Since crude oil prices have surged more than 25% since the beginning of the year, optimistic investors are betting a barrel of oil could cross the $100/barrel mark by year-end.
Impending U.S. sanctions against Iran, coupled with bottlenecks in the U.S. shale industry and the anticipated collapse of Venezuela's economy, have many energy market analysts contemplating an abrupt supply shock -- which in turn could push oil prices higher.
There are several investment implications of higher oil, which could affect everything from consumer spending to Emerging Markets (which rely heavily on imports). The International Monetary Fund believes the global economy could feel the impact as well, as they downgraded the global economic forecast for 2018 and 2019 by 0.2% points as a result of higher prices.
But perhaps the most relevant sector to watch will be drilling, exploration, and production in the oil and gas sector. Check out some of the related portfolios below for trade ideas.
DUK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 39 cases where DUK's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on April 19, 2024. You may want to consider a long position or call options on DUK as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for DUK just turned positive on April 19, 2024. Looking at past instances where DUK's MACD turned positive, the stock continued to rise in of 40 cases over the following month. The odds of a continued upward trend are .
DUK moved above its 50-day moving average on April 17, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DUK advanced for three days, in of 344 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 303 cases where DUK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DUK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 71, placing this stock slightly better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.572) is normal, around the industry mean (1.706). P/E Ratio (17.957) is within average values for comparable stocks, (23.333). Projected Growth (PEG Ratio) (2.440) is also within normal values, averaging (2.620). Dividend Yield (0.043) settles around the average of (0.074) among similar stocks. P/S Ratio (2.549) is also within normal values, averaging (3.505).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. DUK’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a company which engages in electric power and gas distribution operations and other energy services
Industry ElectricUtilities