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Uptrend ExhaustionArchive
- 4/5/2024 -
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Public Serv. Enterprise Inc. (PEG) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Public Serv. Enterprise Inc. (PEG). During the week, the PEG gave back -0.26 points, or -0.39%, and closed at 66.52 on Friday, April 5, 2024. Weekly volume was 14% above average.
 Long-term trend: [See PEG long-term trend chart]
A long-term downtrend had started on April 21, 2022 at 75.61 and reached 52.51 on October 13, 2022. PEG lost 23.10 points, or 30.55%, in 25 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (54.34) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.
 Medium-term trend: [See PEG medium-term trend chart]
A medium-term uptrend had started on January 24, 2024 at 56.85 and reached 67.51 on April 2, 2024. PEG gained -10.66 points, or -18.75%, in 9 weeks. The price is now at the 9.29% retracement level.
 Weekly Technical Indicators: [See PEG weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since March 1, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 18, 2024 at 63.31 and reached 67.51 on April 2, 2024. PEG gained -4.20 points, or -6.63%, in 15 days. Price is near the Fibonacci 23.6% 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 main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.
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.
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