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Downtrend Broken Resist.Archive
- 3/13/2026 -
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Public Serv. Enterprise Inc. (PEG) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Public Serv. Enterprise Inc. (PEG). During the week, the PEG climbed 0.38 points, or 0.46%, and closed at 83.73 on Friday, March 13, 2026. Weekly volume was -9% 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 trend support level is at 59.83 and resistance is at 89.06. 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 trend support level is at 77.92 and resistance is at 87.69. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle 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 above its signal line since February 6, 2026. 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 February 26, 2026 at 87.63 and reached 81.33 on March 3, 2026. PEG lost 6.30 points, or 7.19%, in 5 days. Price is near the Fibonacci 38.2% 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.
The daily MACD line is below its signal line since February 27, 2026. This is an indication that the short-term trend is down.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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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