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Archive
7/5/2019
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Archive
- 7/5/2019 -
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Public Serv. Enterprise Inc. (PEG)

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Broken trend support lineA Parabolic SAR indicator is below and near the priceThe price is close to the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was a first positive week for the Public Serv. Enterprise Inc. (PEG). During the week, the PEG gained 0.75 points, or 1.28%, and closed at 59.57 on Friday, July 5, 2019. Weekly volume was -29% below average.

PEG is a member of Utilities Sector. Utilities is the second 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 61.63 on May 24, 2019. PEG gained -39.54 points, or -179.00%, in 554 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (44.22) 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 61.63 on May 24, 2019. PEG gained -32.71 points, or -113.11%, in 371 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 45.78 and resistance is at 63.16. 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 May 31, 2019. 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 December 26, 2018 at 49.23 and reached 61.63 on May 24, 2019. PEG gained -12.40 points, or -25.19%, in 149 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (60.48) 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.

The daily MACD line is below its signal line since June 25, 2019.

A Parabolic SAR (stop and reversal) indicator (59.71) comes close to the price (59.57). It indicates that the trend is getting weaker. 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 price is close to the moving average in the center of the Bollinger Bands. 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.

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) 36.29
Williams' Percentage Range (W%R) 62.80
Lane's Stochastic (%D-Slow) 29.21
Greed/Fear Indicator (GFI) 34.22
Moving Average Converg./Diverg. (MACD) -0.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.70
Williams' Percentage Range (W%R) 38.70
Lane's Stochastic (%D-Slow) 57.80
Greed/Fear Indicator (GFI) 56.35
Moving Average Converg./Diverg. (MACD) 1.54
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 63.16
Weekly Trendline Resistance 61.90
Upper Bollinger Band 61.40
Weekly Trendline Support 60.48
20 Day Moving Average 59.95
Weekly Stochastic Crossing 59.95
Parabolic System 59.71
50 Day Moving Average 59.70
Price 59.57
Daily Stochastic Crossing 59.09
Lower Bollinger Band 58.00
Yearly Trendline Resistance 57.24
Sector and Industry
Description Name Rank
Sector Utilities 8
Industry Diversified Utilities 113
Daily Trend
Description Value
Direction Up
Chart Pattern Rectangle
Low 57.50
Low Date 05/09/2019
High 61.63
High Date 05/24/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 61.90
Support 60.48
Low 49.23
Low Date 12/26/2018
High 61.63
High Date 05/24/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 39.28
Low Date 11/14/2016
High 61.63
High Date 05/24/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 63.16
Support 45.78
Low 28.92
Low Date 04/10/2012
High 61.63
High Date 05/24/2019
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 57.24
Support 44.22
Low 22.09
Low Date 10/10/2008
High 61.63
High Date 05/24/2019
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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