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|It was a first positive week for the PG&E Corp. (PCG). During the week, the PCG gained 1.94 points, or 4.22%, and closed at 47.95 on Friday, October 05, 2018. It was the best weekly gain since August 31, 2018. Weekly volume was -16% below average. |
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 (38.71) 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 48.69 on September 4, 2018. PCG gained -10.68 points, or -28.10%, in 12 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 45.01 and resistance is at 49.93. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.
Weekly Technical Indicators: [See PCG weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Williams' Percentage Range help.
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 September 4, 2018 at 48.69 and reached 44.89 on September 27, 2018. PCG lost 3.80 points, or 7.80%, in 23 days. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (48.27). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a short-term trend.
Daily Technical Indicators: [See PCG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.
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 risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 5.84% on Friday. It is 57.50% 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.