PEG stock: buy or sell
Jul 29th, 2021
PEG stock brief
- Public Service Enterprise closed on Wednesday at $62.50 after slightly changing a -0.56% and broke a streak of 4 sessions in positive.
- Public Service Enterprise is presenting its earnings report on Friday
- Looking at the chart, price is drawing an scaled downtrend since last May with lower tops and lower bottoms. shares price lost a -1.98% since the downtrend started.
- The price is currently above the upper Bollinger band, which usually indicates a short-term correction
- 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?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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?
Currently, Public Service Enterprise stock matches one trading strategy:
ATH buy setup
One of the most recommended trading strategies is to buy on All-time Highs (ATH) breakouts. The good point of buying at ATHs is that shares price doesn't have upper resistances, and usually it scales fast. However, you must always be aware of a possible bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is so important. Public Service Enterprise can break to ATH any time soon, as it only needs to rise a 2.02%. The buy point is at $63.76 if you want to trade with this strategy. Set your stop-loss at $57.38
|Buy setup||Buy point||Stop loss||Risk|
|ATH buy setup||$63.76||$57.38||10.00%|
Should I sell Public Service Enterprise stock?
"To sell or not to sell", if you are holding Public Service Enterprise shares?. Trading strategies prevent us from making impulsive decisions based on our emotions or the noise surrounding the market. When selling, as well as buying, our setups are very easy to use and are only valid for selling shares you already own, not for selling short Public Service Enterprise stock
As a golden rule, you should never keep a trade that generates greater losses than those expected by the time of purchase. The moment to sell shares must always be dictated by the stop-loss (automatic or manual)
Is it time to sell Public Service Enterprise stock?
Currently, Public Service Enterprise stock doesn't match any of our preferred sell setups, so if you hold Public Service Enterprise shares and your operation is in profit probably is not time to sell now
Public Service Enterprise ratings
In the previous 30 days we couldn't find any rating for Public Service Enterprise
Public Service Enterprise stock analysis
From a technical standpoint, Public Service Enterprise continues in downtrend since last May, and has lost a -1.98%. The stock drew 3 consecutive lower tops.
Supports and resistances
The current resistances are:
The current support levels are:
The evolution of the Bollinger Bands on the chart shows that they are quite close to each other (less than 5%), which clearly means that price volatility is low. Reduced volatility is often the antecedent to a sharp movement (up or down), so we must be alert and manage our buy or sell orders accordingly
Relative strength index
When the moves for so long below 70 and above 30, without indicating moments of overbought and oversold, the indicator is of little use, and we currently are in one of these cases.
Public Service Enterprise stock price history
Public Service Enterprise IPO was on Jan 2nd, 1980 at $0.46 per share1. Since then, PEG stock has risen by 13,486.96%, with an average of 328.95% per year. If you had invested thousand dollars in Public Service Enterprise stock on Jan 1980, it would have a value of $135,869.57 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Public Service Enterprise stock
Nobody can predict how much a stock will be priced in the future. Banks and financial organisations post their analysis forecasting how a particular stock will performance in the future.
The following table shows the price predictions published by financial institutions over the last 30 days. If you are a small trader you must not buy or sell based on these projections.
In the last month we couldn't find any price target published for Public Service Enterprise stock.
Earnings and financials
PEG ($PEG) will host the quarterly earnings call on Friday. Forecasted for this quarter is $0.70, compared to $1.28 that was reported for Q1.
Stocks releasing financial report often show a much higher volatility in price while market is closed and the session after. This extended trading range in price may imply that your stop-loss orders may become ineffective or may trigger far from your aimed price. Public Service Enterprise's website probably has further details.
Last May, Public Service Enterprise ($PEG) had the investors event and posted the report. PEG topped market estimates and posted of $1.28, that is a 14.29% surprise versus the initial predictions of $1.12. Just the opposite, reported sales were $2.9 billion versus estimates of $3.3 billion.In comparison, the EPS for the same quarter last year was $1.03, so reported EPS means a gain of 24.27%. Revenue just moved on an annualized basis in the , from $27.8B to $28.9B last quarter.
Public Service Enterprise performance
|Public Service Enterprise ($PEG)||3.90%||0.40%||12.70%|
Important note:The opinions given in this post are personal and not recommendations for you to buy or sell stocks. The author of this text does not have any knowledge of the individual circumstances 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 Thoughts are posted for general educational purposes only
|Wednesday, July 28th, 2021|
|Day range||$61.91 - $62.96|
|Average true range||$1.34|
|50d mov avg||$60.91|
|100d mov avg||$60.68|
|200d mov avg||$58.70|
|Earnings date||July 30th, 2021|