How the (DTW) price action is used to our Advantage
August 11, 2024, 09:00 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DTW
- Buy DTW slightly over 22.78 target 23.97 stop loss @ 22.71 Details
The technical summary data tells us to buy DTW near 22.78 with an upside target of 23.97. This data also tells us to set a stop loss @ 22.71 to protect against excessive loss in case the stock begins to move against the trade. 22.78 is the first level of support below 23.32 , and by rule, any test of support is a buy signal. In this case, support 22.78 would be being tested, so a buy signal would exist.
- Short DTW slightly under 23.97, target 22.78, stop loss @ 24.04 Details
The technical summary data is suggesting a short of DTW as it gets near 23.97 with a downside target of 22.78. We should have a stop loss in place at 24.04though. 23.97 is the first level of resistance above 23.32, and by rule, any test of resistance is a short signal. In this case, if resistance 23.97 is being tested, so a short signal would exist.
Swing Trading Plans for DTW
- Buy DTW slightly over 23.35, target 23.97, Stop Loss @ 23.28 Details
If 23.35 begins to break higher, the technical summary data tells us to buy DTW just slightly over 23.35, with an upside target of 23.97. The data also tells us to set a stop loss @ 23.28 in case the stock turns against the trade. 23.35 is the first level of resistance above 23.32, and by rule, any break above resistance is a buy signal. In this case, 23.35, 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 DTW slightly near 23.35, target 22.94, Stop Loss @ 23.42. Details
The technical summary data is suggesting a short of DTW if it tests 23.35 with a downside target of 22.94. We should have a stop loss in place at 23.42 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, 23.35, 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 DTW
- Buy DTW slightly over 23.52, target 23.97, Stop Loss @ 23.47 Details
If 23.52 begins to break higher, the technical summary data tells us to buy DTW just slightly over 23.52, with an upside target of 23.97. The data also tells us to set a stop loss @ 23.47 in case the stock turns against the trade. 23.52 is the first level of resistance above 23.32, and by rule, any break above resistance is a buy signal. In this case, 23.52, 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 DTW slightly near 23.52, target 22.94, Stop Loss @ 23.57. Details
The technical summary data is suggesting a short of DTW if it tests 23.52 with a downside target of 22.94. We should have a stop loss in place at 23.57 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, 23.52, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Dte Energy Company 2017 Series E 5.25% Junior Subordinated Debentures Due 2077 (DTW) available here: DTW.
DTW Ratings for August 11:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
22.78 |
| P2 |
23.52 |
22.94 |
23.97 |
| P3 |
0 |
23.35 |
25.03 |
AI Generated Signals for DTW
Blue = Current Price
Red= Resistance
Green = Support
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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 Dte Energy Company 2017 Series E 5.25% Junior Subordinated Debentures Due 2077 (NYSE: DTW) data table below can help you with price action, and we have more details too. Trading plans for DTW 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.
Fundamental Charts for DTW:
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