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Archive
- 8/3/2018
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PG&E Corp.
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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is close to the moving average in the center of the Bollinger Bands
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It was the negative week for the PG&E Corp. (PCG). During the week, the PCG dropped -0.52 points, or -1.20%, and closed at 42.96 on Friday, August 03, 2018. Weekly volume was -28% 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 37.30 on February 9, 2018. PCG lost 34.27 points, or 47.88%, in 21 weeks. The chart has formed a Ascending Triangle chart pattern. The downtrend resistance line (38.34) 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 long-term trend.

Medium-term trend: [See PCG medium-term trend chart]
A medium-term uptrend had started on June 11, 2018 at 38.01 and reached 46.48 on July 6, 2018. PCG gained -8.47 points, or -22.28%, in 3 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 41.25 and resistance is at 44.64. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern 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 9, 2018. This is an indication that the medium-term trend is up. 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 6, 2018 at 46.48 and reached 40.57 on July 24, 2018. PCG lost 5.91 points, or 12.72%, in 18 days. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 41.70 and resistance is at 44.64. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a short-term trend.

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

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 price is close to the moving average in the center of the Bollinger Bands. 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) 49.51
Williams' Percentage Range (W%R) 63.20
Lane's Stochastic (%D-Slow) 48.61
Greed/Fear Indicator (GFI) 44.99
Moving Average Converg./Diverg. (MACD) 0.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.62
Williams' Percentage Range (W%R) 60.40
Lane's Stochastic (%D-Slow) 60.72
Greed/Fear Indicator (GFI) 50.29
Moving Average Converg./Diverg. (MACD) -2.31
Trading Signals
Description Value Chart
Parabolic System 45.08
Upper Bollinger Band 44.64
Monthly Trendline Resistance 44.64
Weekly Trendline Resistance 44.64
Daily Stochastic Crossing 43.17
Weekly Stochastic Crossing 43.01
20 Day Moving Average 43.01
Price 42.96
50 Day Moving Average 42.38
Weekly Trendline Support 41.70
Monthly Trendline Support 41.25
Lower Bollinger Band 41.06
Yearly Trendline Resistance 38.52
Yearly Trendline Support 38.34
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Diversified Utilities 131
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 45.19
High Date 07/26/2018
Low 41.42
Low Date 08/01/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 44.64
Support 41.70
High 46.48
High Date 07/06/2018
Low 40.57
Low Date 07/24/2018
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 44.64
Support 41.25
Low 38.01
Low Date 06/11/2018
High 46.48
High Date 07/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 48.90
High Date 04/24/2018
Low 38.01
Low Date 06/11/2018
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 38.52
Support 38.34
High 71.57
High Date 09/11/2017
Low 37.30
Low Date 02/09/2018
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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