The Greedy Trader Weekly Analysis
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Archive
- 6/7/2019
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PG&E Corp.
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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Williams' Percentage Range is strongly overboughtPrice has crossed above the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was a first positive week for the PG&E Corp. (PCG). During the week, the PCG gained 3.36 points, or 19.65%, and closed at 20.46 on Friday, June 7, 2019. It was the best weekly gain since April 12, 2019. Weekly volume was -31% 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 chart has formed a Broadening Descending Wedge chart pattern. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See PCG medium-term trend chart]
A medium-term downtrend had started on April 15, 2019 at 24.90 and reached 16.27 on May 30, 2019. PCG lost 8.63 points, or 34.66%, in 6 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (16.08) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. PCG may retest the broken resistance line. It is considered to be a support 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 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. Use the following link to access a MACD help.

Short-term trend: [See PCG short-term trend chart]
A short-term uptrend had started on May 30, 2019 at 16.27 and reached 21.27 on June 5, 2019. PCG gained -5.00 points, or -30.73%, in 6 days. The price is now at the 16.2% retracement level.

Daily Technical Indicators: [See PCG daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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.

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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 21.51% on Friday. It is 52.62% 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.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance 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) 67.99
Williams' Percentage Range (W%R) 8.80
Strong Overbought
Lane's Stochastic (%D-Slow) 79.79
Greed/Fear Indicator (GFI) 79.66
Moving Average Converg./Diverg. (MACD) -0.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.78
Williams' Percentage Range (W%R) 20.50
Lane's Stochastic (%D-Slow) 35.63
Greed/Fear Indicator (GFI) 55.51
Moving Average Converg./Diverg. (MACD) -3.72
Trading Signals
Description Value Chart
Upper Bollinger Band 21.36
Daily Stochastic Crossing 20.59
Price 20.46
50 Day Moving Average 19.80
Weekly Stochastic Crossing 18.92
20 Day Moving Average 18.50
Monthly Trendline Resistance 17.21
Lower Bollinger Band 16.96
Parabolic System 16.83
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Diversified Utilities 128
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 16.27
Low Date 05/30/2019
High 21.27
High Date 06/05/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 16.27
Low Date 05/30/2019
High 21.27
High Date 06/05/2019
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 17.21
Support 16.08
High 24.90
High Date 04/15/2019
Low 16.27
Low Date 05/30/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 5.07
Low Date 01/15/2019
High 24.90
High Date 04/15/2019
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
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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