DUK stock: buy or sell
Jul 29th, 2021
DUK stock brief
- Duke Energy Corporation stock slightly moved -0.67% to close at $105.65 on the stock market on Wednesday, breaking a streak of 3 sessions in green.
- Last Friday broke out above its latest top at $103.90
- Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States.
Should I buy Duke Energy Corporation stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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 $DUK stock a buy?
In the current situation of Duke Energy Corporation there is just one buy setup eligible:
ATH buy setup
One of the most recommended trading strategies is to buy on All-time Highs (ATH) breakouts. The good point of buying at ATHs is that shares price doesn't struggle with upper resistances, and usually it scales fast. However, you must always be aware of a possible bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is so important. Duke Energy Corporation can break to all-time highs any time soon, as it only needs to rise a 2.22%. The buy point is at $108.00 if you want to trade with this strategy. Arm your stop-loss at $97.20
|Buy setup||Buy point||Stop loss||Risk|
|ATH buy setup||$108.00||$97.20||10.00%|
Should I sell Duke Energy Corporation stock?
When you own stock shares with some profit, it's really difficult to decide the correct moment to sell and get your profits. Trading strategies prevent us from making impulsive decisions based on our moods or the noise that surrounds the market. We like very simple strategies to guide us on when is a good moment to sell our shares. Be aware that these strategies should not be used for selling short Duke Energy Corporation stock
As a golden rule, you should not keep an investment that yields losses greater than those expected upon the buy. The timing to sell your stock always has to be dictated by the stop-loss (automatic or manual)
Is it time to sell Duke Energy Corporation stock?
Currently, Duke Energy Corporation stock doesn't match any of our preferred sell setups, so if you own Duke Energy Corporation stock and your operation is in profit probably is not time to sell now
Duke Energy Corporation ratings
In the last 30 days we couldn't find any rating for Duke Energy Corporation
Duke Energy Corporation stock analysis
Since the price bottomed at $97.68 in late June, the stock gained by 8.16%.
Supports and resistances
The current resistances are:
The current supports are:
Since the price surpassed the upper band on Tuesday, the price corrected downwards by 0.97%. The price is moving very close to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a sell point, as price can trade in these levels for many days and weeks
Relative strength index
After crossing up the line of 70 yesterday, fell back below with a reading of 65.39. This is a weak signal for the stock and it must put us on alert of weakness in the price action
Duke Energy Corporation stock price history
Duke Energy Corporation started trading priced at an adjusted price1 of $0.00 on Mar 1980. Since then, DUK stock has risen by -, with an average of 0.00% per year. An investment of $1,000USD at that time would worth $inf nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Duke Energy Corporation stock
Nobody can predict how much a stock will be priced in the future. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.
The following table shows the price forecasts posted by analysts over the last 30 days. Again, these forecasts are not direct recommendations for individual traders and should not be followed blindly.
We don't have any target price published in the last 30 days for Duke Energy Corporation.
Earnings and financials
Last May, Duke Energy Corporation ($DUK) hosted the quarterly financial call and presented the report. DUK beat consensus earnings estimates and reported of $1.26, that is a 5.00% better than expected versus the initial forecasts of $1.20. Nevertheless, reported sales of $6.2 billion were in line with analysts estimates.This compares to Earnings of $1.14 per share a year ago, so current EPS means a gain of 10.53%. Revenue barely moved on an annualized basis in the , from $59.5B to $61.5B last quarter.
DUK ($DUK) is hosting the Q2 earnings call next Monday. Wall Street expects of $1.10, compared to Q1 that made $1.26.
Duke Energy Corporation performance
|Duke Energy Corporation ($DUK)||5.90%||8.10%||16.90%|
Important:The thoughts given in this article are personal and not recommendations for you to buy or sell shares. The author of this report does not have any knowledge of the individual scenarios of the reader, his or her finances 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 Opinions are posted for educative reasons only
|Wednesday, July 28th, 2021|
|Day range||$104.75 - $106.4|
|Average true range||$1.92|
|50d mov avg||$101.54|
|100d mov avg||$99.08|
|200d mov avg||$94.41|
|Earnings date||August 9th, 2021|