The Greedy Trader Weekly Analysis
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Archive
- 5/10/2019
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Public Serv. Enterprise Inc.
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Summary:
Weekly :Broken trend resistance line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageBullish Three Inside Up Candlestick
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It was a third consecutive positive week for the Public Serv. Enterprise Inc. (PEG). During the week, the PEG climbed 0.07 points, or 0.12%, and closed at 59.31 on Friday, May 10, 2019. Weekly volume was -36% 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 60.36 on April 10, 2019. PEG gained -38.27 points, or -173.25%, in 547 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (43.98) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 PEG medium-term trend chart]
A medium-term uptrend had started on April 10, 2012 at 28.92 and reached 60.36 on April 10, 2019. PEG gained -31.44 points, or -108.71%, in 365 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 45.40 and resistance is at 62.53. 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 medium-term trend.

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

The weekly MACD line is above its signal line since February 8, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 December 26, 2018 at 49.23 and reached 60.36 on April 10, 2019. PEG gained -11.13 points, or -22.61%, in 105 days. The chart has formed a Broadening Symmetric Wedge chart pattern. The trend support level is at 57.42 and resistance is at 60.93. Use the following link to access a Broadening Symmetric Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Symmetric Wedge pattern in a short-term trend.

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

The daily MACD line is below its signal line since March 8, 2019. The distance between MACD and the signal line is low, but getting bigger.

During the last week, the 20 Day Moving Average 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.

Candlestick pattern: [See PEG candlestick chart pattern]
On Friday the chart has formed a Bullish Three Inside Up Candlestick pattern. The Bullish Three Inside Up pattern is another name for the Confirmed Bullish Harami pattern; it occurs in a downtrend , and it is an early signal that a bullish reversal is in play. The reliability of the Bullish Three Inside Up pattern is very high. Use the Technical Stock Screener to see the list of stocks that had a Bullish Three Inside Up Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.41
Williams' Percentage Range (W%R) 79.80
Lane's Stochastic (%D-Slow) 39.04
Greed/Fear Indicator (GFI) 38.55
Moving Average Converg./Diverg. (MACD) -0.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.20
Williams' Percentage Range (W%R) 20.60
Lane's Stochastic (%D-Slow) 64.30
Greed/Fear Indicator (GFI) 67.07
Moving Average Converg./Diverg. (MACD) 1.56
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 62.53
Weekly Trendline Resistance 60.93
Upper Bollinger Band 59.96
Price 59.31
Weekly Stochastic Crossing 59.17
50 Day Moving Average 59.14
20 Day Moving Average 58.91
Daily Stochastic Crossing 58.35
Lower Bollinger Band 57.81
Parabolic System 57.44
Weekly Trendline Support 57.42
Yearly Trendline Resistance 52.71
Sector and Industry
Description Name Rank
Sector Utilities 5
Industry Diversified Utilities 93
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 60.36
High Date 04/10/2019
Low 57.50
Low Date 05/09/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Symmetric Wedge
Status Valid
Resistance 60.93
Support 57.42
Low 49.23
Low Date 12/26/2018
High 60.36
High Date 04/10/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 39.28
Low Date 11/14/2016
High 60.36
High Date 04/10/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 62.53
Support 45.40
Low 28.92
Low Date 04/10/2012
High 60.36
High Date 04/10/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 52.71
Support 43.98
Low 22.09
Low Date 10/10/2008
High 60.36
High Date 04/10/2019
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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