DTE Energy stock: buy or sell
Updated on:
Jan 18th, 2021
1
DTE Energy stock brief
- DTE Energy closed last Friday at $123.52 after climbing a 1.50%.
- The price is currently above the upper Bollinger band, which is usually an indicator of a near-term correction
- Last Friday broke out above its latest top at $122.20
- 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 $DTE will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell DTE Energy stock?
When is it time to sell DTE Energy?. Trading strategies give us the ability us to avoid impetuous decisions based on our personal moods or the buzz surrounding the market. Our trading system selects very simple strategies to guide us on when is the best time to sell our shares. Be aware that these strategies should not be used for shorting $DTE stock
As a golden rule, you must never mantain a trading operation that yields greater losses than those expected at the time of the buy. When to sell shares must always be dictated by the stop-loss (automatic or manual)
Is it time to sell DTE Energy stock?
Currently, DTE Energy stock doesn't match any of our preferred sell setups, so if you hold DTE Energy shares and your operation is in profit probably is not time to sell now
DTE Energy ratings
In the last month, just one analyst rating was published for DTE Energy
| Brokerage firm | Rating |
|---|---|
| Jan 12th, 2021 | |
| KeyCorp | Buy |
DTE Energy stock analysis
Last Friday, the price broke out over the previous top at $122.20 on the downtrend started last November. Since then, the price action resulted in a 1.08% profit.
SMAs overview
Supports and resistances
The current resistance levels are:
The current supports are:
Bollinger bands
The evolution of the Bollinger Bands on the chart proves that they are relatively close to each other (4.56%), which clearly means that price volatility is low. Reduced volatility is often the antecedent to a sudden movement (up or down), so we must be alert and manage our buy or sell orders correctly
Relative strength index
When the moves for so long below 70 and above 30, without showing moments of overbought and oversold, the indicator becomes of little use, and we currently are in such a case.
DTE Energy stock price history
DTE Energy started trading priced at an adjusted price1 of $0.00 on Jan 1962. Since then, DTE stock has risen by -, with an average of 0.00% per year. If you had invested $1,000USD in DTE Energy stock at that time, it would be valued $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for DTE Energy stock
Nobody can predict how much a stock will be priced in the future. Banks and financial organisations publish their analysis forecasting how a particular stock will performance in the future.
The following table shows the price target released by financial institutions for the last 30 days. If you are a small trader you don't have to invest based on these forecasts.
There is just one price target issued for DTE Energy that predicts a price of $138.00.
| Brokerage firm | Price target |
|---|---|
| Jan 12th, 2021 | |
| KeyCorp | $140.00 → $138.00 |
Earnings and financials
Last October, DTE Energy Company ($DTE) posted adjusted EPS for that strongly improved Market expectations. Quarterly EPS was $2.61 per share from an estimated $1.94. This quarterly report means an earnings surprise of 34.54%. Company's sales was $3.3 billion in contrast to $3.1 billion forecasted by market consensus.
Compared to the same quarter last year, EPS was $1.91, so current EPS is a gain of 36.65%. Revenue inched a 5.29% on an annualized basis in the , from $31.2B to $32.8B last quarter.DTE Energy ($DTE) presents financial report next Wednesday. Wall Street expects of $1.27, compared to previous quarter that was $2.61.
DTE Energy performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| DTE Energy ($DTE) | -0.50% | 5.60% | 13.10% |
Important:
The thoughts written in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this document does not have any knowledge of the specific situations of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are provided for informational motives onlyDTE Energy summary
| Friday, January 15th, 2021 | |
|---|---|
| Open | $122.18 |
| Close | $123.52 |
| Day range | $121.25 - $123.85 |
| Previous close | $121.7 |
| Session gain | 1.50% |
| Average true range | $2.90 |
| 50d mov avg | $124.04 |
| 100d mov avg | $120.52 |
| 200d mov avg | $112.94 |
| Earnings date | February 3rd, 2021 |