DTE ENERGY COMPANY (DTE) Technical Analysis
NYSE:DTE • US2333311072
Current stock price
DTE Technical Rating and Analysis
Taking everything into account, DTE scores 8 out of 10 in our technical rating. Although DTE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- DTE is one of the better performing stocks in the Multi-Utilities industry, it outperforms 72% of 26 stocks in the same industry.
- DTE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so DTE is performing more or less in line with the market.
- DTE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- DTE has an average volume of 1574780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, DTE did better than 76% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
DTE Weekly and Daily overview Charts
DTE Setup Rating and Analysis
Besides having an excellent technical rating, DTE also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 150.14. Right above this resistance zone may be a good entry point.
More info and screens
DTE Support and Resistance Analysis
126.35
4 important support areas can be observed.
- A support zone ranging from 139.22 to 141.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @136.03 from a horizontal line in the daily time frame.
- A support zone ranging from 129.82 to 130.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 127.63 to 127.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 150.14 to 150.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
DTE Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for DTE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DTE is up. |
| ChartMill Relative Strength | 76.53 | POSITIVE | DTE has a high relative strength, it outperformed 76.53% off all stocks 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) | UP | POSITIVE | The current price of DTE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.11 | NEUTRAL | The RSI value for DTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests DTE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.22 | NEUTRAL | The Stochastics value for DTE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for DTE suggests some volalility. |
| Average Directional Index/ADX (14) | 35.32 | POSITIVE | The high ADX value value for DTE suggests a strong trend. |
DTE Chart- and CandleStick Pattern Analysis
DTE Technicals: Chart, Performance Metrics, Trend & Indicators
149.57
+1.93 (+1.31%)
DTE ENERGY COMPANY / DTE TA FAQ
What is the ChartMill technical rating of DTE ENERGY COMPANY (DTE) stock?
ChartMill assigns a technical rating of 8 / 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 Bullish.
Can you provide the RSI signal for DTE ENERGY COMPANY?
DTE ENERGY COMPANY (DTE) has an RSI value of 65.1056. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for DTE ENERGY COMPANY?
The buy/sell signal for DTE ENERGY COMPANY (DTE) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for DTE ENERGY COMPANY (DTE) stock?
DTE ENERGY COMPANY (DTE) has a support level at 141.38 and a resistance level at 150.14. Check the full technical report for our detailed analysis of DTE support and resistance levels.