DTE Energy Company Stock Forecast

Red day on Tuesday for DTE Energy Company
(Updated on Apr 23, 2024)

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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $107.04 and $109.30. A breakdown below any of these levels will issue sell signals. 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 Monday, April 22, 2024, and so far it has fallen 0%. 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). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

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

DTE Energy Company finds support from accumulated volume at $105.27 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 $1.62 (1.48%) between high and low. For the last week, the stock has had daily average volatility of 1.99%.

Our recommended stop-loss: $105.72 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (DTE) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect DTE Energy Company to open at $110.27, and during the day (based on 14 day Average True Range), to move between $108.06 and $112.18, which gives a possible trading interval of +/-$2.06 (+/-1.87%) up or down from last closing price. If DTE Energy Company takes out the full calculated possible swing range there will be an estimated 3.75% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $111.09 (0.88%) than the support at $105.27 (4.40%), 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.

Is DTE Energy Company stock A Buy?

DTE Energy Company holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.962 Hold/Accumulate Unchanged

Predicted Opening Price for DTE Energy Company of Wednesday, April 24, 2024

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