DUK rises to highest close since April 9th


Duke Energy (DUK) Technical Analysis Report for Apr 16, 2018 [1 min read]
Highlights
DUK rallies 1.68% on low volume
DUK pushes through key resistance level
DUK dominated by bulls lifting the market higher throughout the day
DUK pushes through 20-day moving average
DUK closes higher for the 2nd day in a row
TQ Sentiment
Report Sentiment: 66% Bullish
Technical Forecast:
Overview

Moving higher for the 2nd day in a row, DUK finished Monday at 77.96 surging $1.29 (1.68%) on low volume. This is the biggest single day gain in over a month. Today's closing price of 77.96 marks the highest close since April 9th. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Friday's high at 76.99, the market confirms its breakout through the previous session's high having traded $1.09 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily chart for DUK
Volatility

Monday's trading range was $1.28 (1.67%), that's slightly above last trading month's daily average range of $1.25. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being slightly above average.

Support/Resistance

Breaking through the key resistance level at 77.53 today, it is now likely to act as support going forward.

Trend

Although still in a long-term downtrend, the short and medium-term trends both turned bullish already. Duke Energy managed to break above the 20-day moving average at 77.08 today for the first time since March 27th.

Order Flow

Buying might speed up should prices move above the nearby swing high at 79.05 where further buy stops could get activated. Trading close to February's high at 79.63 we might see further upside momentum if potential buy stops at the level get triggered.

Conclusion

Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a bullish sentiment for the next trading day.

Market Conditions for Duke Energy
ConditionForecastDirectionWinAvgWorstBestEvents
RSI(2) above 80 TQ Pro Members Only
Bullish Break through SMA 200 TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
Bounced off Technical Resistance R1 TQ Pro Members Only
Close to R1 Resistance TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Latest Report:

DUK pushes through prior session high

Jul 19, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Duke Energy traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Stocks Top Movers

NATGAS 2.7350.037 1.37%
BTCUSD 7,472.6486.80 1.18%
TBOND 145.4060.594 0.41%
ASX 6,262.7017.60 0.28%
DXY 94.9450.135 0.14%
NKY 22,764.68-29.51 -0.13%
USDJPY 112.47-0.37 -0.33%
HSI 28,010.86-106.56 -0.38%
GOLD 1,222.5-4.8 -0.39%
SPX 2,804.49-11.13 -0.40%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV89.95 -4.45
-4.71%
ACN 10 day candlestick chart for ACN166.89 0.51
0.31%
ADBE 10 day candlestick chart for ADBE257.68 -2.10
-0.81%
AAP 10 day candlestick chart for AAP143.37 3.40
2.43%
AES 10 day candlestick chart for AES13.03 0.30
2.36%
AET 10 day candlestick chart for AET190.04 -1.29
-0.67%
AFL 10 day candlestick chart for AFL42.89 -0.37
-0.86%
AMG 10 day candlestick chart for AMG149.31 -1.94
-1.28%
A 10 day candlestick chart for A64.15 1.16
1.84%
ABT 10 day candlestick chart for ABT63.78 -0.97
-1.50%