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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- 5/17/2024 -
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Duke Energy (DUK) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic and MACD bearish divergenceThe price has fallen below the Parabolic SAR20 Day Moving Average has crossed below the 50 Day Moving Average
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It was a third consecutive positive week for the Duke Energy (DUK). During the week, the DUK gained 1.22 points, or 1.19%, and closed at 103.89 on Friday, May 17, 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 103.92 on May 17, 2024. DUK gained -20.85 points, or -25.10%, in 32 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (94.26) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 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 103.92 on May 17, 2024. DUK gained -13.83 points, or -15.35%, in 11 weeks. Price is near the trend high.

Weekly Technical Indicators: [See DUK weekly technical indicators chart]
Weekly 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 weekly Lane's Stochastic or strongly overbought weekly 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 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. 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 April 16, 2024 at 92.75 and reached 103.92 on May 17, 2024. DUK gained -11.17 points, or -12.04%, in 31 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 103.33 and resistance is at 105.81. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See DUK daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily 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 daily 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.

The daily MACD line is above its signal line since April 18, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 76.01
Williams' Percentage Range (W%R) 10.80
Overbought
Lane's Stochastic (%D-Slow) 84.07
Overbought Bearish
Greed/Fear Indicator (GFI) 83.10
Overbought
Moving Average Converg./Diverg. (MACD) 1.69 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.67
Williams' Percentage Range (W%R) 5.60
Strong Overbought
Lane's Stochastic (%D-Slow) 87.55
Overbought
Greed/Fear Indicator (GFI) 81.69
Overbought
Moving Average Converg./Diverg. (MACD) 1.02
Trading Signals
Description Value Chart
Weekly Trendline Resistance 105.81
Upper Bollinger Band 104.88
Parabolic System 104.02
Price 103.89
Daily Stochastic Crossing 103.56
Weekly Trendline Support 103.33
Weekly Stochastic Crossing 103.14
20 Day Moving Average 100.72
50 Day Moving Average 97.55
Lower Bollinger Band 96.68
Quarterly Trendline Resistance 96.37
Quarterly Trendline Support 94.26
Sector and Industry
Description Name Rank
Sector Utilities 12
Industry Electric Utilities 119
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 102.23
Low Date 05/14/2024
High 103.92
High Date 05/17/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 105.81
Support 103.33
Low 92.75
Low Date 04/16/2024
High 103.92
High Date 05/17/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 90.09
Low Date 03/01/2024
High 103.92
High Date 05/17/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 96.37
Support 94.26
Low 83.07
Low Date 10/06/2023
High 103.92
High Date 05/17/2024
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.