Energy Stocks: Macro Fib SchematicsThis idea beholds 6 of the largest Energy companies in the world.
(Shell, Chevron, Exxon, BP, Duke, and OXY Petroleum.)
These macro schematics have been crafted through meticulous Fibonacci techniques.
I've laid every one on a 3 month timeframe starting at 1988. History buffs will understand the time reference to the rough "start" of Middle Eastern conflicts from the West and the rise of the price of "fossil fuels".
I'm not begging anyone to understand this genius mastery of Fib tools. You either see it or you don't.
I've linked my ENERGY COMMODITIES idea below for more analysis.
Duke
Duke Energy (DUK) Ascends While Market Falls: Duke Energy (DUK) closed at $88.15 in the latest trading session, marking a +0.44% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 1.43% for the day. Elsewhere, the Dow lost 0.32%, while the tech-heavy Nasdaq lost 2.43%.
Shares of the electric utility have depreciated by 3.69% over the course of the past month, outperforming the Utilities sector's loss of 10.6% and lagging the S&P 500's loss of 1.55%.
Investors will be eagerly watching for the performance of Duke Energy in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 2, 2023. In that report, analysts expect Duke Energy to post earnings of $1.98 per share. This would mark year-over-year growth of 11.24%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.14 billion, up 2.12% from the year-ago period.
Duke Energy (DUK) Advances While Market DeclinesIn the latest market close, Duke Energy (DUK) reached $88.68, with a +0.74% movement compared to the previous day. This move outpaced the S&P 500's daily loss of 0.5%. Meanwhile, the Dow experienced a rise of 0.12%, and the technology-dominated Nasdaq saw a decrease of 1.23%.
The electric utility's stock has dropped by 7.77% in the past month, exceeding the Utilities sector's loss of 10.36% and lagging the S&P 500's loss of 2.4%.
The investment community will be paying close attention to the earnings performance of Duke Energy in its upcoming release. The company is slated to reveal its earnings on November 2, 2023. The company is predicted to post an EPS of $2.03, indicating a 14.04% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $8.2 billion, indicating a 2.97% growth compared to the corresponding quarter of the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Duke Energy. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
HE- Hawaii Power responsible for the fires LONGAs seen on the 2H chart HE has been trending down since July 28th and the recent
earnings miss and devastating fires caused by faults in its electric distribution system.
There will be lawsuits which will drag on for years. No matter this is a regulatory
protected monopoly. It will be rescued by the consumers through the regulators.
Price is reversing to the upside. Price is now at or above the POC line of the volume
profile I will take a large long trade. If you want my ideas as to
a stop loss and targets or the selected call option, please leave a comment.
As an aside profits in this trade will be donated to the survivors and victims of
this unnatural disaster.
Think Utilities are Safe? Think AgainTrend break to the downside and forming a bear flag instead of a retest of previous support. Monthly lower high set. Bearish crossover on the MACD. And rolling blackouts across the nation as a massive freezing snowstorm forces people to use heaters indoors. Short.
Duke Energy to find buyers.Duke Energy - 30d expiry - We look to Buy at 97.51 (stop at 94.38)
Bespoke support is located at 97.30.
Levels below 97.00 continue to attract buyers.
The daily chart technicals suggests further downside before the uptrend returns.
We look for a temporary move lower.
We look to buy dips.
Our profit targets will be 105.33 and 107.33
Resistance: 103.00 / 106.43 / 110.00
Support: 98.46 / 97.30 / 95.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
DUK | Duke Energy Oversold | WatchingDuke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable generation, and nuclear fuel to generate electricity. It also engages in the wholesale of electricity to municipalities, electric cooperative utilities, and load-serving entities. This segment serves approximately 8.2 million customers in 6 states in the Southeast and Midwest regions of the United States covering a service territory of approximately 91,000 square miles; and owns approximately 50,259 megawatts (MW) of generation capacity. The Gas Utilities and Infrastructure segment distributes natural gas to residential, commercial, industrial, and power generation natural gas customers; and owns, operates, and invests in pipeline transmission and natural gas storage facilities. It has approximately 1.6 million customers, including 1.1 million customers in North Carolina, South Carolina, and Tennessee, as well as 550,000 customers in southwestern Ohio and northern Kentucky. The Commercial Renewables segment acquires, owns, develops, builds, and operates wind and solar renewable generation projects, including nonregulated renewable energy and energy storage services to utilities, electric cooperatives, municipalities, and corporate customers. It has 23 wind, 178 solar, and 2 battery storage facilities, as well as 71 fuel cell locations with a capacity of 3,554 MW across 22 states. The company was formerly known as Duke Energy Holding Corp. and changed its name to Duke Energy Corporation in April 2005. The company was founded in 1904 and is headquartered in Charlotte, North Carolina.
DUK: Nat Gas going up,so does DukeDuke Energy
Short Term -We look to buy at 105.90 (stop at 102.26)
Buying pressure from 97.00 resulted in prices rejecting the dip. This is positive for sentiment and the uptrend has a potential to return. Bespoke support is located at 105.50. There is scope of selling at the opening but we expect support to stem any losses. Preferred trade is to buy dips close to our bespoke support zone.
Our profit target will be 113.95 and 117.00
Resistance: 114.00 / 120.00 / 124.00
Support: 105.50 / 97.00 / 86.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Broad Market PlayLooking to align Duke fortunes to the broader market. We tested the daily kijun on Friday and that usually comes with a retreat. I am expecting this retreat today, caution however should be taken due to good earnings which I anticipate to have been priced in by the 3.5% gain from May 2.
Sell limit @ 111.91
TP 109.81
SL 112.66
R 2.8
Risk management crucial!
DUK Weekly Options PlayDescription
DUK has been working this patter that looks a lot like a head and shoulders, missing some volume indications. If so, the neckline has been broken here at 97.
As always, most patterns are not confirmed until they are already over.
The break through 97 is the signal for the entry, and also the stop loss for the position.
Using long puts to leave the downside open.
The level of the VIX right now is my primary concern in opening long option positions. I consider all of my positions risky, and manage risk accordingly.
Long Put
Levels on Chart
SL > 97
PT : 86
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
1/21/2022 95P
R/R & Breakevens vary on fill.
The January dated put is due to the limited amount of expiration dates to choose from.
Manage Risk
Only invest what you are willing to lose
Median projection FUTURE local median reversal, HomelyA more comforting homely forecast for btc / usd, while goats where sleeping..
If..yet to be seen "price reversal" from the current median line hits 13300,
the higher probability for a legendary 20k+ pump during 2020 run up / new year / jan week 1 & 2, lures.
btc still has route to follow, see projected wave top / frothy head.
As local sentiment is now uncertain leaning bearish, will this move pass baa by..
Get ready..
the next 72hrs will draw some baa conclusions..
Duke
Goatclub.io
Halliburton the evil cash machinelook for a bounce as gas/ petro rebounds, and the Maduro regime collapses (opens the door to western capitalist energy companies)
Wait until sub $20 to get in, still haven't seen a capitulation bottom candle yet on the 1W (look for vol total greater than 90 million, preferably 115+ )