DTE Energy stock: buy or sell
Updated on:
Jun 22nd, 2021
2
DTE Energy stock brief
- DTE Energy stock merely moved 0.81% to close at $132.91 on the stock market on Monday, breaking a streak of 5 sessions in negative.
- The price is currently under the lower Bollinger band, which usually indicates a short-term bounce that you better not try to trade
- Morgan Stanley published a neutral rating for DTE Energy on Monday, targeting $148.00
- From the chart point view, price is drawing a scaled uptrend since last March with higher tops and higher bottoms. This rally marked a 16.83% gain
- DTE Energy Company engages in the utility operations.
Should I buy DTE Energy stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $DTE stock a buy?
In the current situation of DTE Energy there is not any eligible buy setup. This doesn't mean we expect a selloff for $DTE in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell DTE Energy stock?
When you own a stock with some profit, it's really hard to decide the correct moment to sell and get your profits. Like when we have to buy shares, deciding when is appropiate time to sell is not a whimsy decision, and we must follow our own trading style. When selling, as well as buying, detailed strategies are very simple to follow and are only applicable for selling shares in your porfolio, not for selling short DTE Energy stock
A golden rule is that you should not keep an open trade that leads to greater losses than those expected upon the buy. The moment to sell your stock should always be ruled by the stop-loss (automatic or manual)
Is it time to sell DTE Energy stock?
In the current situation of DTE Energy there is not any eligible sell setup, so DTE Energy stock holders with operations in green can keep their positions
Price broke down below last bottom
DTE Energy ratings
In the last month, 3 analyst ratings were published for DTE Energy
| Brokerage firm | Rating |
|---|---|
| May 24th, 2021 | |
| Morgan Stanley | |
| May 27th, 2021 | |
| Mizuho | |
| Jun 21st, 2021 | |
| Morgan Stanley | |
DTE Energy stock analysis
Since last March, DTE Energy has been printing an uptrend that so far marked an amazing 16.83%. Rising tops and bottoms can be seen easily on a chart and how price provided very few buy points on the breakouts. Latest pullback was last April, when price bounced at $133.99. Last Thursday, the uptrend got broken when price sliced down under the $133.99 support
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
When the price moves out of the band (above the upper line or below the lower line) it indicates that the price is having a very strong trend and therefore can correct the trend to the average. For this case, the price is beneath the upper band, and that should mean a possible short-term bounce (at least) until it is back above the band
Relative strength index
The RSI dropped below the overbought level of 70 in mid-May after just crossing to the overbough zone for a single day (weak signal). The RSI reading on Monday was 37.43. Since RSI lost the overbought zone, DTE Energy shares sank a 7.05%
DTE Energy stock price history
DTE Energy IPO was on Jan 2nd, 1962 at $0.00 per share1. Since then, DTE stock surged by -, with an average of 0.00% per year. If you had invested $1,000USD in DTE Energy stock on the IPO, it would be valued $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for DTE Energy stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions release their price estimates based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new financial information by the company, and many times. If you are a small investor you don't have to trade based on these forecasts.
There are 3 price forecasts published for DTE Energy that average $148.33. DTE Energy closed at $132.91 on Monday, that is a 10.40% than the predicted price.
| Brokerage firm | Price target |
|---|---|
| May 24th, 2021 | |
| Morgan Stanley | $153.00 → $151.00 |
| May 27th, 2021 | |
| Mizuho | $139.00 → $146.00 |
| Jun 21st, 2021 | |
| Morgan Stanley | $151.00 → $148.00 |
Earnings and financials
DTE Energy ($DTE) had the quarterly financial call and posted the report last April. DTE Energy topped market estimates and posted of $2.44, that is a 15.09% surprise versus the previous forecasts of $2.12. In line, reported sales were $3.8 billion compared to estimates of $3.2 billion.
Same quarter one year ago, reported EPS was $1.66, so recently reported EPS is an improvement of 46.99%. Looking at turnover, figures skyrocketed a 25.02% compared to $30.2B same quarter last year.DTE Energy ($DTE) is hosting the quarterly earnings call late next July. Expected for this quarter is $1.34, compared to $2.44 that was reported for Q1.
DTE Energy performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| DTE Energy ($DTE) | -4.60% | 5.10% | 9.40% |
Please read:
The viewpoints contained in this post are personal and not recommendations for you to buy or sell shares. The author of this text does not have an understanding of the individual positions of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for informational motives onlyDTE Energy summary
| Monday, June 21st, 2021 | |
|---|---|
| Open | $132.01 |
| Close | $132.91 |
| Day range | $131.43 - $133.27 |
| Previous close | $131.84 |
| Session gain | 0.81% |
| Average true range | $2.06 |
| 50d mov avg | $137.71 |
| 100d mov avg | $130.74 |
| 200d mov avg | $124.84 |
| Earnings date | July 27th, 2021 |