PEG - Public Service Enterprise Group Incorporated

Industry: Diversified Utilities Sector: Utilities | Exchange: NYSE

PEG - Public Service Enterprise Group Incorporated

Industry: Diversified Utilities Sector: Utilities | Exchange: NYSE
#1052/#4940

Buy Candidate
Thu 21'st Sep 2017

PERIOD 2017-06-22 - 2017-09-21
CHANGE 2.19%
PRICE $46.22
VOLUME
Buy
TREND
Buy

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

BOLLINGER
Sell
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Public Service Enterprise Group Incorporated Stock Analysis

Technical stock analysis for Thu 21'st Sep 2017

Buy candidate since 2017-09-20 Gain 2.19%

Public Service Enterprise Group Incorporated gained 2.19% in the last trading day, rising from $45.23 to $46.22 The price has been going up and down for this period, and there has been a 0.39% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1.46 million more shares were traded than the day before. In total, 4.25 million shares bought and sold for approximately $196.27 million.

Trend

Public Service Enterprise Group Incorporated lies in the middle of a strong 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 10.08% during the next 3 months and, with 90% probability hold a price between $49.87 and $53.39 at the end of this period.

Signals

A buy signal was issued from a pivot bottom point on Wednesday September 20, 2017, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Public Service Enterprise Group Incorporated holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $46.25. On a fall, the stock will find some support from the short-term average at $45.67. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

Relative Strength Index (RSI)

RSI14 is 44 and the stock is currently not being overbought or oversold

Support & Resistance

Public Service Enterprise Group Incorporated finds support from accumulated volume at $44.21. On the upside the stock meets some resistance just above today's level from accumulated volume at $46.37, $46.52 and $47.30.

The stock is about to test the resistance from accumulated volume at $46.37 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $44.21 Price: $46.22 Resistance: $46.37
S: $44.21 Price: $46.22 R: $46.37

Risk

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 $1.03 (2.27%) between high and low. For the last week, the stock has had a daily average volatility of 1.54%.

Our recommended stoploss: $43.69 (-5.47%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.

Buy Candidate

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