Analysis Summary for Duke Energy Corp (DUK)
Date of Analysis: May 9th, 2024
Time Target: A 5-year up composite cycle arrives on October 21st, 2024.
Price Target: $120 (+/- $5)
Projected Move: The time cycle decomposition of DUK shows that there is going to be a top to bottom fast move approximately from late October to late December of 2024 or early 2025.
Deep analysis of DUK suggests the following:
- DUK reaches approximately $120 (+/- $5) by October 21st (+/- associated variance).
- It starts to sell off fast to the end of 2024 or the beginning of 2025.
- The potential downside target stands at the level of $78 (+/- $3). Lower bottom is also possible depending on the exact value of the time variable.
In summary: DUK increases till $120 by late October and starts to sell off approximately to $78 within 3-4 months.
