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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.