How the price action of Dte Energy Holding ($DTE) is used to our Advantage
April 24, 2023, 18:30 pm ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DTE
- Buy DTE slightly over 106.49 target 115.85 stop loss @ 106.18 Details
The technical summary data tells us to buy DTE near 106.49 with an upside target of 115.85. This data also tells us to set a stop loss @ 106.18 to protect against excessive loss in case the stock begins to move against the trade. 106.49 is the first level of support below 114.34 , and by rule, any test of support is a buy signal. In this case, support 106.49 would be being tested, so a buy signal would exist.
- Short DTE slightly under 115.85, target 106.49, stop loss @ 116.18 Details
The technical summary data is suggesting a short of DTE as it gets near 115.85 with a downside target of 106.49. We should have a stop loss in place at 116.18though. 115.85 is the first level of resistance above 114.34, and by rule, any test of resistance is a short signal. In this case, if resistance 115.85 is being tested, so a short signal would exist.
Swing Trading Plans for DTE
- Buy DTE slightly over 115.85, target 124.86, Stop Loss @ 115.52 Details
If 115.85 begins to break higher, the technical summary data tells us to buy DTE just slightly over 115.85, with an upside target of 124.86. The data also tells us to set a stop loss @ 115.52 in case the stock turns against the trade. 115.85 is the first level of resistance above 114.34, and by rule, any break above resistance is a buy signal. In this case, 115.85, 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 DTE slightly near 115.85, target 114.00, Stop Loss @ 116.18. Details
The technical summary data is suggesting a short of DTE if it tests 115.85 with a downside target of 114.00. We should have a stop loss in place at 116.18 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, 115.85, 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 DTE
- Buy DTE slightly over 114.42, target 115.85, Stop Loss @ 114.15 Details
If 114.42 begins to break higher, the technical summary data tells us to buy DTE just slightly over 114.42, with an upside target of 115.85. The data also tells us to set a stop loss @ 114.15 in case the stock turns against the trade. 114.42 is the first level of resistance above 114.34, and by rule, any break above resistance is a buy signal. In this case, 114.42, 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 DTE slightly near 114.42, target 114.00, Stop Loss @ 114.69. Details
The technical summary data is suggesting a short of DTE if it tests 114.42 with a downside target of 114.00. We should have a stop loss in place at 114.69 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, 114.42, 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 Holding (DTE) available here: DTE.
DTE Ratings for April 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Weak |
| P1 |
0 |
0 |
106.49 |
| P2 |
113.65 |
112.35 |
115.85 |
| P3 |
114.42 |
114.00 |
124.86 |
AI Generated Signals for DTE
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 Holding (NYSE: DTE) data table below can help you with price action, and we have more details too. Trading plans for DTE 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 DTE:
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