The Greedy Trader Weekly Analysis
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Archive
- 8/10/2018
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Public Serv. Enterprise Inc.
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Summary:
Weekly :Overbought sector
Daily :Broken trend support lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe Bollinger Bands are historically close together
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It was the negative week for the Public Serv. Enterprise Inc. (PEG). During the week, the PEG gave back -0.11 points, or -0.21%, and closed at 51.32 on Friday, August 10, 2018. Weekly volume was -27% below average.

PEG 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 PEG long-term trend chart]
A long-term uptrend had started on April 10, 2012 at 28.92 and reached 54.50 on June 29, 2018. PEG gained -25.58 points, or -88.45%, in 324 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 43.55 and resistance is at 59.40. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See PEG medium-term trend chart]
A medium-term uptrend had started on November 14, 2016 at 39.28 and reached 54.50 on June 29, 2018. PEG gained -15.22 points, or -38.75%, in 84 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 48.14 and resistance is at 59.68. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

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

The weekly MACD line is below its signal line since July 20, 2018. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See PEG short-term trend chart]
A short-term uptrend had started on March 7, 2018 at 46.19 and reached 54.50 on June 29, 2018. PEG gained -8.31 points, or -17.99%, in 114 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (52.41) is broken. A broken support is considered to be a long-term bearish 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 support in a short-term trend.

Daily Technical Indicators: [See PEG daily technical indicators chart]
Daily technical indicators are neutral.

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 distance between the Bollinger Bands (2.81%) is close to one year low (3.37%). It is 58.43% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 52.51
Williams' Percentage Range (W%R) 23.70
Lane's Stochastic (%D-Slow) 66.63
Greed/Fear Indicator (GFI) 65.15
Moving Average Converg./Diverg. (MACD) -0.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.01
Williams' Percentage Range (W%R) 36.50
Lane's Stochastic (%D-Slow) 37.62
Greed/Fear Indicator (GFI) 51.43
Moving Average Converg./Diverg. (MACD) 0.83
Trading Signals
Description Value Chart
Monthly Trendline Resistance 59.68
Quarterly Trendline Resistance 59.40
Weekly Trendline Resistance 56.63
Weekly Trendline Support 52.41
Upper Bollinger Band 52.34
50 Day Moving Average 52.16
Daily Stochastic Crossing 51.60
Weekly Stochastic Crossing 51.52
20 Day Moving Average 51.45
Price 51.32
Lower Bollinger Band 50.88
Parabolic System 50.05
Monthly Trendline Support 48.14
Quarterly Trendline Support 43.55
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Diversified Utilities 133
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 54.50
High Date 06/29/2018
Low 50.01
Low Date 08/01/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 56.63
Support 52.41
Low 46.19
Low Date 03/07/2018
High 54.50
High Date 06/29/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 59.68
Support 48.14
Low 39.28
Low Date 11/14/2016
High 54.50
High Date 06/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 59.40
Support 43.55
Low 28.92
Low Date 04/10/2012
High 54.50
High Date 06/29/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.09
Low Date 10/10/2008
High 54.50
High Date 06/29/2018
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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