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- 2/9/2018
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PG&E Corp.
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Summary:
Weekly :Oversold sectorOversold industryLane's Stochastic oversoldRelative Strength Index and Williams' Percentage Range are strongly oversoldBroken trend support line
Daily :Daily  MACD line has moved below its signal lineRelative Strength Index and Williams' Percentage Range oversoldLane's Stochastic is strongly oversoldStochastic has raised above the signal lineBullish Harami CandlestickThe period of high volatility of the stock price
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It was the negative week for the PG&E Corp. (PCG). During the week, the PCG dropped -2.87 points, or -6.93%, and closed at 38.57 on Friday, February 09, 2018. It was the worst weekly loss since December 22, 2017. Weekly volume was 67% above average.

PCG is a member of Utilities Sector. Utilities is the most oversold sector. PCG is a member of Diversified Utilities Industry. Diversified Utilities is the sixth most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See PCG long-term trend chart]
A long-term uptrend had started on November 23, 2011 at 36.84 and reached 71.57 on September 11, 2017. PCG gained -34.73 points, or -94.27%, in 302 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (44.47) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. PCG may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See PCG medium-term trend chart]
A medium-term downtrend had started on September 11, 2017 at 71.57 and reached 37.30 on February 9, 2018. PCG lost 34.27 points, or 47.88%, in 21 weeks. Price is near the trend low.

Weekly Technical Indicators: [See PCG weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Relative Strength Index and Williams' Percentage Range are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Relative Strength Index and Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since September 22, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See PCG short-term trend chart]
A short-term downtrend had started on February 1, 2018 at 47.00 and reached 37.30 on February 9, 2018. PCG lost 9.70 points, or 20.64%, in 8 days. The price is now at the 13.09% retracement level.

Daily Technical Indicators: [See PCG daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Williams' Percentage Range or strongly oversold daily Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

The distance between the Bollinger Bands is 108.37% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Candlestick pattern: [See PCG candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 13.27
Oversold
Williams' Percentage Range (W%R) 88.10
Oversold
Lane's Stochastic (%D-Slow) 8.35
Strong Oversold
Greed/Fear Indicator (GFI) 11.16
Oversold
Moving Average Converg./Diverg. (MACD) -1.81
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 5.43
Strong Oversold
Williams' Percentage Range (W%R) 96.50
Strong Oversold
Lane's Stochastic (%D-Slow) 12.02
Oversold
Greed/Fear Indicator (GFI) 12.62
Oversold
Moving Average Converg./Diverg. (MACD) -4.84 Bullish
Trading Signals
Description Value Chart
50 Day Moving Average 46.43
Upper Bollinger Band 46.10
Yearly Trendline Support 44.47
20 Day Moving Average 42.36
Parabolic System 41.44
Weekly Stochastic Crossing 39.01
Price 38.57
Daily Stochastic Crossing 38.31
Lower Bollinger Band 38.21
Sector and Industry
Description Name Rank
Sector Utilities 1
Industry Diversified Utilities 6
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 47.00
High Date 02/01/2018
Low 37.30
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.00
High Date 02/01/2018
Low 37.30
Low Date 02/09/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 55.35
High Date 11/28/2017
Low 37.30
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 71.57
High Date 09/11/2017
Low 37.30
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 73.77
Support 44.47
Low 36.84
Low Date 11/23/2011
High 71.57
High Date 09/11/2017
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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