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S&P 500 Oversold StocksArchive
- 8/7/2026 -
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Public Serv. Enterprise Inc. (PEG) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Public Serv. Enterprise Inc. (PEG). During the week, the PEG dropped -1.02 points, or -1.33%, and closed at 75.66 on Friday, August 7, 2026. Weekly volume was 32% above average.
PEG is a member of Utilities Sector. Utilities is the second most oversold 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 60.70 and resistance is at 90.56. 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 74.20 on August 4, 2026. PEG lost 21.02 points, or 22.08%, in 87 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (79.32) 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. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since July 24, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 June 26, 2026 at 83.70 and reached 74.20 on August 4, 2026. PEG lost 9.50 points, or 11.35%, in 39 days. The chart has formed a Broadening Descending Wedge chart pattern.
 Daily Technical Indicators: [See PEG daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence.
The daily MACD line is below its signal line since July 2, 2026. This is an indication that the short-term trend is down.
 Candlestick pattern: [See PEG candlestick chart pattern]
On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.
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