DUK stock: buy or sell

DUK stock price: $101.09 -0.32% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

2

DUK stock brief

  • Duke Energy Corporation scarcely moved a -0.32% after reaching new highs on Tuesday
  • KeyCorp published a buy rating for Duke Energy Corporation on Wednesday, with a forecast of $105.00
  • 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 not any eligible buy setup. This doesn't mean $DUK will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Duke Energy Corporation stock?

"To sell or not to sell", if you are holding Duke Energy Corporation stock?. As when we have to buy shares, deciding when is the best time to sell is not a whimsical decision, and we must follow our own trading style. When selling, as well as buying, detailed strategies are very easy to use but are only applicable for selling shares in your porfolio, not for selling short $DUK stock

A guiding principle is that you must never hold an open trade that produces greater losses than those expected by the time of purchase. 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 hold Duke Energy Corporation stock and your operation is in profit probably is not time to sell now

Duke Energy Corporation ratings

In the last month, 7 brokerage ratings were published for Duke Energy Corporation

Duke Energy Corporation analysts' ratings - Last month
Brokerage firmRating
Mar 25th, 2021
Morgan Stanley
Apr 14th, 2021
Credit Suisse Group Neutral
Wells Fargo & Company
Apr 20th, 2021
Credit Suisse Group Neutral
Morgan Stanley
Wells Fargo & Company
Apr 21st, 2021
KeyCorp Buy

Duke Energy Corporation stock analysis

$DUK at new All-time Highs

On Tuesday, Duke Energy Corporation reached all-time highs (ATH) again at $101.83

SMAs overview

DUK stock SMAs chart

Supports and resistances

Price is at highs and there are not upper resistance levels.

The current supports are:

  • S1: $99.38 (-1.69% below)
  • S2: $96.89 (-4.15% below)
  • S3: $95.34 (-5.69% below)
  • Bollinger bands

    Since the price surpassed the upper band on Tuesday, the price has corrected downwards by 0.73%. The price is moving near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a bearish indicator, as price can trade in these levels for many days and weeks

    DUK stock Bollinger Bands chart

    Relative strength index

    Climbed above the 70 level Wednesday, marking a value of 75.15. Crossing up above the overbought zone is not a sell signal, as stocks can rally during several weeks being above the level of 70

    DUK stock RSI chart

    Duke Energy Corporation stock price history

    Duke Energy Corporation went public priced at an adjusted price1 of $0.00 on Mar 1980. Since then, DUK stock surged by -, with an average of 0.00% per year. An investment of thousand dollars at that time would have a value of $inf nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    DUK stock price history chart

    Price target for Duke Energy Corporation stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, brokerage institutions post their price estimates based on the stock price action and the company fundamental data. Most of these predictions follow the release of new financial data by the company, and usually. If you are a small trader you shouldn't invest based on these predictions.

    The average price target for Duke Energy Corporation stock calculated from the table below is $104.29. Duke Energy Corporation closed at $101.09 on Wednesday, that is a 3.07% than the forecasted price.

    Duke Energy Corporation stock price predictions
    Brokerage firmPrice target
    Mar 25th, 2021
    Morgan Stanley $99.00$101.00
    Apr 14th, 2021
    Credit Suisse Group $96.00$104.00
    Wells Fargo & Company $97.00$104.00
    Apr 20th, 2021
    Credit Suisse Group $96.00$104.00
    Morgan Stanley $101.00$108.00
    Wells Fargo & Company $97.00$104.00
    Apr 21st, 2021
    KeyCorp $106.00$105.00

    Earnings and financials

    Duke Energy Corporation ($DUK) reported earnings of $1.03 per share last February, matching the analysts consensus estimate of $1.03 per share. Predicted turnover was $6.7 billion but Duke Energy Corporation missed by 14.03%, posting $5.8 billion.

    Same quarter last year, reported EPS was $0.91, so recently posted EPS is a gain of 13.19%. Looking at sales, figures sliced a -5.34% compared to $61.0B year over year.

    DUK ($DUK) posts earnings report mid next May. Expected for this quarter is $1.23, compared to $1.03 that was reported for Q4.

    Duke Energy Corporation competitors

    Duke Energy Corporation is classified inside the Utilities - Regulated Electric industry, which contain industry peers.

    The following are some of Duke Energy Corporation most relevant competitors:

    Duke Energy Corporation competitors
    CompanyMarket capRatingBullish ratings1
    Duke Energy Corporation ($DUK) $69.8B Neutral 1
    NextEra ($NEE) $138.8B Neutral 0
    Southern ($SO) $63.1B Neutral 3
    Dominion Energy ($D) $61.1B Buy 2
    American Electric Power ($AEP) $40.2B Strong buy 4
    Xcel Energy ($XEL) $33.4B Sell 0
    Pacific Gas & Electric ($PCG) $22.3B Neutral 0
    PPL ($PPL) $21.3B Neutral 0
    Ameren ($AEE) $18.8B Buy 2
    FirstEnergy ($FE) $18.7B Buy 1

    1 In the last 30 days.

    Duke Energy Corporation performance

    To better understand Duke Energy Corporation stock performance you must compare its gains with other related stocks in same sector or industry.. For Duke Energy Corporation, the benchmark is made against NextEra, Southern, Dominion Energy, American Electric Power, Xcel Energy, Pacific Gas & Electric, PPL, Ameren and FirstEnergy.

    DUK performance compared
    Company1m3m6m
    Duke Energy Corporation ($DUK) 8.70% 12.90% 12.00%
    NextEra ($NEE) 13.80% -2.10% 6.60%
    Southern ($SO) 11.10% 9.90% 15.50%
    Dominion Energy ($D) 9.00% 13.40% 0.10%
    American Electric Power ($AEP) 6.40% 11.30% -1.10%
    Xcel Energy ($XEL) 13.80% 11.80% -0.40%
    Pacific Gas & Electric ($PCG) 0.20% -7.10% 5.80%
    PPL ($PPL) -1.60% 3.50% 2.80%
    Ameren ($AEE) 9.00% 17.60% 4.20%
    FirstEnergy ($FE) 5.00% 18.40% 17.40%

    Disclaimer:
    The thoughts contained in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not know the individual positions of the reader, his or her own 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 general educational reasons only

    DUK summary

    Wednesday, April 21st, 2021
    Open$101.37
    Close$101.09
    Day range$100.57 - $101.65
    Previous close$101.41
    Session gain-0.32%
    Average true range$1.41
    50d mov avg$92.96
    100d mov avg$91.78
    200d mov avg$88.24
    Earnings dateMay 11th, 2021

    Frequently asked questions

    What is Duke Energy Corporation stock symbol?

    Duke Energy Corporation is a public company trading in the US stock market with the DUK symbol

    Is Duke Energy Corporation stock a buy or sell?

    Duke Energy Corporation received 7 ratings in the last 30 days: 1 bullish, 0 bearish and 2 neutral.

    Will DUK go up?

    Duke Energy Corporation had different price forecasts posted by analysts in the last month setting the target price to $104.29. That is a 3.17% than the last price ($101.09).