PUBLIC SERVICE ENTERPRISE GP (PEG) Stock Technical Analysis
USA - NYSE:PEG - US7445731067 - Common Stock
84.75 USD
+0.41 (+0.49%)
84.75 USD
0 (0%)
We assign a technical rating of 4 out of 10 to PEG. PEG has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
68% of all other stocks performed better in the past year than PEG.
PEG is part of the Multi-Utilities industry. There are 25 other stocks in this industry, of which 79% are performing better than PEG.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
PEG has an average volume of 2699120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PEG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PEG is lagging the market.
In the last month PEG has a been trading in the 80.12 - 85.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, PEG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 87.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 82.89, a Stop Loss order could be placed below this zone.
More info and screens
76.36
91.29
We found 2 important support areas.
- A support zone ranging from 80.71 to 82.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 77.13 to 78.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 87.29 to 88.14. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @90.39 from a horizontal line in the daily 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 is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PEG is up. |
| ChartMill Relative Strength | 32.62 | NEUTRAL | PEG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PEG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PEG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PEG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.3 | NEUTRAL | The RSI value for PEG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests PEG has a positive trend. |
| Stochastics (14,3) | 80.96 | OVERBOUGHT | The high Stochastics value suggests PEG may be overbought. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for PEG suggests low volalility. |
| Average Directional Index/ADX (14) | 17.68 | NEGATIVE | The low ADX value for PEG suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
84.75
+0.41 (+0.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg0.49%
1 Week5.08%
2 Weeks3.35%
1 Month3.86%
3 Month0.52%
6 Month1.67%
12 Month-5.58%
2 Year37.47%
3 Year51.15%
5 Year45.74%
10 Year105.26%
15 Year162.06%
Volatility
ATR(14)1.79
ATR(20)%1.93%
ATR Inc-8.28%
Range Today1.29
ADR(20)1.61
ADR(20)%1.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.62
Mansfield-0.87
10 Day High85.93
10 Day Low80.12
20 Day High85.93
20 Day Low80.12
52 Week High95.22
52 Week Low74.67
CS1 End82.89
CR1 Start87.29
Volume & EV
DER(3)-1.41%
DER(5)-0.36%
Volume2.55M
Volume Incr-4.16%
Vol(5)2.69M
Vol(50)2.70M