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Downtrend Broken Resist.Archive
- 5/2/2025 -
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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 dropped -1.55 points, or -1.91%, and closed at 79.48 on Friday, May 2, 2025. Weekly volume was 38% above 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 57.95 and resistance is at 85.86. 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 Falling Channel chart pattern. The trend support level is at 72.60 and resistance is at 82.05. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel 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 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 April 17, 2025 at 84.76 and reached 77.75 on April 30, 2025. PEG lost 7.01 points, or 8.27%, in 13 days. Price is near the Fibonacci 23.6% 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 April 24, 2025. This is an indication that the short-term trend is down.
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