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Where Could Duke Energy Stock Move in the Near Future?

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Chart indicators

Duke Energy (DUK) is currently trading at a 1% premium and a 2% discount to its 50-day and 200-day moving averages (or DMA), respectively. In the short term, its 50-DMA, or $76.70, level may act as a support while its 200-DMA, which is $79.55, is likely to act as a resistance.

Moving averages show that when a stock price rises above or falls below a particular moving average, it’s a bullish or bearish sign, respectively.

DUk dma

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Relative strength index

Currently, Duke Energy’s RSI (relative strength index) stands at 58. RSI is a momentum indicator comprised of values between 0 and 100. Movements below 30 are in the “oversold” zone, while movements above 70 are in the “overbought” zone. Extreme RSI levels could indicate an imminent reversal.

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