The Greedy Trader Weekly Analysis
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Archive
- 5/11/2018
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PG&E Corp.
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Summary:
Weekly :Overbought sectorTrend support at 44.78Broken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldPrice has crossed below the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the PG&E Corp. (PCG). During the week, the PCG dropped -1.56 points, or -3.48%, and closed at 43.32 on Friday, May 11, 2018. Weekly volume was -17% 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 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 price is near the trend support (44.78) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See PCG medium-term trend chart]
A medium-term uptrend had started on February 9, 2018 at 37.30 and reached 48.90 on April 24, 2018. PCG gained -11.60 points, or -31.10%, in 10 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (49.32) 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 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 April 24, 2018 at 48.90 and reached 42.30 on May 8, 2018. PCG lost 6.60 points, or 13.50%, in 14 days. The price is now at the 15.45% retracement level.

Daily Technical Indicators: [See PCG daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. 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 and Williams' Percentage Range help.

The daily MACD line is below its signal line since April 27, 2018. This is an indication that the short-term trend is down.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.82
Williams' Percentage Range (W%R) 82.60
Oversold
Lane's Stochastic (%D-Slow) 17.71
Oversold
Greed/Fear Indicator (GFI) 23.32
Moving Average Converg./Diverg. (MACD) 0.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.93
Williams' Percentage Range (W%R) 61.30
Lane's Stochastic (%D-Slow) 68.39
Greed/Fear Indicator (GFI) 54.34
Moving Average Converg./Diverg. (MACD) -4.09
Trading Signals
Description Value Chart
Monthly Trendline Resistance 50.39
Monthly Trendline Support 49.32
Upper Bollinger Band 47.22
Parabolic System 46.78
Weekly Stochastic Crossing 46.48
20 Day Moving Average 45.32
Yearly Trendline Support 44.78
50 Day Moving Average 44.22
Price 43.32
Daily Stochastic Crossing 42.97
Lower Bollinger Band 41.93
Sector and Industry
Description Name Rank
Sector Utilities 9
Industry Diversified Utilities 120
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 48.90
High Date 04/24/2018
Low 42.30
Low Date 05/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 48.90
High Date 04/24/2018
Low 42.30
Low Date 05/08/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 50.39
Support 49.32
Low 37.30
Low Date 02/09/2018
High 48.90
High Date 04/24/2018
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 Test Support
Resistance 75.09
Support 44.78
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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