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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.

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- 11/21/2025 -
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Public Serv. Enterprise Inc. (PEG) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineWilliams' Percentage Range is oversold
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR20 Day Moving Average has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Public Serv. Enterprise Inc. (PEG). During the week, the PEG dropped -1.57 points, or -1.90%, and closed at 81.27 on Friday, November 21, 2025. Weekly volume was -11% 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 59.17 and resistance is at 87.95. 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 Symmetric Triangle chart pattern. The uptrend support line (81.56) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

Weekly Technical Indicators: [See PEG weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly 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 September 5, 2025. The distance between MACD and the signal line is low, but getting bigger. 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 Descending Triangle chart pattern. The trend support level is at 79.29 and resistance is at 83.75. A Descending Triangle is a variation of triangle formation that has a flat support line and falling resistance line. The lower highs indicate the decreasing demand and give the descending triangle definitive bearish bias. A Descending Triangle usually represents a distribution stage in bearish market. A Descending Triangle is considered to be a continuation pattern, especially in a down trend, but it may also mark a reversal in an uptrend. Use the following link to access a Descending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Descending Triangle pattern in a short-term trend.

Daily Technical Indicators: [See PEG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

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.

During the last week, the price has declined below 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 49.59
Williams' Percentage Range (W%R) 58.90
Lane's Stochastic (%D-Slow) 32.01
Greed/Fear Indicator (GFI) 40.89
Moving Average Converg./Diverg. (MACD) -0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.92
Williams' Percentage Range (W%R) 84.20
Oversold
Lane's Stochastic (%D-Slow) 43.77
Greed/Fear Indicator (GFI) 36.06
Moving Average Converg./Diverg. (MACD) 0.00
Trading Signals
Description Value Chart
Yearly Trendline Resistance 87.95
Upper Bollinger Band 84.44
Weekly Trendline Resistance 83.75
Monthly Trendline Resistance 83.75
Parabolic System 83.33
50 Day Moving Average 82.20
Weekly Stochastic Crossing 81.95
20 Day Moving Average 81.94
Monthly Trendline Support 81.56
Price 81.27
Daily Stochastic Crossing 81.12
Lower Bollinger Band 79.79
Weekly Trendline Support 79.29
Sector and Industry
Description Name Rank
Sector Utilities 11
Industry Electric Utilities 98
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 86.09
High Date 10/20/2025
Low 79.29
Low Date 11/05/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Valid
Resistance 83.75
Support 79.29
High 91.26
High Date 08/05/2025
Low 79.26
Low Date 09/09/2025
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 83.75
Support 81.56
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 87.95
Support 59.17
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.