Tag: DTE Energy Company

DTE Energy Company Stock Code DTE.NYS

Outlook
After reaching a high of  $135.60 on 17 November 2020, price has been on a decline. The decline has reached the upper edge of the cloud where it is finding support, keeping the uptrend intact. Price has also managed to stay above the uptrend channel. Lagging Span is just above price of 26 days ago and  above the cloud, confirming the bullish trend.  Both lines of MACD are below the zero line but the fast line is turning up and moving towards the slower line. If they meet we will have a bullish crossover hinting that the corrective decline is over and the uptrend is likely to resume.

Strategy                  
$124.50              Buy
$135.50              Price Target
$120.20              Risk Management Stop
3 weeks              Trade Duration

DTE Energy Company Stock Code DTE.NYS

Outlook
Price broke below an uptrend line and is currently near to the lower edge of the cloud. A break of the uptrend line is a hint that the current uptrend could have ended. Conversion and Base lines had a bearish crossover, confirming the bearish trend. Lagging Span is below price of 26 days ago but is above the cloud at the moment. MACD is turning bearish at the moment. MACD has been warning with divergences of a possible price high before the bearish turn. If price were to drop below the cloud, we are expecting a price decline to $101.95.

Strategy                  
$112.00              Sell
$102.00              Price Target
$116.60              Risk Management Stop
3 weeks              Trade Duration