DTE ENERGY COMPANY (DTE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DTE - US2333311072 - Common Stock
We assign a technical rating of 5 out of 10 to DTE. DTE has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month DTE has a been trading in the 126.23 - 136.04 range, which is quite wide. It is currently trading near the high of this range.
- DTE has an average volume of 1564790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, DTE outperforms 47% of them, which is more or less in line with the market.
- DTE is part of the Multi-Utilities industry. There are 26 other stocks in this industry, DTE did better than 48% of them.
- DTE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DTE is lagging the market.
DTE has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
126.12
We found 1 important support area.
- A support zone ranging from 127.39 to 134.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 138.61 to 139.55. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 141.96 to 143.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for DTE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DTE is up. |
| ChartMill Relative Strength | 47.45 | NEUTRAL | DTE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DTE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DTE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of DTE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.94 | NEUTRAL | The RSI value for DTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.93 | POSITIVE | The MACD value suggests DTE has a positive trend. |
| Stochastics (14,3) | 94.55 | OVERBOUGHT | The high Stochastics value suggests DTE may be overbought. |
| Average True Range in percent/ATR (20) | 1.42 | LOW VOLATILITY | The low ATR as a percentage value for DTE suggests low volalility. |
| Average Directional Index/ADX (14) | 28.13 | POSITIVE | The high ADX value value for DTE suggests a strong trend. |
135.51
+0.9 (+0.67%)
DTE ENERGY COMPANY / DTE FAQ
What is the ChartMill technical rating of DTE ENERGY COMPANY (DTE) stock?
ChartMill assigns a technical rating of 5 / 10 to DTE.
What is the current trend direction of DTE ENERGY COMPANY (DTE) stock?
The current trend direction for DTE ENERGY COMPANY (DTE) is Bearish.
Can you provide the RSI signal for DTE ENERGY COMPANY?
DTE ENERGY COMPANY (DTE) has an RSI value of 65.9375. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for DTE ENERGY COMPANY?
DTE ENERGY COMPANY (DTE) has a support level at 134.62 and a resistance level at 138.61. Check the full technical report for our detailed analysis of DTE support and resistance levels.