PCG stock: buy or sell
Jul 29th, 2021
PCG stock brief
- Pacific Gas & Electric closed on Wednesday at $9.15 (1.78%) prior to reporting earnings on Thursday
- Pacific Gas & Electric presented its earnings report on Thursday
- Looking at the chart, price is drawing an scaled downtrend since November 2020 with lower tops and lower bottoms. this downtrend marked a -29.12% loss.
Should I buy Pacific Gas & Electric stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $PCG stock a buy?
Currently, Pacific Gas & Electric stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $PCG in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell Pacific Gas & Electric stock?
Knowing when to sell a stock is even harder than knowing when to buy it. Just as when we have to buy shares, determining when is appropiate time to sell is not a haphazard decision, and we must use our own trading strategy. We like very simple setups to guide us on when is a good moment to sell a stock. Be aware that these setups should not be used for selling short $PCG stock
A guiding principle is that you must never keep a trade that shows a higher than expected losses upon the buy. The moment to sell your stock should always be dictated by the stop-loss (automatic or manual)
Is it time to sell Pacific Gas & Electric stock?
In the current situation of Pacific Gas & Electric there is not any eligible sell setup, so Pacific Gas & Electric stock holders with operations in profit can keep their positions
Pacific Gas & Electric ratings
In the last 30 days we couldn't find any rating for Pacific Gas & Electric
Pacific Gas & Electric stock analysis
From a technical standpoint, Pacific Gas & Electric continues trending lower since November 2020, and has lost a -29.12%. The stock drew 8 consecutive lower tops.
Supports and resistances
The current resistance levels are:
The current support levels are:
Since the price broke down the lower band last Monday, the price has bounced up by 7.90%
Relative strength index
The RSI crossed up the oversold line of 30 on Tuesday after just being in the oversold zone for a single day (what can be considered a strength sign). The RSI value on Wednesday was 37.41
Pacific Gas & Electric stock price history
Pacific Gas & Electric started trading on Jun 1st, 1972 priced at $0.00 per share1. Since then, PCG stock surged by -, with an average of 0.00% per year. An investment of thousand dollars on Jun 1972 would worth $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Pacific Gas & Electric stock
Nobody knows how much a share will be priced in the future. Banks and financial organisations issue their analysis forecasting how a stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions release their price estimates based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new financial information by the company, and usually. Again, these targets are not direct recommendations for individual investors and should not be trusted blindly.
In the previous month we couldn't find any price target posted for Pacific Gas & Electric stock.
Earnings and financials
Pacific Gas & Electric ($PCG) hosted the earnings call and presented the report on Thursday.Compared to the same quarter last year, EPS was $1.03, so current EPS means -100.00%. Sales grew a 9.52% on an annualized basis in the , from $43.1B to $47.2B last quarter.
PCG ($PCG) posts quarterly earnings report next October.
Pacific Gas & Electric performance
|Pacific Gas & Electric ($PCG)||-11.30%||-15.00%||-15.30%|
Important note:The comments published in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this report does not have any knowledge of the particular scenarios of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are provided for educative purposes only
|Wednesday, July 28th, 2021|
|Day range||$8.98 - $9.27|
|Average true range||$0.46|
|50d mov avg||$10.11|
|100d mov avg||$10.70|
|200d mov avg||$11.12|
|Earnings date||October 27th, 2021|