DTE ENERGY COMPANY (DTE) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:DTE • US2333311072
Overall DTE gets a technical rating of 6 out of 10. DTE has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- 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 129.76 - 139.02 range, which is quite wide. It is currently trading near the high of this range.
- DTE has an average volume of 1622000 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 49% of them, which is more or less in line with the market.
- DTE is an average performer in the Multi-Utilities industry, it outperforms 52% of 26 stocks in the same industry.
- 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 resistance zone just above the current price starting at 138.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 135.35, a Stop Loss order could be placed below this zone.
More info and screens
126.35
We found 2 important support areas.
- A support zone ranging from 134.28 to 135.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 127.63 to 132.15. 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 2 important areas.
- 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 | 49.64 | 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) | UP | POSITIVE | The current price of DTE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.36 | NEUTRAL | The RSI value for DTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests DTE has a positive trend. |
| Stochastics (14,3) | 56.52 | NEUTRAL | The Stochastics value for DTE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for DTE suggests low volalility. |
| Average Directional Index/ADX (14) | 18.44 | NEGATIVE | The low ADX value for DTE suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 139.56 | 134.27 | 5.29 (3.79%) | 25.00% |
| An entry @139.56. This is a Buy Stop order right above the resistance zone. | An exit @134.27. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.29 points, which is 3.79%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.95%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
137.84
+2.8 (+2.07%)
DTE ENERGY COMPANY / DTE FAQ
What is the ChartMill technical rating of DTE ENERGY COMPANY (DTE) stock?
ChartMill assigns a technical rating of 6 / 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 62.3554. 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 135.35 and a resistance level at 138.61. Check the full technical report for our detailed analysis of DTE support and resistance levels.