The Greedy Trader Weekly Analysis
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Archive
- 1/11/2019
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Public Serv. Enterprise Inc.
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Summary:
Weekly :Overbought sectorTrend resistance at 52.02
Daily :Broken trend support lineDaily  MACD line has moved above its signal lineBullish Doji Candlestick
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It was a second consecutive positive week for the Public Serv. Enterprise Inc. (PEG). During the week, the PEG climbed 0.51 points, or 0.99%, and closed at 51.88 on Friday, January 11, 2019. It was the best weekly gain since November 30, 2018. PEG was trading at average weekly trading volume.

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 October 10, 2008 at 22.09 and reached 56.68 on October 24, 2018. PEG gained -34.59 points, or -156.59%, in 523 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (52.02). 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 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 56.68 on October 24, 2018. PEG gained -27.76 points, or -95.99%, in 341 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 44.59 and resistance is at 61.15. 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 below its signal line since December 14, 2018. 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 56.68 on October 24, 2018. PEG gained -10.49 points, or -22.71%, in 231 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (53.08) 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.

Candlestick pattern: [See PEG candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.17
Williams' Percentage Range (W%R) 61.80
Lane's Stochastic (%D-Slow) 77.48
Greed/Fear Indicator (GFI) 53.62
Moving Average Converg./Diverg. (MACD) -0.73
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.19
Williams' Percentage Range (W%R) 64.30
Lane's Stochastic (%D-Slow) 39.16
Greed/Fear Indicator (GFI) 40.71
Moving Average Converg./Diverg. (MACD) 0.65
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 61.15
Weekly Trendline Resistance 59.23
Upper Bollinger Band 55.16
50 Day Moving Average 53.39
Weekly Trendline Support 53.08
20 Day Moving Average 52.14
Yearly Trendline Resistance 52.02
Price 51.88
Daily Stochastic Crossing 51.87
Weekly Stochastic Crossing 51.37
Parabolic System 50.83
Monthly Trendline Support 50.36
Lower Bollinger Band 49.27
Quarterly Trendline Support 44.59
Yearly Trendline Support 43.29
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Diversified Utilities 129
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 56.68
High Date 10/24/2018
Low 49.23
Low Date 12/26/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 59.23
Support 53.08
Low 46.19
Low Date 03/07/2018
High 56.68
High Date 10/24/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 63.56
Support 50.36
Low 39.28
Low Date 11/14/2016
High 56.68
High Date 10/24/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 61.15
Support 44.59
Low 28.92
Low Date 04/10/2012
High 56.68
High Date 10/24/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 52.02
Support 43.29
Low 22.09
Low Date 10/10/2008
High 56.68
High Date 10/24/2018
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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