Pattern Energy Group Inc (PEG.CA) Stock Technical Analysis
Canada - TSX:PEG -
We assign a technical rating of 3 out of 10 to PEG. PEG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, PEG does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 26.63, a Stop Loss order could be placed below this zone.
More info and screens
25.10
We found 1 important support area.
- A support zone ranging from 25.35 to 26.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 26.73 to 27.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @29.34 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for PEG.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PEG.CA is neutral. |
| ChartMill Relative Strength | 71.59 | POSITIVE | PEG.CA has a high relative strength, it outperformed 71.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PEG.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PEG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PEG.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.45 | NEUTRAL | The RSI value for PEG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests PEG.CA has a negative trend. |
| Stochastics (14,3) | 48.02 | NEUTRAL | The Stochastics value for PEG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.58 | LOW VOLATILITY | The low ATR as a percentage value for PEG.CA suggests low volalility. |
26.64
-0.13 (-0.49%)
Pattern Energy Group Inc / PEG.CA FAQ
Can you provide the ChartMill technical rating for Pattern Energy Group Inc?
ChartMill assigns a technical rating of 3 / 10 to PEG.CA.
Can you provide the trend direction for Pattern Energy Group Inc?
The current trend direction for Pattern Energy Group Inc (PEG.CA) is Bearish.
What is the RSI signal for Pattern Energy Group Inc (PEG.CA) stock?
Pattern Energy Group Inc (PEG.CA) has an RSI value of 45.4539. This indicates that the stock is currently neutral.
What are the support and resistance levels for Pattern Energy Group Inc (PEG.CA) stock?
Pattern Energy Group Inc (PEG.CA) has a support level at 26.63 and a resistance level at 26.73. Check the full technical report for our detailed analysis of PEG.CA support and resistance levels.