 6, 2023. DTE lost 55.29 points, or 38.02%, in 125 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (125.52). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
 Medium-term trend: [See DTE medium-term trend chart]
A medium-term downtrend had started on October 24, 2024 at 131.67 and reached 115.60 on November 7, 2024. DTE lost 16.07 points, or 12.20%, in 2 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 117.04 and resistance is at 123.13. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern 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 November 1, 2024. This is an indication that the medium-term trend is down. 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 December 19, 2024 at 116.70 and reached 122.80 on January 2, 2025. DTE gained -6.10 points, or -5.23%, in 14 days. The price is now at the 19.67% retracement level.
Daily Technical Indicators: [See DTE daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since December 24, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
Price is close to the 50 Day Moving Average. 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.
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