PG&E Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
PG&E Corporation stock price up 1.75% on Wednesday
(Updated on May 01, 2024)
The PG&E Corporation stock price gained 1.75% on the last trading day (Wednesday, 1st May 2024), rising from $17.11 to $17.41. During the last trading day the stock fluctuated 2.25% from a day low at $17.10 to a day high of $17.49. The price has risen in 8 of the last 10 days and is up by 5.9% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 11 million shares were bought and sold for approximately $195.73 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $17.41 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.92% during the next 3 months and, with a 90% probability hold a price between $16.59 and $17.92 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PCG Signals & Forecast
Mostly positive signals in the chart today. The PG&E Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $17.12 and $16.64. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 8.61%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Thursday, February 29, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, February 29, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Tuesday, April 16, 2024 with a target of $17.02. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for PG&E Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $16.41 and $16.25. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, PG&E Corporation finds support just below today's level at $16.41. If this is broken, then the next support from accumulated volume will be at $16.25 and $16.24.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.385 between high and low, or 2.25%. For the last week the stock has had daily average volatility of 2.03%.
Our recommended stop-loss: $16.70 (-4.07%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (PCG) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect PG&E Corporation to open at $17.33, and during the day (based on 14 day Average True Range), to move between $17.09 and $17.73, which gives a possible trading interval of +/-$0.320 (+/-1.84%) up or down from last closing price. If PG&E Corporation takes out the full calculated possible swing range there will be an estimated 3.67% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $16.41, some $1.00 (5.74%) from the current price of $17.41, our system finds the risk reward attractive.
Is PG&E Corporation stock A Buy?
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 PG&E Corporation stock to perform well in the short-term.
Current score: 3.127 Buy Candidate Unchanged
Predicted Opening Price for PG&E Corporation of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $17.33 ( 0.450%) | $17.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PCG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.72 | 1.76 % | |
| R2 | 17.57 | 0.92 % | ||
| R1 | 17.48 | 0.395 % | ||
| Current price: | 17.41 | |||
| Support | S1 | 17.18 | -1.29 % | |
| S2 | 17.09 | -1.82 % | ||
| S3 | 16.95 | -2.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 17.41 | |||
| Support | S1 | 16.41 | -5.74% | |
| S2 | 16.25 | -6.66% | ||
| S3 | 16.24 | -6.72% |
PCG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0100 | 0.0614% |
| 2 | Nov 28, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.0100 | 0.0571% |
| 3 | Sep 20, 2017 | Sep 28, 2017 | Oct 15, 2017 | $0.530 | 0.92% |
| 4 | May 31, 2017 | Jun 28, 2017 | Jul 15, 2017 | $0.530 | 0.799% |
| 5 | Mar 14, 2017 | Mar 29, 2017 | Apr 15, 2017 | $0.490 | 0.730% |
FAQ
Click here for our free guide on how to buy PG&E Corporation Stock.
