PEG stock: buy or sell
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
| Brokerage firm | Rating |
|---|---|
| Jan 8th, 2021 | |
| Mizuho | Neutral |
| Jan 12th, 2021 | |
| KeyCorp | Buy |
| Jan 14th, 2021 | |
| The Goldman Sachs Group | Neutral → |
| 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
Supports and resistances
The current resistance levels are:
The current supports are:
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
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.
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
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%.
| Brokerage firm | Price 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 $0.96.
Public Service Enterprise performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Public Service Enterprise ($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 onlyPEG 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 date | February 24th, 2021 |