PEG stock: buy or sell

PEG stock price: $58.33 -0.32% At close on Jan 26th, 2021

Updated on:
Jan 27th, 2021

2

PEG stock brief

  • Public Service Enterprise closed on Tuesday at $58.33 after just moving a -0.32%.
  • Looking at the chart, price is drawing an scaled downtrend since last November with lower tops and lower bottoms. shares price lost a -5.34% since the downtrend started.
  • On January 20 broke out above its latest top at $58.91
  • Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid-Atlantic United States.

Should I buy Public Service Enterprise 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 $PEG stock a buy?

In the current situation of Public Service Enterprise there is not any eligible buy setup. This doesn't mean $PEG will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Public Service Enterprise stock?

When you own a stock with some profit, it's really hard to decide the correct moment to sell and get your profits. Like when we have to buy shares, determining when is appropiate time to sell is not a haphazard decision, and we must follow our own trading strategy. When selling, as well as buying, detailed strategies are very easy to use and are only valid for selling shares you already own, not for shorting $PEG stock

As a rule of thumb, you should never keep an open trade that produces losses greater than those expected by the time of the buy. The timing to sell your stock always has to be determined by the stop-loss (automatic or manual)

Is it time to sell Public Service Enterprise stock?

In the current situation of Public Service Enterprise there is not any eligible sell setup, so Public Service Enterprise stock holders with operations in profit can keep their positions

Public Service Enterprise ratings

In the last month, 4 brokerage ratings were published for Public Service Enterprise. General sentiment is bullish, with 3 out of 4 publishing optimistic outlooks

Public Service Enterprise analysts' ratings - Last 30 days
Brokerage firmRating
Jan 8th, 2021
Mizuho Neutral
Jan 12th, 2021
KeyCorp Buy
Jan 14th, 2021
The Goldman Sachs Group NeutralStrong buy
Jan 20th, 2021
Morgan Stanley Buy

Public Service Enterprise stock analysis

Public Service Enterprise continues in downtrend since last November, and has lost a -5.34%. The stock drew 2 consecutive lower tops.

SMAs overview

PEG stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $58.39 (0.10% above)
  • R2: $58.72 (0.67% above)
  • R3: $58.91 (0.99% above)
  • The current supports are:

  • S1: $58.24 (-0.15% below)
  • S2: $58.05 (-0.48% below)
  • S3: $58.02 (-0.53% below)
  • Bollinger bands

    Since the price surpassed the upper band on January 20, the price corrected downwards by 1.88%. The price is trading near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell point, as price can move in these levels for many days and weeks

    PEG stock Bollinger Bands chart

    Relative strength index

    The has been between the levels of 70 and 30 for some weeks, and therefore, without this indicator really helping us to make any decisions.

    PEG stock RSI chart

    Public Service Enterprise stock price history

    Public Service Enterprise went public on Jan 2nd, 1980 priced at $0.45 per share1. Since then, PEG stock surged by 12,862.22%, with an average of 313.71% per year. An investment of thousand dollars on the IPO would worth $129,622.22 today.

    1: Adjusted price after possible price splits or reverse-splits

    PEG stock price history chart

    Price target for Public Service Enterprise stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis predicting how a particular stock will performance in the future.

    The following table shows the price target published by brokerage institutions for the last 30 days. Again, these forecasts are not direct recommendations for small investors and must not be followed blindly.

    There are 3 price forecasts released for Public Service Enterprise that average $63.00. Public Service Enterprise closed at $58.33 on Tuesday, so the target price is predicting a growth by 8.01%.

    Public Service Enterprise stock price predictions
    Brokerage firmPrice target
    Jan 8th, 2021
    Mizuho $57.00$56.00
    Jan 12th, 2021
    KeyCorp $66.00$60.00
    Jan 14th, 2021
    The Goldman Sachs Group Not available
    Jan 20th, 2021
    Morgan Stanley $71.00$73.00

    Earnings and financials

    Public Service Enterprise Group Incorporated ($PEG) reported earnings of $0.96 per share last October, matching the Market consensus estimate of $0.97 per share. Forecasted turnover for this quarter was $2.5 billion but Public Service Enterprise slightly lowered by 4.05%, reporting $2.4 billion.

    In contrast, the EPS for the same quarter last year was $0.98, so reported EPS means a loss of -2.04%. Revenue scarcely changed on an annualized basis in the , from $23.0B to $23.7B last quarter.

    PEG ($PEG) is posting earnings report late next February. Market estimates of $0.65, compared to previous quarter that made $0.96.

    Public Service Enterprise performance

    PEG performance compared
    Company1m3m6m
    Public Service Enterprise ($PEG) 3.20% -2.70% 14.50%

    Disclaimer:
    The thoughts contained in this post are personal and not recommendations for you to buy or sell shares. The author of this report does not have any knowledge of the particular conditions of the reader, his or her 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 expressed for informational motives only

    PEG summary

    Tuesday, January 26th, 2021
    Open$58.69
    Close$58.33
    Day range$57.78 - $58.77
    Previous close$58.52
    Session gain-0.32%
    Average true range$1.51
    50d mov avg$57.54
    100d mov avg$56.68
    200d mov avg$53.49
    Earnings dateFebruary 24th, 2021

    Frequently asked questions

    What is Public Service Enterprise stock symbol?

    Public Service Enterprise Group Incorporated is a public company trading in the US stock market with the PEG symbol

    Is Public Service Enterprise stock a buy or sell?

    Public Service Enterprise received 4 ratings in the last 30 days: 3 bullish, 0 bearish and 1 neutral.

    Will PEG go up?

    Public Service Enterprise had different price predictions posted by market analysts in the last 4 weeks forecasting the target price to $63.00. That is a 8.01% than the current price ($58.33).