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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- 2/16/2024 -
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DTE Energy Co. (DTE) Technical Analysis

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Summary:
Weekly :MACD bearish divergenceOversold sectorBroken trend resistance line
Daily :The price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the DTE Energy Co. (DTE). During the week, the DTE gained 3.39 points, or 3.25%, and closed at 107.80 on Friday, February 16, 2024. It was the best weekly gain since November 17, 2023. DTE was trading at average weekly trading volume.

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 downtrend had started on April 21, 2022 at 140.23 and reached 90.14 on October 6, 2023. DTE lost 50.09 points, or 35.72%, in 76 weeks. The price is now at the 35.26% retracement level.

Medium-term trend: [See DTE medium-term trend chart]
A medium-term uptrend had started on October 6, 2023 at 90.14 and reached 114.62 on December 14, 2023. DTE gained -24.48 points, or -27.16%, in 9 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (104.20) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See DTE weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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.

The weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 January 24, 2024 at 102.17 and reached 108.59 on February 16, 2024. DTE gained -6.42 points, or -6.28%, in 23 days. The chart has formed a Symmetric Triangle chart pattern.

Daily Technical Indicators: [See DTE daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since February 6, 2024. This is an indication that the short-term trend is up.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.62
Williams' Percentage Range (W%R) 22.00
Lane's Stochastic (%D-Slow) 72.05
Greed/Fear Indicator (GFI) 70.57
Moving Average Converg./Diverg. (MACD) -0.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.28
Williams' Percentage Range (W%R) 30.40
Lane's Stochastic (%D-Slow) 28.49
Greed/Fear Indicator (GFI) 50.73
Moving Average Converg./Diverg. (MACD) -0.40 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 108.67
Price 107.80
50 Day Moving Average 107.67
Daily Stochastic Crossing 106.91
Monthly Trendline Resistance 105.05
20 Day Moving Average 104.91
Weekly Stochastic Crossing 104.45
Monthly Trendline Support 104.20
Lower Bollinger Band 103.00
Parabolic System 102.91
Sector and Industry
Description Name Rank
Sector Utilities 1
Industry Electric Utilities 15
Daily Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Low 102.17
Low Date 01/24/2024
High 108.59
High Date 02/16/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 114.62
High Date 12/14/2023
Low 102.17
Low Date 01/24/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 105.05
Support 104.20
Low 90.14
Low Date 10/06/2023
High 114.62
High Date 12/14/2023
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 DownTrend
Status
Resistance
Support
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.