The Greedy Trader Weekly Analysis
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Archive
- 1/11/2019
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PG&E Corp.
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Summary:
Weekly :Overbought sectorBroken trend support line - Downtrend exhaustionRelative Strength Index and Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldRelative Strength Index bullish divergence
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversoldLane's Stochastic bullish divergenceBullish Meeting Lines 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 -6.81 points, or -27.91%, and closed at 17.59 on Friday, January 11, 2019. It was the worst weekly loss since November 16, 2018. Weekly volume was 292% above average.

PCG is a member of Utilities Sector. Utilities is the most overbought sector. 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 downtrend had started on September 11, 2017 at 71.57 and reached 15.78 on January 8, 2019. PCG lost 55.79 points, or 77.95%, in 69 weeks. Price is near the trend low.

Medium-term trend: [See PCG medium-term trend chart]
A medium-term downtrend had started on November 29, 2018 at 27.60 and reached 15.78 on January 8, 2019. PCG lost 11.82 points, or 42.83%, in 5 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend support line (19.04) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 medium-term trend.

Weekly Technical Indicators: [See PCG weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Weekly Relative Strength Index has bullish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 November 9, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its 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 January 4, 2019 at 24.83 and reached 15.78 on January 8, 2019. PCG lost 9.05 points, or 36.45%, in 4 days. The price is now at the 20% retracement level.

Daily Technical Indicators: [See PCG daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence.

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

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The distance between the Bollinger Bands is 176.62% 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 Meeting Lines Candlestick pattern. This pattern appears during a decline, and it is a sign that a potential bullish reversal is in play. The reliability of the Bullish Meeting Lines Candlestick pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Meeting Lines Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 19.85
Oversold
Williams' Percentage Range (W%R) 89.50
Oversold
Lane's Stochastic (%D-Slow) 19.72
Oversold Bullish
Greed/Fear Indicator (GFI) 16.69
Oversold
Moving Average Converg./Diverg. (MACD) -2.47
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 15.99
Oversold Bullish
Williams' Percentage Range (W%R) 96.40
Strong Oversold
Lane's Stochastic (%D-Slow) 19.17
Oversold
Greed/Fear Indicator (GFI) 17.15
Oversold
Moving Average Converg./Diverg. (MACD) -3.91
Trading Signals
Description Value Chart
50 Day Moving Average 28.34
Upper Bollinger Band 27.92
Parabolic System 25.84
20 Day Moving Average 22.49
Monthly Trendline Support 19.04
Weekly Stochastic Crossing 18.78
Daily Stochastic Crossing 17.68
Price 17.59
Lower Bollinger Band 16.80
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Diversified Utilities 129
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 24.83
High Date 01/04/2019
Low 15.78
Low Date 01/08/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 24.83
High Date 01/04/2019
Low 15.78
Low Date 01/08/2019
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Support
Resistance 24.23
Support 19.04
High 27.60
High Date 11/29/2018
Low 15.78
Low Date 01/08/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 49.42
High Date 11/07/2018
Low 15.78
Low Date 01/08/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 71.57
High Date 09/11/2017
Low 15.78
Low Date 01/08/2019
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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