The Greedy Trader Weekly Analysis
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Archive
- 8/9/2019 -
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PG&E Corp. (PCG)

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :The price has fallen below the Parabolic SARDaily  MACD line has moved above its signal lineThe period of low 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 -0.48 points, or -2.58%, and closed at 18.12 on Friday, August 9, 2019. Weekly volume was -57% below 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 5.07 on January 15, 2019. PCG lost 66.50 points, or 92.92%, in 70 weeks. The price is now at the 19.62% retracement level.

Medium-term trend: [See PCG medium-term trend chart]
A medium-term downtrend had started on June 21, 2019 at 25.19 and reached 16.86 on July 18, 2019. PCG lost 8.33 points, or 33.07%, in 3 weeks. The chart has formed a Ascending Triangle chart pattern. The downtrend resistance line (17.34) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See PCG weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since March 1, 2019. The distance between MACD and the signal line is low and getting smaller. 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 July 24, 2019 at 20.16 and reached 17.30 on August 8, 2019. PCG lost 2.86 points, or 14.19%, in 15 days. The price is now at the 28.67% retracement level.

Daily Technical Indicators: [See PCG daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish 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 falling, and it was 7.73% on Friday. It is 84.17% lower than one year average. It indicates the period of low 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.41
Williams' Percentage Range (W%R) 47.30
Lane's Stochastic (%D-Slow) 35.61
Greed/Fear Indicator (GFI) 47.58
Moving Average Converg./Diverg. (MACD) -0.55
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.12
Williams' Percentage Range (W%R) 67.90
Lane's Stochastic (%D-Slow) 27.08
Greed/Fear Indicator (GFI) 36.41
Moving Average Converg./Diverg. (MACD) -1.94
Trading Signals
Description Value Chart
Parabolic System 19.87
50 Day Moving Average 19.73
Upper Bollinger Band 19.38
Weekly Stochastic Crossing 18.58
20 Day Moving Average 18.25
Price 18.12
Daily Stochastic Crossing 18.10
Lower Bollinger Band 18.00
Monthly Trendline Resistance 17.41
Monthly Trendline Support 17.34
Sector and Industry
Description Name Rank
Sector Utilities 9
Industry Diversified Utilities 86
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 17.30
Low Date 08/08/2019
High 18.77
High Date 08/09/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 20.16
High Date 07/24/2019
Low 17.30
Low Date 08/08/2019
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 17.41
Support 17.34
High 25.19
High Date 06/21/2019
Low 16.86
Low Date 07/18/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 5.07
Low Date 01/15/2019
High 25.19
High Date 06/21/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 71.57
High Date 09/11/2017
Low 5.07
Low Date 01/15/2019
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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