DUKE ENERGY CORP (DUK) Technical Analysis
NYSE:DUK • US26441C2044
Current stock price
DUK Technical Rating and Analysis
Overall DUK gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, DUK is only an average performer.
- The long and short term trends are both positive. This is looking good!
- DUK is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month DUK has a been trading in the 126.77 - 134.49 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.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- DUK has an average volume of 4655360 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, DUK outperforms 61% of them, which is more or less in line with the market.
- DUK is an average performer in the Electric Utilities industry, it outperforms 45% of 47 stocks in the same industry.
DUK Weekly and Daily overview Charts
DUK Setup Rating and Analysis
Besides having an excellent technical rating, DUK also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 133.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 131.54, a Stop Loss order could be placed below this zone.
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DUK Support and Resistance Analysis
112.86
3 important support areas can be observed.
- A support zone ranging from 127.91 to 131.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @123.98 from a trend line in the daily time frame.
- A support zone ranging from 114.00 to 119.39. 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 133.16 to 133.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
DUK 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 DUK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DUK is up. |
| ChartMill Relative Strength | 61.1 | 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) | UP | POSITIVE | The current price of DUK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DUK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.32 | NEUTRAL | The RSI value for DUK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests DUK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.55 | NEUTRAL | The Stochastics value for DUK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.65 | LOW VOLATILITY | The low ATR as a percentage value for DUK suggests low volalility. |
| Average Directional Index/ADX (14) | 16.06 | NEGATIVE | The low ADX value for DUK suggests a weak or negative trend. |
DUK Chart- and CandleStick Pattern Analysis
DUK Example Setup
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 |
|---|---|---|---|
| 133.48 | 129.01 | 4.47 (3.35%) | 25.00% |
| An entry @133.48. This is a Buy Stop order right above the resistance zone. | An exit @129.01. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.47 points, which is 3.35%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.84%. |
- 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.
DUK Technicals: Chart, Performance Metrics, Trend & Indicators
131.79
-1.21 (-0.91%)
DUKE ENERGY CORP / DUK TA FAQ
Can you provide the ChartMill technical rating for DUKE ENERGY CORP?
ChartMill assigns a technical rating of 7 / 10 to DUK.
What is the current trend direction of DUKE ENERGY CORP (DUK) stock?
The current trend direction for DUKE ENERGY CORP (DUK) is Bullish.
What is the RSI signal for DUK stock?
DUKE ENERGY CORP (DUK) has an RSI value of 56.3178. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DUKE ENERGY CORP?
The MACD indicator for DUKE ENERGY CORP (DUK) has a value of 0.0418532, indicating a bearish trend.
What is the buy/sell signal for DUK stock?
The buy/sell signal for DUKE ENERGY CORP (DUK) is buy as both the short term and long term trends are positive.