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Is Duke Energy’s Stock Set to Rise More?

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Technical indicators

Currently, Duke Energy (DUK) is trading at a 4% and 10% premium to its 50-day and 200-day moving averages, respectively. The fair premium to both its slower and faster moving averages indicate possible strength in the stock. On the other hand, Duke’s stock crossing below these moving averages might be a sign of a possible trend reversal.

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Currently, its RSI (relative strength index) is at 64. This indicates that it’s reaching towards an “overbought” zone. The RSI is a momentum indicator made up of values between zero and 100. Movements below 30 are considered to be in the “oversold” zone, while movements above 70 are considered to be in the “overbought” zone.

Let’s discuss utilities’ (XLU) (IDU) valuations in the next part of this series.

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