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- 5/15/2020 -
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Public Serv. Enterprise Inc. (PEG)

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Summary:
Weekly :Trend support at 44.74Price is near the Fibonacci 38.2% retracement level
Daily :Price has crossed below the 50 Day Moving AverageLane's Stochastic is oversoldLane's Stochastic bullish divergence
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It was the negative week for the Public Serv. Enterprise Inc. (PEG). During the week, the PEG dropped -3.31 points, or -6.79%, and closed at 45.46 on Friday, May 15, 2020. It was the worst weekly loss since March 20, 2020. Weekly volume was -8% below average.

Long-term trend: [See PEG long-term trend chart]
A long-term uptrend had started on October 10, 2008 at 22.09 and reached 63.88 on October 11, 2019. PEG gained -41.79 points, or -189.18%, in 574 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (44.74) 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 PEG medium-term trend chart]
A medium-term downtrend had started on October 11, 2019 at 63.88 and reached 34.75 on March 23, 2020. PEG lost 29.13 points, or 45.60%, in 23 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See PEG weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since November 8, 2019. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See PEG short-term trend chart]
A short-term downtrend had started on April 17, 2020 at 54.87 and reached 43.87 on May 14, 2020. PEG lost 11.00 points, or 20.05%, in 27 days. The price is now at the 14.45% retracement level.

Daily Technical Indicators: [See PEG daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 Lane's Stochastic help.

The daily MACD line is below its signal line since April 30, 2020. 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. Such crossover is considered a bearish signal. 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) 26.49
Williams' Percentage Range (W%R) 75.40
Lane's Stochastic (%D-Slow) 19.11
Oversold Bullish
Greed/Fear Indicator (GFI) 23.40
Moving Average Converg./Diverg. (MACD) -0.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.35
Williams' Percentage Range (W%R) 57.60
Lane's Stochastic (%D-Slow) 66.34
Greed/Fear Indicator (GFI) 50.58
Moving Average Converg./Diverg. (MACD) -2.70
Trading Signals
Description Value Chart
Upper Bollinger Band 52.71
20 Day Moving Average 49.33
Weekly Stochastic Crossing 47.86
50 Day Moving Average 47.44
Parabolic System 46.99
Price 45.46
Daily Stochastic Crossing 45.05
Yearly Trendline Support 44.74
Lower Bollinger Band 44.06
Sector and Industry
Description Name Rank
Sector Utilities 7
Industry Electric Utilities 64
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 49.00
High Date 05/08/2020
Low 43.87
Low Date 05/14/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 54.87
High Date 04/17/2020
Low 43.87
Low Date 05/14/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 34.75
Low Date 03/23/2020
High 54.87
High Date 04/17/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 63.88
High Date 10/11/2019
Low 34.75
Low Date 03/23/2020
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 65.97
Support 44.74
Low 22.09
Low Date 10/10/2008
High 63.88
High Date 10/11/2019
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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