Dte Energy Company 2020 Series Stock Forecast
Dte Energy Company 2020 Series stock downgraded to Sell Candidate
(Updated on Jun 28, 2024)
The Dte Energy Company 2020 Series stock price fell by -1.88% on the last day (Friday, 28th Jun 2024) from $19.69 to $19.32. During the last trading day the stock fluctuated 0.644% from a day low at $19.31 to a day high of $19.44. The price has risen in 6 of the last 10 days but is still down by -2.57% for this period. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 11 thousand shares were bought and sold for approximately $206.82 thousand.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $19.17 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Dte Energy Company 2020 Series stock with a 90% probability to be traded between $19.52 and $20.80 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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DTB Signals & Forecast
There are few to no technical positive signals at the moment. The Dte Energy Company 2020 Series stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $19.54 and $19.62. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -4.36%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Dte Energy Company 2020 Series gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Dte Energy Company 2020 Series stock
Dte Energy Company 2020 Series finds support from accumulated volume at $19.11 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.124 between high and low, or 0.644%. For the last week the stock has had daily average volatility of 0.94%.
Dte Energy Company 2020 Series is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DTB) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Dte Energy Company 2020 Series to open at $19.36, and during the day (based on 14 day Average True Range), to move between $19.00 and $19.64, which gives a possible trading interval of +/-$0.315 (+/-1.63%) up or down from last closing price. If Dte Energy Company 2020 Series takes out the full calculated possible swing range there will be an estimated 3.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.11 (1.09%) than the resistance at $19.76 (2.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dte Energy Company 2020 Series stock A Buy?
Dte Energy Company 2020 Series holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.310 Sell Candidate Downgraded
Predicted Opening Price for Dte Energy Company 2020 Series of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $19.36 ( 0.183%) | $19.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DTB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.48 | 0.83% |
| R2 | 19.43 | 0.580% |
| R1 | 19.40 | 0.428% |
| Price | 19.32 | |
| S1 | 19.31 | -0.0631% |
| S2 | 19.28 | -0.215% |
| S3 | 19.23 | -0.461% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.01 | 3.57% |
| R2 | 19.88 | 2.90% |
| R1 | 19.76 | 2.28% |
| Price | 19.32 | |
| S1 | 19.11 | -1.09% |
| S2 | 18.95 | -1.92% |
| S3 | 18.85 | -2.43% |
DTB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.273 | 1.42% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.273 | 1.45% |
| 3 | Dec 28, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.273 | 1.35% |
| 4 | Sep 28, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.273 | 1.53% |
| 5 | Jun 29, 2023 | Jun 29, 2023 | Jul 15, 2023 | $0.273 | 1.28% |
FAQ
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