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Archive
- 6/8/2018
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Public Serv. Enterprise Inc.
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Summary:
Weekly :Oversold sector
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARBullish Doji CandlestickPrice is near the Fibonacci 61.8% retracement levelThe price has declined below the moving average in the center of the Bollinger BandsPrice 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 dropped -1.66 points, or -3.16%, and closed at 50.89 on Friday, June 08, 2018. It was the worst weekly loss since March 2, 2018. PEG was trading at average weekly trading volume.

PEG is a member of Utilities Sector. Utilities is the most oversold 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 53.33 on May 31, 2018. PEG gained -24.41 points, or -84.41%, in 320 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 43.12 and resistance is at 58.66. 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 53.33 on May 31, 2018. PEG gained -14.05 points, or -35.77%, in 80 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 47.21 and resistance is at 58.05. 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 April 27, 2018. 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 May 17, 2018 at 49.34 and reached 53.33 on May 31, 2018. PEG gained -3.99 points, or -8.09%, in 14 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See PEG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

During the last week, the price has declined below 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.

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) 60.58
Williams' Percentage Range (W%R) 61.10
Lane's Stochastic (%D-Slow) 31.79
Greed/Fear Indicator (GFI) 43.74
Moving Average Converg./Diverg. (MACD) 0.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.50
Williams' Percentage Range (W%R) 34.20
Lane's Stochastic (%D-Slow) 70.69
Greed/Fear Indicator (GFI) 63.87
Moving Average Converg./Diverg. (MACD) 0.61
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 58.66
Monthly Trendline Resistance 58.05
Upper Bollinger Band 53.53
Parabolic System 53.15
Weekly Stochastic Crossing 51.93
20 Day Moving Average 51.28
Daily Stochastic Crossing 51.04
Price 50.89
50 Day Moving Average 50.88
Lower Bollinger Band 49.28
Monthly Trendline Support 47.21
Quarterly Trendline Support 43.12
Sector and Industry
Description Name Rank
Sector Utilities 1
Industry Diversified Utilities 50
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 49.34
Low Date 05/17/2018
High 53.33
High Date 05/31/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 46.19
Low Date 03/07/2018
High 53.33
High Date 05/31/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 58.05
Support 47.21
Low 39.28
Low Date 11/14/2016
High 53.33
High Date 05/31/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 58.66
Support 43.12
Low 28.92
Low Date 04/10/2012
High 53.33
High Date 05/31/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.09
Low Date 10/10/2008
High 53.33
High Date 05/31/2018
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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