The Greedy Trader Weekly Analysis
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Archive
- 10/5/2018
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Public Serv. Enterprise Inc.
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Summary:
Weekly :
Daily :Daily  MACD line has moved above its signal linePrice is close to the 50 Day Moving Average
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It was the negative week for the Public Serv. Enterprise Inc. (PEG). During the week, the PEG gave back -0.08 points, or -0.15%, and closed at 52.71 on Friday, October 05, 2018. Weekly volume was 12% above average.

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 43.94 and resistance is at 60.05. 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 48.96 and resistance is at 61.12. 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 and getting smaller. 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 August 1, 2018 at 50.01 and reached 54.35 on August 17, 2018. PEG gained -4.34 points, or -8.68%, in 16 days. The chart has formed a Rising Pennant chart pattern.

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.

Price is close to the 50 Day Moving Average. 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) 44.74
Williams' Percentage Range (W%R) 45.10
Lane's Stochastic (%D-Slow) 68.73
Greed/Fear Indicator (GFI) 56.11
Moving Average Converg./Diverg. (MACD) -0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.62
Williams' Percentage Range (W%R) 40.70
Lane's Stochastic (%D-Slow) 57.37
Greed/Fear Indicator (GFI) 55.81
Moving Average Converg./Diverg. (MACD) 0.69
Trading Signals
Description Value Chart
Monthly Trendline Resistance 61.12
Quarterly Trendline Resistance 60.05
Upper Bollinger Band 53.94
Weekly Stochastic Crossing 52.73
Price 52.71
Daily Stochastic Crossing 52.54
20 Day Moving Average 52.47
50 Day Moving Average 52.29
Parabolic System 51.04
Lower Bollinger Band 50.82
Monthly Trendline Support 48.96
Quarterly Trendline Support 43.94
Sector and Industry
Description Name Rank
Sector Utilities 6
Industry Diversified Utilities 95
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Low 50.01
Low Date 08/01/2018
High 54.35
High Date 08/17/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 61.12
Support 48.96
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 60.05
Support 43.94
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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