If you want to receive trading signals - like these in real time - register on the platform and buy the Pro version of LargeTrader.

SHORT trading signal Duke Energy Corporation - DUK

U.S. stock price signals and analysis

Good morning Traders,

Today, September 16,  Lift-Off offers a SHORT trading signal on the U.S. stock Duke Energy Corporation (Ticker: DUK) listed on the NYSE and part of the S&P500 index.

The stock touched its all-time high in April 2022,  narrowly exceeding the $116 per share price.

On yesterday's trading day, it closed at $106.28 per share, marking a -2.74 percent, bringing it back to the lower end of the tight congestion that has formed in recent weeks of trading.

The price is currently in the middle of the larger congestion in which the price has been moving April 2021, so the goal of revisiting the lows of the congestion are likely, partly because of the generalized downtrend in the stock market and particularly on this stock there is weakness that has now been moving sideways for over a year.

The company is active in the utility sector particularly in the Power Plant Industry.

The current price is overvalued compared to its intrinsic value, it shows a particularly low Cash-To-Debt figure of 0.01 and the reliability and financial soundness parameters are very low, a negative WACC vs. ROIC value and this makes it a company with very low probability of growth in the future.

Below is the graph of Duke Energy Corporation - DUK- with the signal detected by Lift-Off

Below the chart of Duke Energy Corporation - DUK- where you can see the sideways movement of the stock for over a year

Some information about Duke Energy Corporation

Duke Energy Corp. engages in the distribution of natural gas and energy-related services. 

It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities & Infrastructure, and Commercial Renewables. 

The Electric Utilities and Infrastructure segment deals with electric power distribution in the Carolinas, Florida, and the Midwest. 

The Gas Utilities and Infrastructure segment deals with local natural gas distribution companies in Ohio and Kentucky and on investments in midstream pipelines and natural gas storage. 

The Commercial Renewables segment acquires, develops, builds, operates, and owns wind and solar renewable generation throughout the continental United States. 

The company was founded on April 30, 1904 and is headquartered in Charlotte, NC.

Financial Overview: DUK's current market capitalization is $81,694B USD. The company's TTM EPS is USD 4.95, dividend yield is 3.79% and PE is 21.47. Duke Energy Corporation's (Holding Company) next earnings release date is November 4. The estimate is US$1.87.

Accounts, including revenue, expenses, profit and loss: DUK's total revenue for the latest quarter is US$6.68B, down 6.27% from the previous quarter. Net income in Q2 22 is 907.00M USD.

Overview data and accounts source: Tradingview.com

September 16, 2022

SHORT -  Duke Energy Corporation - DUK

Input price: $106.28 (and any opening price)

Area Stop loss or adjustment (partial stop close): $112.00

Area Take profit 1: $102.00 half position close and stop at 0

Area Take profit 2: $98.00