DTE ENERGY COMPANY (DTE) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:DTE • US2333311072
Overall DTE gets a technical rating of 4 out of 10. 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 long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month DTE has a been trading in the 129.40 - 138.47 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- DTE has an average volume of 1624900 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 51% 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 56% 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.
Although the technical rating is only medium, DTE does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 134.62, a Stop Loss order could be placed below this zone.
More info and screens
126.35
We found 1 important support area.
- A support zone ranging from 127.63 to 134.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 135.28 to 135.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 138.07 to 139.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 51.3 | 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) | DOWN | MIXED | The current price of DTE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DTE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.32 | NEUTRAL | The RSI value for DTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests DTE has a negative trend. |
| Stochastics (14,3) | 53.41 | NEUTRAL | The Stochastics value for DTE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.79 | LOW VOLATILITY | The low ATR as a percentage value for DTE suggests low volalility. |
| Average Directional Index/ADX (14) | 18.58 | NEGATIVE | The low ADX value for DTE suggests a weak or negative trend. |
134.82
-1.32 (-0.97%)
DTE ENERGY COMPANY / DTE FAQ
What is the ChartMill technical rating of DTE ENERGY COMPANY (DTE) stock?
ChartMill assigns a technical rating of 4 / 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 53.3205. 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 135.28. Check the full technical report for our detailed analysis of DTE support and resistance levels.