DTE Price Prediction Next Week
Technical Analysis Based on recent price action, DTE Energy shows strong bullish momentum with RSI(14) at 70.31 indicating overbought conditions. The stock is trading above all major moving averages (5,10,20,60,200-day SMAs), suggesting a robust uptrend.
Price Target Analysis
- Current Price: $131.61
- Fibonacci Resistance Levels:
- R1: $128.70
- R2: $131.54 (Key resistance)
- R3: $136.13 (Extended target)
Recent Developments
- Guggenheim raised price target to $139 from $135, maintaining Buy rating after strong Q4 earnings despite adverse weather conditions
- The company declared a quarterly dividend of $1.09 per share, payable April 15, 2025
Next Week's Price Projection Based on technical indicators and recent momentum:
- Bullish Scenario (70% probability): $133-135 range
- Base Case (20% probability): $130-132 range
- Bearish Scenario (10% probability): $128-130 range
Trading Recommendation BUY with entry at current levels ($131.61) with following parameters:
- Target: $135.00 (2.6% upside)
- Stop Loss: $128.70 (2.2% downside)
- Risk/Reward Ratio: 1.18
Rationale:
- Strong institutional support with recent analyst upgrade
- Trading above all major moving averages
- Positive momentum indicated by RSI and MACD
- Bollinger Band Position (0.89) suggests room for upward movement
DTE Similar Chart Price Prediction
The price of DTE is predicted to go up 1.76%, based on the high correlation periods with DAR. The similarity of these two price pattern on the periods is 93.52%.
DTE
DAR
Up: 1.76%Similarity: 93.52%
DTE Revenue Forecast
DTE EPS Forecast
DTE FAQs
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DTE VS S&P500
Shareholders received a 7% annual dividend increase for 2024. We expect similar dividend growth for the foreseeable future.
Michigan's aging utility infrastructure needs investment, which means ample growth opportunities for DTE's gas and electric utilities.
Over the past 10 years, Michigan regulation has been constructive for shareholders and we expect it to remain favorable.
DTE Analyst's Forecast
Neil Kalton
Wells Fargo
Buy
2024-10-25
Price Target
$133 → $145
Upside
+14.58%
Wells Fargo analyst Neil Kalton raised the firm's price target on DTE Energy to $145 from $133 and keeps an Overweight rating on the shares. DTE's execution appears to be back on track, and Wells Fargo doesn't expect any changes to its 6%-8% long-term EPS compound annual growth target, the analyst tells investors in a research note. A "constructive" resolution of electric and gas general rate cases is expected in the months ahead, the firm says.
Sophie Karp
Keybanc
Buy
2024-10-22
Price Target
$136 → $138
Upside
+7.62%
Julien Dumoulin-Smith
Jefferies
Hold
2024-10-21
Price Target
$137
Upside
+7.17%
