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Duke Energy Corporation, along with its subsidiaries, is an energy provider in the U.S. It has two main segments: Electric Utilities and Infrastructure (EU&I) and Gas Utilities and Infrastructure (GU&I). The EU&I segment produces, transmits, and sells electricity in the Carolinas, Florida, and the Midwest, using sources like coal, hydro, natural gas, oil, solar, wind, and nuclear. It also sells electricity wholesale to municipalities and cooperatives. The GU&I segment supplies natural gas to various customers and invests in pipeline and renewable gas projects. Originally named Duke Energy Holding Corp., it became Duke Energy Corporation in April 2006. Founded in 1904, its headquarters is in Charlotte, North Carolina.
DUK —  NYSE —
Current RSI of this stock is 69.21, which indicates the strength of buyers.
Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.
The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
Based on our swing trading picks for NYSE stocks, Duke Energy Corporation stock price target will be USD 120 - USD 121 in the next 12-14 trading sessions.
Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.
Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.
Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.
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