DTE Energy Company Stock Forecast
Green day on Friday for DTE Energy Company
(Updated on May 03, 2024)
The DTE Energy Company stock price gained 0.751% on the last trading day (Friday, 3rd May 2024), rising from $111.91 to $112.75. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.26% from a day low at $111.45 to a day high of $112.85. The price has risen in 6 of the last 10 days and is up by 3.85% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 270 thousand more shares were traded than the day before. In total, 970 thousand shares were bought and sold for approximately $109.42 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.26% during the next 3 months and, with a 90% probability hold a price between $107.35 and $118.92 at the end of this 3-month period.
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DTE Signals & Forecast
Mostly positive signals in the chart today. 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 $111.11 and $109.23. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 9.25%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for DTE Energy Company stock
DTE Energy Company finds support from accumulated volume at $110.12 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 $1.41 (1.26%) between high and low. For the last week, the stock has had daily average volatility of 1.29%.
Our recommended stop-loss: $107.92 (-4.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (DTE) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect DTE Energy Company to open at $112.35, and during the day (based on 14 day Average True Range), to move between $110.81 and $114.69, which gives a possible trading interval of +/-$1.94 (+/-1.72%) up or down from last closing price. If DTE Energy Company takes out the full calculated possible swing range there will be an estimated 3.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $112.82 (0.06%) than the support at $110.12 (2.33%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for DTE Energy Company stock to perform well in the short-term.
Current score: 3.647 Buy Candidate Unchanged
Predicted Opening Price for DTE Energy Company of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $112.35 ( 0.356%) | $112.75 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 113.75 | 0.89 % | |
| R2 | 113.22 | 0.414 % | ||
| R1 | 112.89 | 0.120 % | ||
| Current price: | 112.75 | |||
| Support | S1 | 111.81 | -0.83 % | |
| S2 | 111.48 | -1.13 % | ||
| S3 | 110.94 | -1.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 112.95 | 0.177 % | ||
| R1 | 112.82 | 0.0621 % | ||
| Current price | 112.75 | |||
| Support | S1 | 110.12 | -2.33% | |
| S2 | 105.27 | -6.63% | ||
| S3 | 104.23 | -7.56% |
DTE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2024 | Mar 15, 2024 | Apr 15, 2024 | $1.02 | 0.97% |
| 2 | Dec 08, 2023 | Dec 15, 2023 | Jan 15, 2024 | $1.02 | 0.94% |
| 3 | Jun 22, 2023 | Sep 15, 2023 | Oct 15, 2023 | $0.95 | 0.97% |
| 4 | May 04, 2023 | Jun 15, 2023 | Jul 15, 2023 | $0.95 | 0.84% |
| 5 | Feb 02, 2023 | Mar 17, 2023 | Apr 15, 2023 | $0.95 | 0.84% |
FAQ
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