PUBLIC SERVICE ENTERPRISE GROUP - Daily - Technical analysis published on 11/08/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
17%
56%
28%
My opinion
Bearish under 61.38 USD
My targets
59.95 USD (-2.15%)
57.78 USD (-5.70%)
My analysis
The strong short-term decline in PUBLIC SERVICE ENTERPRISE GROUP calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 61.38 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 59.95 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 57.78 USD as an objective. Crossing it would then enable sellers to target 55.66 USD. Be careful, a return to above 61.38 USD could jeopardize the reversal.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
1.6
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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 PUBLIC SERVICE ENTERPRISE GROUP rating is 61.27 USD. The price registered a decrease of -1.07% on the session with the lowest point at 61.15 USD and the highest point at 61.78 USD. The deviation from the price is +0.20% for the low point and -0.83% for the high point.61.15
61.78
61.27
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
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:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of PUBLIC SERVICE ENTERPRISE GROUP indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 10 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
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
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 55.66 | 57.78 | 59.95 | 61.27 | 61.38 | 62.23 | 63.30 |
| Change (%) | -9.16% | -5.70% | -2.15% | - | +0.18% | +1.57% | +3.31% |
| Change | -5.61 | -3.49 | -1.32 | - | +0.11 | +0.96 | +2.03 |
| Level | Major | Minor | Minor | - | Major | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 60.93 | 61.40 | 61.66 | 62.13 | 62.39 | 62.86 | 63.12 |
| Camarilla | 61.73 | 61.80 | 61.86 | 61.93 | 62.00 | 62.06 | 62.13 |
| Woodie | 60.84 | 61.35 | 61.57 | 62.08 | 62.30 | 62.81 | 63.03 |
| Fibonacci | 61.40 | 61.68 | 61.85 | 62.13 | 62.41 | 62.58 | 62.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 60.23 | 61.06 | 62.03 | 62.86 | 63.83 | 64.66 | 65.63 |
| Camarilla | 62.51 | 62.68 | 62.84 | 63.01 | 63.17 | 63.34 | 63.50 |
| Woodie | 60.31 | 61.09 | 62.11 | 62.89 | 63.91 | 64.69 | 65.71 |
| Fibonacci | 61.06 | 61.74 | 62.17 | 62.86 | 63.54 | 63.97 | 64.66 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 58.50 | 59.69 | 61.50 | 62.69 | 64.50 | 65.69 | 67.50 |
| Camarilla | 62.49 | 62.76 | 63.04 | 63.31 | 63.59 | 63.86 | 64.14 |
| Woodie | 58.81 | 59.85 | 61.81 | 62.85 | 64.81 | 65.85 | 67.81 |
| Fibonacci | 59.69 | 60.84 | 61.54 | 62.69 | 63.84 | 64.54 | 65.69 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 41.86 | |
| MACD (12,26,9): | 0.1700 | |
| Directional Movement: | -0.40 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 62.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 63.60 | |
| Elder Ray (13): | -0.82 | |
| Super Trend (3,10): | 61.02 | |
| Zig ZAG (10): | 61.27 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 14.72 | |
| TEMA (21): | 62.27 | |
| Williams %R (14): | -95.45 | |
| Chande Momentum Oscillator (20): | -1.10 | |
| Repulse (5,40,3): | -1.4600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 1.04 |
| MA7: | 62.42 | |
| MA20: | 62.32 | |
| MA50: | 61.69 | |
| MA100: | 60.16 | |
| MAexp7: | 62.16 | |
| MAexp20: | 62.23 | |
| MAexp50: | 61.52 | |
| MAexp100: | 60.46 | |
| Price / MA7: | -1.84% | |
| Price / MA20: | -1.68% | |
| Price / MA50: | -0.68% | |
| Price / MA100: | +1.85% | |
| Price / MAexp7: | -1.43% | |
| Price / MAexp20: | -1.54% | |
| Price / MAexp50: | -0.41% | |
| Price / MAexp100: | +1.34% |
News
The last news published on PUBLIC SERVICE ENTERPRISE GROUP at the time of the generation of this analysis was as follows:
- PSEG Announces 2019 First Quarter Results
- PSEG Declares Regular Quarterly Dividend for Second Quarter of 2019
- CEOs of American Electric Power and Public Service Enterprise Group Present Long-Term Plans to Investors at Seventh CEO Investor Forum
- PSEG Announces 2018 Results
- PSEG Increases Common Stock Dividend
This member declared not having a position on this financial instrument or a related financial instrument.
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