Duke Energy Corporation Stock Forecast
Duke Energy Corporation stock price ended at $97.71 on Friday, after losing 1.33%.
(Updated on Apr 26, 2024)
The Duke Energy Corporation stock price fell by -1.33% on the last day (Friday, 26th Apr 2024) from $99.03 to $97.71. During the last trading day the stock fluctuated 1.64% from a day low at $97.62 to a day high of $99.22. The price has risen in 6 of the last 10 days and is up by 2.96% over the past 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 -967 thousand shares and in total, 1 million shares were bought and sold for approximately $135.74 million.
The stock lies in the middle of a 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 4.05% during the next 3 months and, with a 90% probability hold a price between $97.11 and $103.11 at the end of this 3-month period.
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DUK Signals & Forecast
The Duke Energy Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $98.03. On a fall, the stock will find some support from the long-term average at approximately $95.86. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Thursday, April 25, 2024, and so far it has fallen -1.33%. 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. 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 $95.50 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 $1.60 between high and low, or 1.64%. For the last week the stock has had daily average volatility of 1.57%.
Our recommended stop-loss: $93.40 (-4.41%) (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 (DUK) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Duke Energy Corporation to open at $98.18, and during the day (based on 14 day Average True Range), to move between $96.11 and $99.31, which gives a possible trading interval of +/-$1.60 (+/-1.63%) up or down from last closing price. If Duke Energy Corporation takes out the full calculated possible swing range there will be an estimated 3.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $98.12 (0.42%) than the support at $95.50 (2.26%), 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 Duke Energy Corporation 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 Duke Energy Corporation stock to perform well in the short-term.
Current score: 2.007 Buy Candidate Unchanged
Predicted Opening Price for Duke Energy Corporation of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$98.18 ( 0.484%) | $97.71 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 99.78 | 2.12 % | |
R2 | 99.17 | 1.50 % | ||
R1 | 98.79 | 1.11 % | ||
Current price: | 97.71 | |||
Support | S1 | 97.57 | -0.141 % | |
S2 | 97.19 | -0.528 % | ||
S3 | 96.58 | -1.15 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 98.96 | 1.28 % | |
R2 | 98.24 | 0.542 % | ||
R1 | 98.12 | 0.420 % | ||
Current price | 97.71 | |||
Support | S1 | 95.50 | -2.26% | |
S2 | 92.65 | -5.18% | ||
S3 | 91.69 | -6.16% |
DUK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 11, 2024 | Feb 15, 2024 | Mar 18, 2024 | $1.03 | 1.08% |
2 | Oct 23, 2023 | Nov 16, 2023 | Dec 18, 2023 | $1.03 | 1.06% |
3 | Jul 13, 2023 | Aug 17, 2023 | Sep 18, 2023 | $1.03 | 1.08% |
4 | May 04, 2023 | May 11, 2023 | Jun 16, 2023 | $1.01 | 1.09% |
5 | Jan 04, 2023 | Feb 16, 2023 | Mar 16, 2023 | $1.01 | 1.03% |
FAQ
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