Duke Energy Corporation Stock Forecast
Red day on Tuesday for Duke Energy Corporation stock after losing 0.764%
(Updated on Jun 18, 2024)
The Duke Energy Corporation stock price fell by -0.764% on the last day (Tuesday, 18th Jun 2024) from $100.80 to $100.03. During the last trading day the stock fluctuated 1.44% from a day low at $99.70 to a day high of $101.14. The price has fallen in 9 of the last 10 days and is down by -4.37% for this period. Volume has increased on the last day by 74 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, 2 million shares were bought and sold for approximately $232.05 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $99.63 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 10.04% during the next 3 months and, with a 90% probability hold a price between $109.63 and $116.79 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DUK Signals & Forecast
There are few to no technical positive signals at the moment. The Duke Energy Corporation 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 $101.52 and $102.08. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -4.37%. 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 stock should be followed more closely. The stock had a Golden Star Signal on Tuesday, March 05, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, March 05, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Duke Energy Corporation stock
Duke Energy Corporation finds support from accumulated volume at $99.77 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 $1.44 between high and low, or 1.44%. For the last week the stock has had daily average volatility of 1.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DUK) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Duke Energy Corporation to open at $100.29, and during the day (based on 14 day Average True Range), to move between $98.56 and $101.50, which gives a possible trading interval of +/-$1.47 (+/-1.47%) up or down from last closing price. If Duke Energy Corporation takes out the full calculated possible swing range there will be an estimated 2.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $99.77 (0.26%) than the resistance at $100.42 (0.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Duke Energy Corporation stock A Buy?
The Duke Energy Corporation stock holds several negative signals and despite the positive trend, we believe Duke Energy Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.248 Sell Candidate Unchanged
Predicted Opening Price for Duke Energy Corporation of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $100.29 ( 0.260%) | $100.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DUK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 101.73 | 1.70% |
| R2 | 101.18 | 1.15% |
| R1 | 100.84 | 0.81% |
| Price | 100.03 | |
| S1 | 99.74 | -0.290% |
| S2 | 99.40 | -0.630% |
| S3 | 98.85 | -1.18% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 103.57 | 3.54% |
| R2 | 102.36 | 2.33% |
| R1 | 100.42 | 0.390% |
| Price | 100.03 | |
| S1 | 99.77 | -0.260% |
| S2 | 98.24 | -1.79% |
| S3 | 95.41 | -4.62% |
DUK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 16, 2024 | Jun 17, 2024 | $1.03 | 1.02% |
| 2 | Jan 11, 2024 | Feb 15, 2024 | Mar 18, 2024 | $1.03 | 1.08% |
| 3 | Oct 23, 2023 | Nov 16, 2023 | Dec 18, 2023 | $1.03 | 1.06% |
| 4 | Jul 13, 2023 | Aug 17, 2023 | Sep 18, 2023 | $1.03 | 1.08% |
| 5 | May 04, 2023 | May 11, 2023 | Jun 16, 2023 | $1.01 | 1.09% |
FAQ
Click here for our free guide on how to buy Duke Energy Corporation Stock.
