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AI Analysis of DTE
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DTE Energy Company stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jul 19, 2024)

Buy or Hold candidate since Jul 10, 2024 Gain 6.43% PDF

The DTE Energy Company stock price fell by -0.506% on the last day (Friday, 19th Jul 2024) from $116.68 to $116.09. During the last trading day the stock fluctuated 1.83% from a day low at $115.48 to a day high of $117.59. The price has been going up and down for this period, and there has been a 5.76% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -220 thousand shares and in total, 455 thousand shares were bought and sold for approximately $52.80 million.

The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $117.32 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect DTE Energy Company stock with a 90% probability to be traded between $107.93 and $116.62 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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DTE Signals & Forecast

The DTE Energy Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $115.09 and $112.43. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, July 17, 2024, and so far it has fallen -1.07%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for DTE Energy Company stock

DTE Energy Company finds support from accumulated volume at $113.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.11 (1.83%) between high and low. For the last week, the stock has had daily average volatility of 2.07%.

Our recommended stop-loss: $111.50 (-3.96%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (DTE) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect DTE Energy Company to open at $116.39, and during the day (based on 14 day Average True Range), to move between $114.05 and $118.13, which gives a possible trading interval of +/-$2.04 (+/-1.76%) up or down from last closing price. If DTE Energy Company takes out the full calculated possible swing range there will be an estimated 3.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $116.33 (0.21%) than the support at $113.18 (2.51%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Earnings coming up

DTE Energy Company will release earnings BMO on Thursday, July 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.22. We will update the financials statements for DTE Energy Company, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.05% in the first trading day after earnings release.

Is DTE Energy Company stock A Buy?

DTE Energy Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.559 Hold/Accumulate Downgraded

Predicted Opening Price for DTE Energy Company of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$116.39 ( 0.256%) $116.09

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for DTE

Fibonacci Support & Resistance Levels

Level Price
R3 118.50 2.07%
R2 117.69 1.38%
R1 117.19 0.95%
Price 116.09
S1 115.58 -0.438%
S2 115.08 -0.87%
S3 114.28 -1.56%

Accumulated Volume Support & Resistance Levels

Level Price
R3 117.34 1.08%
R2 116.53 0.379%
R1 116.33 0.207%
Price 116.09
S1 113.18 -2.51%
S2 112.75 -2.88%
S3 110.12 -5.14%

DTE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 20, 2024 Sep 16, 2024 Oct 15, 2024 $1.02 0.88%
2 May 02, 2024 Jun 17, 2024 Jul 15, 2024 $1.02 0.90%
3 Feb 01, 2024 Mar 15, 2024 Apr 15, 2024 $1.02 0.97%
4 Dec 08, 2023 Dec 15, 2023 Jan 15, 2024 $1.02 0.94%
5 Jun 22, 2023 Sep 15, 2023 Oct 15, 2023 $0.95 0.97%

FAQ

What is the symbol for DTE Energy Company Stock and on which exchange is it traded?
The symbol for DTE Energy Company is DTE and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell DTE Energy Company Stock?
DTE Energy Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy DTE Energy Company Stock?
DTE Energy Company Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy DTE Energy Company Stock.

What's the current price of DTE Energy Company Stock?
As of the end of day on the Jul 19, 2024, the price of an DTE Energy Company (DTE) share was $116.09.

What is the 52-week high and low for DTE Energy Company Stock?
The 52-week high for DTE Energy Company Stock is $118.58 and the 52-week low is $90.14.

What is the market capitalization of DTE Energy Company Stock?
As of the Jul 19, 2024, the market capitalization of DTE Energy Company is 24.023B.

When is the next earnings date for DTE Energy Company?
The upcoming earnings date for DTE Energy Company is Jul 25, 2024.
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About DTE Energy Company

DTE Energy Company DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets. This segment owns and operates approximately 698 distribution s... DTE Profile

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