The Greedy Trader Weekly Analysis
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Yearly Price vs. Fibonacci:Near 38.2% 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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Duke Energy (DUK) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceTrend resistance at 106.40
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal line20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a fourth positive week after 3 consecutive negative weeks for the Duke Energy (DUK). During the week, the DUK gained 1.53 points, or 1.45%, and closed at 106.92 on Friday, July 19, 2024. Weekly volume was -9% below average.

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 108.59 on July 18, 2024. DUK gained -25.52 points, or -30.72%, in 40 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend resistance line (106.40). 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 DUK medium-term trend chart]
A medium-term uptrend had started on March 1, 2024 at 90.09 and reached 108.59 on July 18, 2024. DUK gained -18.50 points, or -20.54%, in 19 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 100.36 and resistance is at 110.74. 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 medium-term trend.

Weekly Technical Indicators: [See DUK 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. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and 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. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since March 22, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See DUK short-term trend chart]
A short-term uptrend had started on July 2, 2024 at 99.21 and reached 108.59 on July 18, 2024. DUK gained -9.38 points, or -9.45%, in 16 days. The price is now at the 17.80% retracement level.

Daily Technical Indicators: [See DUK daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since July 8, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the 20 Day Moving Average 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) 84.10
Overbought
Williams' Percentage Range (W%R) 10.80
Overbought
Lane's Stochastic (%D-Slow) 86.35
Overbought
Greed/Fear Indicator (GFI) 86.56
Overbought
Moving Average Converg./Diverg. (MACD) 0.84
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.06
Williams' Percentage Range (W%R) 5.50
Strong Overbought
Lane's Stochastic (%D-Slow) 59.92
Bearish
Greed/Fear Indicator (GFI) 71.43
Moving Average Converg./Diverg. (MACD) 2.04 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 110.74
Upper Bollinger Band 109.27
Daily Stochastic Crossing 107.44
Price 106.92
Quarterly Trendline Resistance 106.40
Parabolic System 104.84
Weekly Stochastic Crossing 104.66
20 Day Moving Average 102.47
50 Day Moving Average 102.44
Monthly Trendline Support 100.36
Quarterly Trendline Support 99.62
Lower Bollinger Band 97.84
Sector and Industry
Description Name Rank
Sector Utilities 9
Industry Electric Utilities 75
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 99.55
Low Date 07/05/2024
High 108.59
High Date 07/18/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 99.21
Low Date 07/02/2024
High 108.59
High Date 07/18/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 110.74
Support 100.36
Low 90.09
Low Date 03/01/2024
High 108.59
High Date 07/18/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Resistance
Resistance 106.40
Support 99.62
Low 83.07
Low Date 10/06/2023
High 108.59
High Date 07/18/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 116.33
High Date 04/21/2022
Low 83.07
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.