Public Service Enterprise Technical Analysis (NYSE:PEG)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Public Service Enterprise stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the PEG stock chart which creates a trading signal.
See Public Service Enterprise bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Public Service Enterprise stock analysis.
Public Service Enterprise Moving Average
Moving averages show the average price of PEG stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Public Service Enterprise are mostly signals of long term trends and will help long term traders.
Public Service Enterprise Bollinger Bands
Bollinger bands comprise of a center line usually PEG SMA, and two PEG stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Public Service Enterprise bollinger bands show that the stock price is $53.68, upper band is 54.61, lower band is 50.71, and the average is 52.66.
Public Service Enterprise Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Public Service Enterprise MACD indicator can be used to identify bullish and bearish trends for the stock.
Public Service Enterprise Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of PEG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.