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- 4/17/2025 -
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Public Serv. Enterprise Inc. (PEG) Technical Analysis

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Summary:
Weekly :Overbought sectorTrend resistance at 85.71Trend resistance at 83.58
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtTrend resistance at 83.04
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It was a second consecutive positive week for the Public Serv. Enterprise Inc. (PEG). During the week, the PEG gained 1.22 points, or 1.49%, and closed at 83.36 on Thursday, April 17, 2025. Weekly volume was -24% 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 uptrend had started on October 10, 2008 at 22.09 and reached 95.22 on November 27, 2024. PEG gained -73.13 points, or -331.05%, in 841 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (85.71). 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 downtrend had started on November 27, 2024 at 95.22 and reached 74.67 on April 7, 2025. PEG lost 20.55 points, or 21.58%, in 18 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (83.58). 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 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 6, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See PEG short-term trend chart]
A short-term downtrend had started on March 24, 2025 at 84.56 and reached 74.67 on April 7, 2025. PEG lost 9.89 points, or 11.70%, in 14 days. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (83.04). 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 short-term trend.

Daily Technical Indicators: [See PEG daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 daily MACD line is above its signal line since April 10, 2025.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.93
Williams' Percentage Range (W%R) 12.20
Overbought
Lane's Stochastic (%D-Slow) 87.53
Overbought
Greed/Fear Indicator (GFI) 76.75
Moving Average Converg./Diverg. (MACD) -0.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.48
Williams' Percentage Range (W%R) 56.90
Lane's Stochastic (%D-Slow) 48.55
Greed/Fear Indicator (GFI) 45.69
Moving Average Converg./Diverg. (MACD) 0.40 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 85.79
Yearly Trendline Resistance 85.71
Daily Stochastic Crossing 83.74
Monthly Trendline Resistance 83.58
Price 83.36
Weekly Trendline Resistance 83.04
50 Day Moving Average 82.05
20 Day Moving Average 81.69
Parabolic System 80.59
Weekly Stochastic Crossing 80.44
Lower Bollinger Band 77.92
Monthly Trendline Support 73.38
Weekly Trendline Support 67.98
Sector and Industry
Description Name Rank
Sector Utilities 12
Industry Electric Utilities 106
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 74.67
Low Date 04/07/2025
High 84.76
High Date 04/17/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 83.04
Support 67.98
High 84.56
High Date 03/24/2025
Low 74.67
Low Date 04/07/2025
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 83.58
Support 73.38
High 95.22
High Date 11/27/2024
Low 74.67
Low Date 04/07/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 52.51
Low Date 10/13/2022
High 95.22
High Date 11/27/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 85.71
Support 57.86
Low 22.09
Low Date 10/10/2008
High 95.22
High Date 11/27/2024
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.