The Greedy Trader Weekly Analysis
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- 10/5/2018
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PG&E Corp.
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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance line
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger BandTrend resistance at 48.27The 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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.35
Williams' Percentage Range (W%R) 33.70
Lane's Stochastic (%D-Slow) 66.46
Greed/Fear Indicator (GFI) 63.70
Moving Average Converg./Diverg. (MACD) 0.42
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.37
Williams' Percentage Range (W%R) 14.00
Overbought
Lane's Stochastic (%D-Slow) 71.77
Greed/Fear Indicator (GFI) 71.31
Moving Average Converg./Diverg. (MACD) -0.72
Trading Signals
Description Value Chart
Monthly Trendline Resistance 49.93
Weekly Trendline Resistance 48.27
Price 47.95
Upper Bollinger Band 47.79
Daily Stochastic Crossing 47.41
Weekly Stochastic Crossing 46.90
20 Day Moving Average 46.52
Parabolic System 45.26
50 Day Moving Average 45.23
Monthly Trendline Support 45.01
Lower Bollinger Band 45.01
Weekly Trendline Support 44.66
Yearly Trendline Support 38.71
Sector and Industry
Description Name Rank
Sector Utilities 6
Industry Diversified Utilities 95
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 44.89
Low Date 09/27/2018
High 48.21
High Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 48.27
Support 44.66
High 48.69
High Date 09/04/2018
Low 44.89
Low Date 09/27/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 49.93
Support 45.01
Low 38.01
Low Date 06/11/2018
High 48.69
High Date 09/04/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.30
Low Date 02/09/2018
High 48.90
High Date 04/24/2018
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 32.08
Support 38.71
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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