Duke Energy Corp Technical Analysis (NYSE:DUK)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The DUK stock chart pattern can give those who understand technical analysis an indication of which way DUK stock is headed, but cannot predict with 100% certainty as to what can happen to the Duke Energy Corp stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Duke Energy Corp. Technical analysis uses an approach for Duke Energy Corp stock analysis that does not care for the fair value of a company but uses price and volume data only.
Duke Energy Corp Moving Average
Moving averages help predict the price direction of DUK stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $80.91 is below the last closing price of $81.79 and the 50 day moving average of $79.01 is below the last closing price of $81.79. The 10 and 20 day periods can predict short term moving average trends.
Duke Energy Corp Bollinger Bands
Bollinger bands comprise of a center line usually DUK SMA, and two DUK stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of Duke Energy Corp bollinger bands.
Duke Energy Corp Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Duke Energy Corp MACD line is above the signal line.
Duke Energy Corp Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of DUK stock is 55.78.