DTE ENERGY COMPANY (DTE) Stock Technical Analysis
NYSE:DTE - New York Stock Exchange, Inc. - US2333311072 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to DTE. DTE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, DTE does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 132.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 130.54, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DTE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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115.87
2 important support areas can be observed.
- A support zone ranging from 129.25 to 130.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 117.04 to 117.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 132.11 to 134.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 137.11 to 139.50. 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 | DOWN | NEGATIVE | The short term trend for DTE is down. |
| ChartMill Relative Strength | 50.45 | NEUTRAL | DTE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DTE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DTE is below a declining 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) | 45.07 | NEUTRAL | The RSI value for DTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests DTE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.99 | NEUTRAL | The Stochastics value for DTE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.38 | LOW VOLATILITY | The low ATR as a percentage value for DTE suggests low volalility. |
| Average Directional Index/ADX (14) | 16.47 | NEGATIVE | The low ADX value for DTE suggests a weak or negative trend. |
131.94
+1.26 (+0.96%)