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Archive
- 4/19/2024 -
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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 -0.13 points, or -0.20%, and closed at 65.74 on Friday, April 19, 2024. Weekly volume was -14% below average.
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 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 (54.39) 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 October 3, 2023 at 53.71 and reached 67.51 on April 2, 2024. PEG gained -13.80 points, or -25.69%, in 26 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 58.62 and resistance is at 68.25. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See PEG weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic 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 relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 January 24, 2024 at 56.85 and reached 67.51 on April 2, 2024. PEG gained -10.66 points, or -18.75%, in 69 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (67.33) 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 April 4, 2024.
A Parabolic SAR (stop and reversal) indicator (66.1) comes close to the price (65.74). 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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Utilities |
11 |
| Industry |
Electric Utilities |
83 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Right-Angled, Descending Wedge |
| High |
67.51 |
| High Date |
04/02/2024 |
| Low |
64.03 |
| Low Date |
04/16/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Support |
| Resistance |
69.09 |
| Support |
67.33 |
| Low |
56.85 |
| Low Date |
01/24/2024 |
| High |
67.51 |
| High Date |
04/02/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
68.25 |
| Support |
58.62 |
| Low |
53.71 |
| Low Date |
10/03/2023 |
| High |
67.51 |
| High Date |
04/02/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
52.51 |
| Low Date |
10/13/2022 |
| High |
67.51 |
| High Date |
04/02/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Resistance |
| Resistance |
59.36 |
| Support |
54.39 |
| High |
75.61 |
| High Date |
04/21/2022 |
| Low |
52.51 |
| Low Date |
10/13/2022 |
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