DTE Energy Company JR SUB DB 2017 E ETF Forecast

Red day on Tuesday for DTE Energy Company JR SUB DB 2017 E ETF after losing 2.63%
(Updated on Apr 30, 2024)

DTW Signals & Forecast

There are few to no technical positive signals at the moment. The DTE Energy Company JR SUB DB 2017 E ETF 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 $23.17 and $24.15. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -9.94%. 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 rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.

Support, Risk & Stop-loss for DTE Energy Company JR SUB DB 2017 E ETF

There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.620 between high and low, or 2.75%. For the last week, the ETF has had daily average volatility of 1.52%.

DTE Energy Company JR SUB DB 2017 E is oversold on RSI14 (23). Some ETFS 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 (DTW) For The Upcoming Trading Day Of Wednesday 1st

For the upcoming trading day on Wednesday, 1st we expect DTE Energy Company JR SUB DB 2017 E to open at $22.77, and during the day (based on 14 day Average True Range), to move between $22.23 and $22.89, which gives a possible trading interval of +/-$0.326 (+/-1.44%) up or down from last closing price. If DTE Energy Company JR SUB DB 2017 E takes out the full calculated possible swing range there will be an estimated 2.89% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $23.02, some $0.460 (2.04%) from the current price of $22.56, our system finds the risk reward not very attractive.

Is DTE Energy Company JR SUB DB 2017 E ETF A Buy?

DTE Energy Company JR SUB DB 2017 E 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 ETF.

Current score: -4.137 Sell Candidate Unchanged

Predicted Opening Price for DTE Energy Company JR SUB DB 2017 E of Wednesday, May 1, 2024

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