PEG - Public Service Enterprise Group Incorporated

Industry: Diversified Utilities Sector: Utilities

Hold/Accumulate
Tue 23'rd May 2017

PERIOD COVERED
2017-02-24 - 2017-05-23
CHANGE
-0.38%
PRICE
$44.07
VOLUME
Buy
TREND
Sell
MV LONG
Sell
MV SHORT
Buy
PIVOT
Sell
MACD
Buy
Request Prediction
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Public Service Enterprise Group Incorporated Stock Analysis

Technical stock analysis for Tue 23'rd May 2017

Hold candidate since 2017-05-23

Public Service Enterprise Group Incorporated fell by -0.38% in the last day, from USD 44.24 to USD 44.07 The price has risen in 7 of the last 10 days and is up by 2.61% over the past 2 weeks. Volume has increased in the last day by 0.25 million shares, but on falling prices. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 3.56 million shares bought and sold for approximately USD 157 million.

Trend

Public Service Enterprise Group Incorporated lies the upper part of a narrow and weak falling trend in the short term, and this will 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 USD 44.21 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.9% during the next 3 months and, with 90% probability hold a price between USD 40.73 and USD 42.50 at the end of this period.

Signals

There are few to none technical positive signals at the moment. 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 salessignal in the stock. On further gains, the stock will meet resistance from the long-term moving average at USD 44.17. On a fall, the stock will find some support from the short-term average at USD 43.70. 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. A sales signal was issued from a pivot top point on Monday May 22, 2017, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Relative Strength Index (RSI)

RSI14 is 56 and the stock is currently not being overbought or oversold

Support & Resistance

Public Service Enterprise Group Incorporated finds support from accumulated volume at USD 43.64, USD 42.77, and USD 42.70. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 45.61, USD 44.51 and USD 44.66.

The stock is about to test the resistance from accumulated volume at USD 45.61 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

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 USD 0.52 (1.18%) between high and low. For the last week, the stock has had a daily average volatility of 1.84%.

Our recommended stoploss: USD 42.23 (-4.18%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

Evaluation

Public Service Enterprise Group Incorporated holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development.

Hold/Accumulate

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