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Downtrend Broken Resist.Archive
- 5/8/2026 -
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Public Serv. Enterprise Inc. (PEG) Technical Analysis
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| Summary:
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| | It was the negative week for the Public Serv. Enterprise Inc. (PEG). During the week, the PEG dropped -3.02 points, or -3.77%, and closed at 77.13 on Friday, May 8, 2026. It was the worst weekly loss since March 20, 2026. Weekly volume was 11% above average.
 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 60.17 and resistance is at 89.64. 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 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 Symmetric Triangle chart pattern. The downtrend support line (78.46) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 medium-term trend.
 Weekly Technical Indicators: [See PEG weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is below its signal line since April 10, 2026. 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 April 9, 2026 at 84.47 and reached 77.03 on May 8, 2026. PEG lost 7.44 points, or 8.81%, in 29 days. Price is near the trend low.
 Daily Technical Indicators: [See PEG daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.
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