The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 4/25/2025 -
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Duke Energy (DUK) Technical Analysis

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Summary:
Weekly :Overbought sectorTrend support at 120.05
Daily :The price is close to the moving average in the center of the Bollinger Bands
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It was the negative week for the Duke Energy (DUK). During the week, the DUK dropped -1.95 points, or -1.60%, and closed at 119.85 on Friday, April 25, 2025. It was the worst weekly loss since February 14, 2025. DUK was trading at average weekly trading volume.

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 125.30 on April 4, 2025. DUK gained -42.23 points, or -50.84%, in 78 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 110.16 and resistance is at 135.07. 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 125.30 on April 4, 2025. DUK gained -20.10 points, or -19.11%, in 11 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (120.05) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.

Weekly Technical Indicators: [See DUK weekly technical indicators chart]
Weekly technical indicators are neutral.

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 April 22, 2025 at 122.89 and reached 119.42 on April 25, 2025. DUK lost 3.47 points, or 2.82%, in 3 days. The price is now at the 12.39% 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 April 16, 2025. The distance between MACD and the signal line is low and getting smaller.

The price is close to 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.99
Williams' Percentage Range (W%R) 34.30
Lane's Stochastic (%D-Slow) 66.96
Greed/Fear Indicator (GFI) 61.88
Moving Average Converg./Diverg. (MACD) 0.80
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.41
Williams' Percentage Range (W%R) 22.50
Lane's Stochastic (%D-Slow) 68.01
Greed/Fear Indicator (GFI) 67.16
Moving Average Converg./Diverg. (MACD) 2.09
Trading Signals
Description Value Chart
Yearly Trendline Resistance 135.07
Quarterly Trendline Resistance 127.25
Upper Bollinger Band 123.96
Monthly Trendline Support 122.93
Daily Stochastic Crossing 122.00
Monthly Trendline Resistance 121.90
Weekly Stochastic Crossing 120.99
Quarterly Trendline Support 120.05
20 Day Moving Average 119.94
Price 119.85
50 Day Moving Average 118.02
Lower Bollinger Band 115.60
Parabolic System 115.40
Yearly Trendline Support 110.16
Sector and Industry
Description Name Rank
Sector Utilities 12
Industry Electric Utilities 109
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 122.89
High Date 04/22/2025
Low 119.42
Low Date 04/25/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 122.89
High Date 04/22/2025
Low 119.42
Low Date 04/25/2025
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 121.90
Support 122.93
Low 112.10
Low Date 04/09/2025
High 123.55
High Date 04/17/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 127.25
Support 120.05
Low 105.20
Low Date 01/13/2025
High 125.30
High Date 04/04/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 135.07
Support 110.16
Low 83.07
Low Date 10/06/2023
High 125.30
High Date 04/04/2025
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.