PACIFIC GAS & ELECTRIC CO. - Daily - Technical analysis published on 10/25/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 11.50 USD
My targets
6.36 USD (-11.67%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on PACIFIC GAS & ELECTRIC CO. as long as the price remains well below 11.50 USD. The sellers” bearish objective is set at 6.36 USD. A bearish break of this support would revive the bearish momentum. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PACIFIC GAS & ELECTRIC CO. price is 7.20 USD. On the day, this instrument lost -12.20% with the lowest point at 7.05 USD and the highest point at 7.90 USD. The deviation from the price is +2.13% for the low point and -8.86% for the high point.7.05
7.90
7.20
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this PACIFIC GAS & ELECTRIC CO. chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 6.36 | 7.20 | 11.50 | 17.04 | 23.87 |
| Change (%) | -11.67% | - | +59.72% | +136.67% | +231.53% |
| Change | -0.84 | - | +4.30 | +9.84 | +16.67 |
| Level | Major | - | Minor | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.75 | 7.86 | 8.03 | 8.14 | 8.31 | 8.42 | 8.59 |
| Camarilla | 8.12 | 8.15 | 8.17 | 8.20 | 8.23 | 8.25 | 8.28 |
| Woodie | 7.78 | 7.88 | 8.06 | 8.16 | 8.34 | 8.44 | 8.62 |
| Fibonacci | 7.86 | 7.97 | 8.03 | 8.14 | 8.25 | 8.31 | 8.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.33 | 6.87 | 7.31 | 7.85 | 8.29 | 8.83 | 9.27 |
| Camarilla | 7.49 | 7.58 | 7.67 | 7.76 | 7.85 | 7.94 | 8.03 |
| Woodie | 6.29 | 6.85 | 7.27 | 7.83 | 8.25 | 8.81 | 9.23 |
| Fibonacci | 6.87 | 7.24 | 7.47 | 7.85 | 8.22 | 8.45 | 8.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.10 | 7.84 | 8.92 | 10.67 | 11.75 | 13.49 | 14.57 |
| Camarilla | 9.22 | 9.48 | 9.74 | 10.00 | 10.26 | 10.52 | 10.78 |
| Woodie | 5.76 | 7.68 | 8.59 | 10.50 | 11.41 | 13.33 | 14.24 |
| Fibonacci | 7.84 | 8.92 | 9.59 | 10.67 | 11.75 | 12.41 | 13.49 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 32.47 | |
| MACD (12,26,9): | -0.9700 | |
| Directional Movement: | -16.26 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 7.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.79 | |
| Elder Ray (13): | -0.87 | |
| Super Trend (3,10): | 9.74 | |
| Zig ZAG (10): | 7.20 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 11.18 | |
| TEMA (21): | 7.52 | |
| Williams %R (14): | -97.14 | |
| Chande Momentum Oscillator (20): | -3.70 | |
| Repulse (5,40,3): | -9.6800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.2500 | |
| Courbe Coppock: | 47.03 |
| MA7: | 7.86 | |
| MA20: | 8.95 | |
| MA50: | 10.35 | |
| MA100: | 15.00 | |
| MAexp7: | 7.91 | |
| MAexp20: | 8.84 | |
| MAexp50: | 10.88 | |
| MAexp100: | 13.63 | |
| Price / MA7: | -8.40% | |
| Price / MA20: | -19.55% | |
| Price / MA50: | -30.43% | |
| Price / MA100: | -52.00% | |
| Price / MAexp7: | -8.98% | |
| Price / MAexp20: | -18.55% | |
| Price / MAexp50: | -33.82% | |
| Price / MAexp100: | -47.18% |
News
The latest news and videos published on PACIFIC GAS & ELECTRIC CO. at the time of the analysis were as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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