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PEG - Public Service Enterprise Group Incorporated Mon 27'th Feb 2017

Industry: Diversified Utilities Sector: Utilities
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Strong Buy Candidate

Score: 6.56

#142 of 5165
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Score:
Accuracy: 81.08%
Risk: Low
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Stock analysis for Mon 27'th Feb 2017 (Updated daily)

Buy candidate since 2017-02-16

Gain 4.47%

Public Service Enterprise Group Incorporated Stock Analysis


No changes to the price of Public Service Enterprise Group Incorporated in the last trading day. The price has fallen in 5 of the last 10 days , but is still up by 5.12% over the past 2 weeks.

Trend

Public Service Enterprise Group Incorporated has broken the narrow and weak rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at USD 45.27, a level that may pose a second chance to hit a runner. According to fan-theory USD 47.72 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

Signals

Only positive signals in the chart today. 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 44.46 and USD 43.79. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday February 09, 2017, which indicates further gains until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.

The stock had a Golden Star Signal* on Friday February 17, 2017 in the short-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Relative Strength Index (RSI)

The stock holds a RSI14 at 74 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Support & Resistance

Public Service Enterprise Group Incorporated finds support from accumulated volume at USD 44.25, USD 43.99, and USD 43.39. There is no resistance from accumulated volume above today's level and given the right condition the stock may perform very well during the next couple of 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 0.72 (1.60%) between high and low. For the last week, the stock has had a daily average volatility of 2.17%.

The stock is extremely overbought on RSI14 (74). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stoploss: USD 43.42 (-4.80%) ( Criterias: risk and break of trend)

Evaluation

Public Service Enterprise Group Incorporated holds several positive signals and has broken the weak rising trend up. As the stock is also in very good technical shape, we therefore consider it to be a good choice at current levels and are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Strong Buy Candidate.

Strong Buy Candidate


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