Londinia Opportunities Analyses - 05/16/2024 (GMT) PUBLIC SERVICE ENTERPRISE GROUP - 1H

- USD (-)

- 15 min delayed data - NYSE Stocks

Type:	Stocks
Ticker:	PEG
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 74.49 USD

My targets

75.49 USD (+0.82%)

76.96 USD (+2.80%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PUBLIC SERVICE ENTERPRISE GROUP as long as the price remains well above 74.49 USD. The buyers' bullish objective is set at 75.49 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 76.96 USD. If there is any crossing, the next objective would be the resistance located at 79.57 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.9

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Additional analysis

Quotes

The PUBLIC SERVICE ENTERPRISE GROUP price is 74.87 USD. On the day, this instrument gained +0.56% with the lowest point at 74.37 USD and the highest point at 75.12 USD. The deviation from the price is +0.67% for the low point and -0.33% for the high point.

74.37

75.12

74.87

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this PUBLIC SERVICE ENTERPRISE GROUP chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	70.17	73.17	74.49	74.87
Change (%)	-6.28%	-2.27%	-0.51%	-
Change	-4.70	-1.70	-0.38	-
Level	Major	Minor	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	73.51	73.80	74.13	74.42	74.75	75.04	75.37
Camarilla	74.28	74.34	74.39	74.45	74.51	74.56	74.62
Woodie	73.52	73.81	74.14	74.43	74.76	75.05	75.38
Fibonacci	73.80	74.04	74.19	74.42	74.66	74.81	75.04

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	67.33	68.80	71.41	72.88	75.49	76.96	79.57
Camarilla	72.89	73.26	73.64	74.01	74.38	74.76	75.13
Woodie	67.89	69.09	71.97	73.17	76.05	77.25	80.13
Fibonacci	68.80	70.36	71.33	72.88	74.44	75.41	76.96

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	59.72	61.87	65.48	67.63	71.24	73.39	77.00
Camarilla	67.50	68.02	68.55	69.08	69.61	70.14	70.66
Woodie	60.44	62.24	66.20	68.00	71.96	73.76	77.72
Fibonacci	61.87	64.07	65.43	67.63	69.83	71.19	73.39

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):	65.92
MACD (12,26,9):	0.4000
Directional Movement:	20.36
AROON (14):	78.57
DEMA (21):	74.84
Parabolic SAR (0,02-0,02-0,2):	74.17
Elder Ray (13):	0.33
Super Trend (3,10):	73.81
Zig ZAG (10):	74.86
VORTEX (21):	1.0600
Stochastique (14,3,5):	89.91
TEMA (21):	74.83
Williams %R (14):	-11.79
Chande Momentum Oscillator (20):	1.14
Repulse (5,40,3):	0.2700
ROCnROLL:	1
TRIX (15,9):	0.0700
Courbe Coppock:	3.12

MA7:	73.81
MA20:	70.50
MA50:	67.40
MA100:	63.47
MAexp7:	74.74
MAexp20:	74.30
MAexp50:	73.37
MAexp100:	71.87
Price / MA7:	+1.44%
Price / MA20:	+6.20%
Price / MA50:	+11.08%
Price / MA100:	+17.96%
Price / MAexp7:	+0.17%
Price / MAexp20:	+0.77%
Price / MAexp50:	+2.04%
Price / MAexp100:	+4.17%

Quotes : - 15 min delayed data - Actions NYSE

News

Don't forget to follow the news on PUBLIC SERVICE ENTERPRISE GROUP. At the time of publication of this analysis, the latest news was as follows: