DUKE ENERGY CORP (DUK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DUK - US26441C2044 - Common Stock
We assign a technical rating of 1 out of 10 to DUK. DUK 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, DUK does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 118.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 116.91, a Stop Loss order could be placed below this zone.
More info and screens
111.34
When analyzing the support we notice one important area.
- A support zone ranging from 112.46 to 116.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 118.98 to 121.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @125.93 from a horizontal line in the daily time frame.
- A resistance zone ranging from 128.53 to 129.03. 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 | DOWN | NEGATIVE | The long term trend for DUK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DUK is down. |
| ChartMill Relative Strength | 52.29 | NEUTRAL | DUK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DUK is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DUK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DUK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.23 | NEUTRAL | The RSI value for DUK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests DUK has a positive trend. |
| Stochastics (14,3) | 87.01 | OVERBOUGHT | The high Stochastics value suggests DUK may be overbought. |
| Average True Range in percent/ATR (20) | 1.28 | LOW VOLATILITY | The low ATR as a percentage value for DUK suggests low volalility. |
| Average Directional Index/ADX (14) | 33.47 | POSITIVE | The high ADX value value for DUK suggests a strong trend. |
117.68
+0.16 (+0.14%)
DUKE ENERGY CORP / DUK FAQ
Can you provide the ChartMill technical rating for DUKE ENERGY CORP?
ChartMill assigns a technical rating of 1 / 10 to DUK.
What is the trend direction for DUK stock?
The current trend direction for DUKE ENERGY CORP (DUK) is Bearish.
Can you provide the RSI signal for DUKE ENERGY CORP?
DUKE ENERGY CORP (DUK) has an RSI value of 47.227. This indicates that the stock is currently neutral.
What is the buy/sell signal for DUKE ENERGY CORP (DUK) stock?
The buy/sell signal for DUKE ENERGY CORP (DUK) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for DUKE ENERGY CORP?
DUKE ENERGY CORP (DUK) has a support level at 116.91 and a resistance level at 118.98. Check the full technical report for our detailed analysis of DUK support and resistance levels.