PCG stock: buy or sell
Jan 16th, 2021
PCG stock brief
- Pacific Gas & Electric stock skyrocketed 3.47% to close at $12.24 on the stock market on Friday, breaking a streak of 6 sessions in red.
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 $PCG will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Pacific Gas & Electric stock?
When you are a novel trader and you own stock shares with some profit, it's really difficult to decide the good moment to sell and get your profits. In the same way as when we have to buy shares, determining when is appropiate to sell is not a whimsy decision, and we must adhere our own trading style. Our trading system selects very simple strategies to guide us on when is the best time to sell our shares. Be aware that these strategies should not be used for selling short $PCG stock
As a rule of thumb, you should not hold an investment that results in greater losses than those expected at the time of the buy. The timing to sell shares must always be ruled by the stop-loss (automatic or manual)
Is it time to sell Pacific Gas & Electric stock?
Currently, Pacific Gas & Electric stock doesn't match any of our preferred sell setups, so if you own Pacific Gas & Electric shares and your operation is in profit probably is not time to sell now
Pacific Gas & Electric ratings
In the last month, just one rating was published for Pacific Gas & Electric
|Jan 6th, 2021|
|Wells Fargo & Company|
Pacific Gas & Electric stock analysis
Supports and resistances
The current resistances are:
The current supports are:
Since the price broke down the lower band on Thursday, the price has bounced up by 3.73%. The price is trading very close to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a bearish indicator, as price can trade in these levels for many days and weeks. The price is trading very close to the lower Bollinger band, poiting some level of oversold in recent sessions. This is not a buy signal, as price can move in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 in early December after just crossing to the overbough zone for a single day (weak signal). The RSI value on Friday was 51.97. Pacific Gas & Electric stock tanked a 3.55% since RSI lost the overbought zone
Pacific Gas & Electric stock price history
Pacific Gas & Electric started trading priced at an adjusted price1 of $0.00 on Jun 1972. Since then, PCG stock surged by -, with an average of 0.00% per year. An investment of $1,000USD on Jun 1972 would have a value of $inf nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Pacific Gas & Electric stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis forecasting how a stock will performance in the future.
Along with buy or sell recommendations, financial institutions release their price predictions based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new financial data by the company, and many times. If you are a small trader you should not trade based on these projections.
There is just one price target available for Pacific Gas & Electric that predicts a price of $13.00.
|Brokerage firm||Price target|
|Jan 6th, 2021|
|Wells Fargo & Company||$11.00 → $13.00|
Earnings and financials
PG&E Corporation ($PCG) posted earnings of $0.22 per share last October, significantly worsening the Wall St consensus estimate of $0.27 per share. This quarterly report represents an earnings surprise of -18.52%. On the contrary, the company said turnover for Q3 was $4.9 billion consistent with analysts' forecasts.In comparing, the EPS for the same quarter last year was $1.11, so current EPS means a decrease of -80.18%. Looking at revenue, figures went up a 10.15% compared to $44.3B same quarter last year.
PCG ($PCG) will host the Q4 earnings call mid next February. Market analysts analysts expect of $0.23, that is a 4.55% higher than Q3.
Pacific Gas & Electric performance
|Pacific Gas & Electric ($PCG)||-0.70%||16.50%||34.40%|
Important note:The comments contained in this article are personal and not recommendations for you to buy or sell shares. The author of this report does not know the specific scenarios of the reader, his or her financial statements 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 posted for educative purposes only
|Friday, January 15th, 2021|
|Day range||$11.9 - $12.43|
|Average true range||$0.31|
|50d mov avg||$12.02|
|100d mov avg||$10.89|
|200d mov avg||$10.58|
|Earnings date||February 16th, 2021|