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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 10/17/2025 -
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Public Serv. Enterprise Inc. (PEG) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :Broken trend resistance lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price touches the upper Bollinger Band
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It was a first positive week for the Public Serv. Enterprise Inc. (PEG). During the week, the PEG gained 4.10 points, or 5.08%, and closed at 84.75 on Friday, October 17, 2025. PEG was trading at average weekly trading volume.

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 trend support level is at 58.96 and resistance is at 87.58. 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 April 7, 2025 at 74.67 and reached 91.26 on August 5, 2025. PEG gained -16.59 points, or -22.22%, in 17 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 80.49 and resistance is at 95.82. 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 September 5, 2025. The distance between MACD and the signal line is low and getting smaller. 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 August 5, 2025 at 91.26 and reached 79.26 on September 9, 2025. PEG lost 12.00 points, or 13.15%, in 35 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (82.82) 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 short-term trend.

Daily Technical Indicators: [See PEG daily technical indicators chart]
Daily technical indicators are neutral.

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

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

The price touches the upper Bollinger Band. 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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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) 57.43
Williams' Percentage Range (W%R) 30.80
Lane's Stochastic (%D-Slow) 71.58
Greed/Fear Indicator (GFI) 66.07
Moving Average Converg./Diverg. (MACD) -0.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.70
Williams' Percentage Range (W%R) 52.80
Lane's Stochastic (%D-Slow) 27.54
Greed/Fear Indicator (GFI) 40.86
Moving Average Converg./Diverg. (MACD) 0.18
Trading Signals
Description Value Chart
Monthly Trendline Resistance 95.82
Yearly Trendline Resistance 87.58
Upper Bollinger Band 84.96
Price 84.75
Daily Stochastic Crossing 84.72
50 Day Moving Average 82.86
Weekly Trendline Support 82.82
20 Day Moving Average 82.32
Weekly Stochastic Crossing 81.25
Parabolic System 80.50
Monthly Trendline Support 80.49
Lower Bollinger Band 80.19
Weekly Trendline Resistance 77.15
Sector and Industry
Description Name Rank
Sector Utilities 12
Industry Electric Utilities 101
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 79.26
Low Date 09/09/2025
High 85.93
High Date 10/16/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 77.15
Support 82.82
High 91.26
High Date 08/05/2025
Low 79.26
Low Date 09/09/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 95.82
Support 80.49
Low 74.67
Low Date 04/07/2025
High 91.26
High Date 08/05/2025
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 Valid
Resistance 87.58
Support 58.96
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.