Duke Energy Corp 5.625 % Debentures ETF Forecast

Red day on Friday for Duke Energy Corp 5.625 % Debentures ETF after losing 0.0420%
(Updated on Apr 19, 2024)

DUKB Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 0.295%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Duke Energy Corp 5.625 % Debentures 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 $23.87 and $24.75. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Duke Energy Corp 5.625 % Debentures gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Duke Energy Corp 5.625 % Debentures ETF

Duke Energy Corp 5.625 % Debentures finds support from accumulated volume at $23.76 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.160 (0.673%) between high and low. For the last week, the ETF has had daily average volatility of 0.98%.

Duke Energy Corp 5.625 % Debentures is oversold on RSI14 (19). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $22.47 (-5.53%) (This ETF has low daily movements and this gives low risk. Low RSI14 is 19 which reduces the risk some. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (DUKB) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Duke Energy Corp 5.625 % Debentures 2018-15.09.78 Global to open at $23.82, and during the day (based on 14 day Average True Range), to move between $23.55 and $24.01, which gives a possible trading interval of +/-$0.226 (+/-0.95%) up or down from last closing price. If Duke Energy Corp 5.625 % Debentures 2018-15.09.78 Global takes out the full calculated possible swing range there will be an estimated 1.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $23.76 (0.08%) than the resistance at $24.56 (3.28%), 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 Corp 5.625 % Debentures 2018-15.09.78 Global ETF A Buy?

Duke Energy Corp 5.625 % Debentures 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: -0.806 Hold/Accumulate Unchanged

Predicted Opening Price for Duke Energy Corp 5.625 % Debentures 2018-15.09.78 Global of Monday, April 22, 2024

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