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S&P 500 Overbought StocksArchive
- 12/20/2024 -
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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 -0.50 points, or -0.46%, and closed at 108.30 on Friday, December 20, 2024. Weekly volume was 58% above average.
 Long-term trend: [See DUK long-term trend chart]
A long-term uptrend had started on October 6, 2023 at 83.07 and reached 121.25 on October 21, 2024. DUK gained -38.18 points, or -45.96%, in 54 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 104.41 and resistance is at 125.93. 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 downtrend had started on October 21, 2024 at 121.25 and reached 105.60 on December 18, 2024. DUK lost 15.65 points, or 12.91%, in 8 weeks. The price is now at the 17.25% retracement level.
 Weekly Technical Indicators: [See DUK weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 October 25, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 November 27, 2024 at 118.60 and reached 105.60 on December 18, 2024. DUK lost 13.00 points, or 10.96%, in 21 days. The price is now at the 20.77% retracement level.
 Daily Technical Indicators: [See DUK daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since December 5, 2024. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (108.81) comes close to the price (108.30). It indicates that the trend is getting weaker. 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.
The distance between the Bollinger Bands (13.55%) is close to one year high (12.17%). It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.
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