The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 50.0% 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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- 7/19/2024 -
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DTE Energy Co. (DTE) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overbought
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtPrice is near the Fibonacci 23.6% retracement level
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It was a second consecutive positive week for the DTE Energy Co. (DTE). During the week, the DTE gained 1.61 points, or 1.41%, and closed at 116.09 on Friday, July 19, 2024. Weekly volume was -15% below average.

DTE 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 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 trend support level is at 82.52 and resistance is at 128.03. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See DTE medium-term trend chart]
A medium-term uptrend had started on October 6, 2023 at 90.14 and reached 118.58 on July 18, 2024. DTE gained -28.44 points, or -31.55%, in 40 weeks. The price is now at the 8.76% retracement level.

Weekly Technical Indicators: [See DTE weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since June 21, 2024. The distance between MACD and the signal line is low and 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 July 10, 2024 at 108.40 and reached 118.58 on July 18, 2024. DTE gained -10.18 points, or -9.39%, in 8 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See DTE daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since July 10, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.32
Williams' Percentage Range (W%R) 9.70
Strong Overbought
Lane's Stochastic (%D-Slow) 81.23
Overbought
Greed/Fear Indicator (GFI) 78.94
Moving Average Converg./Diverg. (MACD) 0.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.95
Williams' Percentage Range (W%R) 6.40
Strong Overbought
Lane's Stochastic (%D-Slow) 40.66
Greed/Fear Indicator (GFI) 63.01
Moving Average Converg./Diverg. (MACD) 1.44
Trading Signals
Description Value Chart
Yearly Trendline Resistance 128.03
Upper Bollinger Band 118.37
Daily Stochastic Crossing 116.98
Price 116.09
50 Day Moving Average 113.17
Weekly Stochastic Crossing 112.10
20 Day Moving Average 111.82
Parabolic System 111.70
Lower Bollinger Band 107.47
Sector and Industry
Description Name Rank
Sector Utilities 9
Industry Electric Utilities 75
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 108.40
Low Date 07/10/2024
High 118.58
High Date 07/18/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 108.40
Low Date 07/10/2024
High 118.58
High Date 07/18/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 90.14
Low Date 10/06/2023
High 118.58
High Date 07/18/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 140.23
High Date 04/21/2022
Low 90.14
Low Date 10/06/2023
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 128.03
Support 82.52
High 145.43
High Date 05/10/2021
Low 90.14
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.