(DTE) Investment analysis

November 20, 2024, 9:44 AM ET, BY David D. – Contributor| Editor: Thomas H. Kee Jr. (Follow along on LinkedIn)

Long-term trading plans for DTE

• Buy DTE close to 118.87 target 124.9 stop loss @ 118.53 Details

The technical summary data tells us to buy DTE near 118.87 with an upside target of 124.9. This data also tells us to set a stop loss @ 118.53 to protect against excessive losses if the stock starts to move against the trade. 118.87 is the first level of support below 121.51 and usually any test of support is a buy signal. In this case support 118.87 would be tested so a buy signal would exist.

• Short DTE just below 124.9, target 118.87, stop loss @ 125.26 Details

The technical summary data suggests a shortfall for DTE as it nears 124.9 with a downside target of 118.87. However, we should have a stop loss in place at 125.26. 124.9 is the first resistance level above 121.51 and usually any resistance test is a short signal. In this case, if resistance 124.9 is tested, a short signal will exist.

Swing Trading Plans for DTE

• Buy DTE just above 124.9, target 130.78, Stop Loss @ 124.54 Details

If 124.9 starts to break higher, the technical summary data tells us to buy DTE just above 124.9 with an upside target of 130.78. The data also tells us to set a stop loss @ 124.54 in case the stock reverses the trade. 124.9 is the first level of resistance above 121.51 and usually any break above resistance is a buy signal. In this case, 124.9, initial resistance, would break higher, so a buy signal would exist. Because this plan is based on a resistance breakout, it is referred to as a long resistance plan.

• Short DTE a bit close to 124.9, target 121.06, Stop Loss @ 125.26. Details

The technical summary data suggests that the DTE is missing if it tests 124.9 with a downside target of 121.06. We should have a stop loss in place at 125.26 however in case the stock starts moving towards the trade. As a rule, any resistance test is a short signal. In this case, if resistance, 124.9, is tested, a short signal will exist. Because this plan is a short plan based on a resistance test, it is referred to as a short resistance plan.

Day trading plans for DTE

• Buy DTE just above 121.64, target 124.9, Stop Loss @ 121.36 Details

If 121.64 starts to break higher, the technical summary data tells us to buy DTE just above 121.64 with an upside target of 124.9. The data also tells us to set a stop loss @ 121.36 in case the stock reverses the trade. 121.64 is the first level of resistance above 121.51 and usually any break above resistance is a buy signal. In this case, 121.64, initial resistance, would break higher, so a buy signal would exist. Because this plan is based on a resistance breakout, it is referred to as a long resistance plan.

• Short DTE a bit close to 121.64, target 121.06, Stop Loss @ 121.92. Details

The technical summary data suggests that the DTE is missing if it tests 121.64 with a downside target of 121.06. We should have a stop loss in place at 121.92 however in case the stock starts to move towards the trade. As a rule, any resistance test is a short signal. In this case, if resistance, 121.64, is tested, a short signal will exist. Because this plan is a short plan based on a resistance test, it is referred to as a short resistance plan.

Check the time stamp on this data. Updated AI generated signals to Dte Energy Company (DTE) available here: DTE.

DTE ratings for November 20:

Term →	Near	Middle	Long
Assessment	Neutral	Weak	Strong
P1	0	0	118.87
P2	120.49	117.91	124.9
P3	121.64	121.06	130.78

AI generated signals for DTE

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Warning:

This is a static report, the data below was valid at the time of publication, but support and resistance levels for DTE change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

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Instructions:

The rules governing the data in this report are the rules for Technical Analysis. For example, if the DTE is testing support, buy signals appear and resistance is the target. Conversely, if resistance is tested, it is a sign to check risk or short, and support would be downside targets accordingly. In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel) and also act as a level of risk control.

Swing trades, day trades and long-term trading plans:

This data is refined to distinguish between trading plans for Day Trading, Swing Trading and long-term investment plans for DTE. All of these are offered below the summary table.