How the price action of Duke Energy (DUK) is used to our Advantage

Source: Stock Traders Daily

Longer Term Trading Plans for DUK
  • Buy DUK over 100.14 target 105.34 stop loss @ 99.85 Details
  • The technical summary data tells us to buy DUK near 100.14 with an upside target of 105.34. This data also tells us to set a stop loss @ 99.85 to protect against excessive loss in case the stock begins to move against the trade. 100.14 is the first level of support below 104.04 , and by rule, any test of support is a buy signal. In this case, support 100.14 would be being tested, so a buy signal would exist.

  • Short DUK under 105.34, target 100.14, stop loss @ 105.64 Details
  • The technical summary data is suggesting a short of DUK as it gets near 105.34 with a downside target of 100.14. We should have a stop loss in place at 105.64though. 105.34 is the first level of resistance above 104.04, and by rule, any test of resistance is a short signal. In this case, if resistance 105.34 is being tested, so a short signal would exist.

Swing Trading Plans for DUK
  • Buy DUK over 104.45, target 105.34, Stop Loss @ 104.15 Details
  • If 104.45 begins to break higher, the technical summary data tells us to buy DUK just over 104.45, with an upside target of 105.34. The data also tells us to set a stop loss @ 104.15 in case the stock turns against the trade. 104.45 is the first level of resistance above 104.04, and by rule, any break above resistance is a buy signal. In this case, 104.45, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short DUK near 104.45, target 102.99, Stop Loss @ 104.75. Details
  • The technical summary data is suggesting a short of DUK if it tests 104.45 with a downside target of 102.99. We should have a stop loss in place at 104.75 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 104.45, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for DUK
  • Buy DUK over 104.19, target 104.45, Stop Loss @ 103.95 Details
  • If 104.19 begins to break higher, the technical summary data tells us to buy DUK just over 104.19, with an upside target of 104.45. The data also tells us to set a stop loss @ 103.95 in case the stock turns against the trade. 104.19 is the first level of resistance above 104.04, and by rule, any break above resistance is a buy signal. In this case, 104.19, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short DUK near 104.19, target 102.99, Stop Loss @ 104.43. Details
  • The technical summary data is suggesting a short of DUK if it tests 104.19 with a downside target of 102.99. We should have a stop loss in place at 104.43 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 104.19, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

DUK Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Neutral Strong Strong
P1 0 0 100.14
P2 102.76 102.99 105.34
P3 104.19 104.45 110.61

DUK Long Term Analysis for January 14 2022


DUK Swing Trading Analysis for January 14 2022


DUK Day Trading Analysis for January 14 2022

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Duke Energy (NYSE: DUK) data table below can help you with price action, and we have more details too. Trading plans for DUK are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

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