DTE Energy Technical Analysis (NYSE:DTE)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The DTE Energy stock price data and volume are plotted in DTE stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for DTE Energy. Technical analysis uses an approach for DTE Energy stock analysis that does not care for the fair value of a company but uses price and volume data only.
DTE Energy Moving Average
Moving averages help predict the price direction of DTE stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $109.39 is below the price of $113.18.
DTE Energy Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the DTE stock. The stock price is trading between the average and the upper band in the context of DTE Energy bollinger bands.
DTE Energy Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The DTE Energy MACD line is below the signal line.
DTE Energy Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of DTE stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.