pool adsPublic Service Enterprise $PEG Technical Update
The Public Service Enterprise (NYSE: PEG) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for PEG, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Neutral | Neutral |
| P1 | 52.87 | 51.86 | 51.60 |
| P2 | 53.59 | 54.08 | 54.23 |
| P3 | 54.68 | 56.46 | 56.86 |
Support and Resistance Plot Chart for PEG
Long Term Trading Plans for PEG
November 13, 2018, 9:15 pm ET
The Technical Summary and Trading Plans for PEG help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this PEG Report.
PEG - (Long) Support Plan
Buy over 51.60 target 54.23 stop loss @ 51.34.
The technical summary data tells us to buy PEG near 51.60 with an upside target of 54.23. This data also tells us to set a stop loss @ 51.34 to protect against excessive loss in case the stock begins to move against the trade. 51.60 is the first level of support below 53.5 , and by rule, any test of support is a buy signal. In this case, support 51.60 would be being tested, so a buy signal would exist.
PEG - (Short) Resistance Plan
Short under 54.23 target 51.60 stop loss @ 54.49.
The technical summary data is suggesting a short of PEG as it gets near 54.23 with a downside target of 51.60. We should have a stop loss in place at 54.49 though. 54.23 is the first level of resistance above 53.5, and by rule, any test of resistance is a short signal. In this case, if resistance 54.23 is being tested, so a short signal would exist.
