PEG - Public Service Enterprise Group Incorporated Fri 13'th Jan 2017
Stock analysis for Fri 13'th Jan 2017 (Updated daily)
Buy candidate since 2017-01-11
Public Service Enterprise Group Incorporated Stock Analysis
Public Service Enterprise Group Incorporated fell by -0.09% in the last day, from USD 44.07 to USD 44.03. The price has been going up and down for this period, and there has been a -0.05% loss for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -0.39 million shares and in total there were 1.58 million shares bought and sold for approx. USD 69.53 million.
Public Service Enterprise Group Incorporated lays in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.7% during the next 3 months and, with 90% probability will hold a price between USD 45.66 and USD 48.95 at the end of this period.
Public Service Enterprise Group Incorporated holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at USD 43.87 and USD 42.99. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday January 03, 2017, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 54 and the stock is currently not being overbought or oversold
Support & Resistance
Public Service Enterprise Group Incorporated finds support from accumulated volume at USD 43.99, USD 41.25, and USD 40.90. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 44.04, USD 44.05 and USD 44.20.
The stock is about to test the resistance from accumulated volume at USD 44.04 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day the stock moved USD 0.34 between high and low, and this equals 0.78%. For the last week, the stock has had a daily average volatility of 1.56%.
Our recommended stoploss: USD 43.13 (-2.04%) ( based on support and risk)
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.