DUK Price Prediction Next Week
Technical Analysis: Based on the technical indicators, DUK is currently trading at $110.76 with RSI at 53.98, indicating a neutral momentum. The stock is trading below its 60-day SMA of $110.96, suggesting slight bearish pressure in the medium term.
The Fibonacci levels show key support at $105.91 and resistance at $110.61, with the pivot point at $108.26. The stock needs to break above $110.61 to establish a bullish trend.
News Impact: Recent events affecting DUK include:
- A severe winter storm hitting Southern U.S., increasing power demands and operational challenges
- Notable ETF outflows detected for DUK, indicating some institutional selling pressure
- Upcoming Q4 earnings announcement on February 13, 2024, with analysts expecting EPS of $1.62, up 7.3% YoY
Price Prediction for Next Week: Based on technical and news analysis:
- Bullish case ($112-113): If DUK successfully manages winter storm challenges and shows strong operational performance
- Bearish case ($108-109): If ETF outflows continue or winter storm causes operational disruptions
- Most likely scenario: $110-111 range, as the stock consolidates ahead of earnings
The stock is likely to remain range-bound between $109-111 next week, with a slight bullish bias due to increased power demand from winter weather. However, institutional selling pressure could limit upside potential.
Trading Recommendation: HOLD
- Current price levels don't present a compelling entry point
- Wait for either a pullback to $108 support level for buying or a clear break above $111 resistance with volume confirmation
- Key risk factors include earnings announcement and winter storm impact on operations
DUK Similar Chart Price Prediction
The price of DUK is predicted to go up -4.37%, based on the high correlation periods with VRA. The similarity of these two price pattern on the periods is 91.17%.
DUK
VRA
Down: -4.37%Similarity: 91.17%
DUK Revenue Forecast
DUK EPS Forecast
DUK FAQs
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DUK VS S&P500
Duke's regulated utilities provide a stable source of earnings. The company's large capital expenditure plan should drive rate base and earnings growth for the next several years. We think Duke can achieve the high end of management's 5%-7% earnings growth target.
The company operates in constructive regulatory jurisdictions, which supports capital investment growth.
Duke's management team has focused on core regulated operations and moaty growth investments.
DUK Analyst's Forecast
Stephen Byrd
Morgan Stanley
Hold
Price Target
$122 → $118
Upside
+2.88%
Morgan Stanley analyst David Arcaro lowered the firm's price target on Duke Energy to $118 from $122 and keeps an Equal Weight rating on the shares. Utilities underperformed the S&P's -0.91% return in October, leading the firm to adjust the price targets of several stocks in its North America Regulated & Diversified Utilities / IPPs coverage, the analyst tells investors. From recent meetings at the EEI Financial Conference, the firm came away incrementally negative on California, given its increased regulatory and political risk as well as its relatively limited data center growth.
Sophie Karp
Keybanc
Buy → Hold
Price Target
n/a
Upside
0%
Anthony Crowdell
Mizuho
Hold → Buy
Price Target
$116 → $121
Upside
+3.29%