pool adsDuke Energy $DUK Trading Report
Stock Traders Daily is celebrating 20 years, providing proactive risk-controlled strategies all along, and this is a good example. When we couple this with out market based analysis, the probabilities of going with the flow increases, and that is material over time. The Duke Energy (NYSE: DUK) report below can help you, but we have more details too. The trading plans for DUK, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Strong | Weak |
| P1 | 0 | 0 | 73.04 |
| P2 | 93.19 | 93.89 | 81.44 |
| P3 | 94.23 | 97.41 | 88.77 |
Support and Resistance Plot Chart for DUK
Long Term Trading Plans for DUK
October 12, 2020, 6:30 pm ET
The Technical Summary and Trading Plans for DUK help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this DUK Report.
DUK - (Long) Support Plan
The technical summary data tells us to buy DUK near 88.77, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 88.51 to protect against excessive loss in case the stock begins to move against the trade. 88.77 is the first level of support below 93.11, and by rule, any test of support is a buy signal. In this case, if support 88.77 is being tested, a buy signal would exist.
DUK - (Short) Resistance Plan
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
