0ID1 trade ideas
Utilities SurgeRead the chart for the lesson. This is very valuable and is not just used for the macro
DUK: the bigger the base, the bigger the spaceA price actioin above 94.00 supports a bullish trend direction.
The price action is contained between the 200-day and 200-week simple moving averages.
Bullish confirmation for a break above 97.00 (which is the 23.6% Fibonacci retracement level as well).
The stop-loss price is set at 94.00.
The price action is busy developing a base.
A base-forming price action typically indicates a period of consolidation in the stock, where the price moves sideways after a decline, suggesting potential stabilisation before a possible upward trend.
$DUK shaping up nicely One thing that worries me is the recent cold surge but this similar pattern to last year is too good to pass up for a good RR and a +EV bet.
Box on $DUKBig box on the hourly chart here, with a possible ema crossover and positive price action coming.
$DUK Cyclical Close to the same pattern occurred at this same time last year which would leave me to believe we're going lower come February. +EV
DUK IdeaDuke Energy Corp. (DUK)
Duke is a large, regulated U.S. electricity company with a focus on southern states such as Florida and North Carolina. That has served the company well as these states have generally had strong economies with healthy population and economic growth. Duke also recently received a favorable rate agreement with regulators in North Carolina. Like many utility stocks, Duke Energy shares significantly lagged the market in 2023. This came about in large part due to higher interest rates, which lowered the appeal of dividend stocks. With interest rates expected to decline, however, the outlook should be better for the electric utilities in 2024. That's doubly true as Duke is planning to invest $65 billion in capital works between 2023 and 2027 and so a fall in interest rates should save it a considerable amount in terms of debt service.
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.
DUK - AAH! What is happening??The last week has looked horrendous for shares of Duke Energy (DUK) and the same is true for many other utilities. It seems that every day it just gets sold more, and it has ended up down 10% for the week. This is especially severe since utilities are supposed to be one of the most defensive options - typically these stocks see low volatility and low growth.
As of now, it appears to be in free fall. What levels can we look to?
As you can see on my chart, the $86 level seems obvious and crucial - it has served as significant past support and resistance. What typically happens in these situations is that the share price will go slightly below the key support level and then rebound, so it may be a buying opportunity if it starts stalling out around there. Below that there's an assortment of other strong levels.
I also want to mention the $100 level, which is a major psychological level and support. It's probably well past there now at $93, but if it were to rally immediately there's a possibility it retakes that level quickly.
For the moment, you can try following the downward trend, but this decline seems more dependent on the broader market index. If that were to end, you can generally expect utilities to rebound.
If you feel like buying utilities for the long term, this may be the place to start buying!
Duke (DUK) Long on EntryDUK is playing around the entry point for a while, but is giving us a fairly good looking rising flag look.
$DUK with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NYSE:DUK after a negative over reaction following its earnings release placing the stock in drift C .
DUK - UptrendA simple up trend line
I expect bullish rejection due to a double bottom pattern along the up trend line
Daily timeframe
DUK Long with a resistance at ~97.00I plan a trade at 97,48 just before the resistance zone at ~97.00. in the past, this zone was often confirmed and the course changed the direction there. We also have the 0,382 Fibonacci just in this zone, increasing the probability of a reverse in this area. The stop loss is placed below the resistance with a little bit of buffer to breathe. The take profit is placed below the upcoming trendline which can be a resistance.
ABC/DPossible stop below C.
Target is D. If price goes below C by a significant amount, then the pattern is not valid. Most would think of this as a defensive play.
I have this in my IRA due to the high dividend.
Day Range
94.71
95.69
EPS (FWD)
5.65
PE (FWD)
16.83
Div Rate (FWD)
$4.02
Yield (FWD)
4.23%
Short Interest
0.94%
Market Cap
$73.28B
No recommendation.
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments, Electric Utilities and Infrastructure (EU&I) and Gas Utilities and Infrastructure (GU&I). The EU&I 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. This segment also engages in the wholesale of electricity to municipalities, electric cooperative utilities, and load-serving entities. The GU&I segment distributes natural gas to residential, commercial, industrial, and power generation natural gas customers; and invests in pipeline transmission projects, renewable natural gas projects, and natural gas storage facilities. The company was formerly known as Duke Energy Holding Corp. and changed its name to Duke Energy Corporation in April 2006. The company was founded in 1904 and is headquartered in Charlotte, North Carolina.
$DUK with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for $DUK after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 71.43%.
Descending TriangleNeutral until broken.
Utilities are usually a safe place to hide but weakness is noted in some of these names.
This one has a great dividend and I do hold on to it in my IRA.
No recommendation.
This may break down but a good one to catch if it does.
EPS (FWD)
5.65
PE (FWD)
17.38
Div Rate (FWD)
$4.02
Yield (FWD)
4.09%
Short Interest
1.09%
Market Cap
$75.68B
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
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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 with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $DUK after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 66.67%.
DUK // Wedge indicatorPrices are above the kana indicator in the daily timeframe. Pay attention to the wedge resistance in the weekly timeframe.
Pull Back FishingThis utility stock with a great yield has had a deep pull back.
Looks like an ugly top and price is well below the neckline.
Possible crab but price went past the 1.618.
No recommendation
