When the Price of Public Service Enterprise Group Incorporated $PEG Talks, People Listen
November 16, 2023, 06:00 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PEG
- Buy PEG slightly over 61.36 target 64.37 stop loss @ 61.18 Details
The technical summary data tells us to buy PEG near 61.36 with an upside target of 64.37. This data also tells us to set a stop loss @ 61.18 to protect against excessive loss in case the stock begins to move against the trade. 61.36 is the first level of support below 62.88 , and by rule, any test of support is a buy signal. In this case, support 61.36 is being tested, a buy signal would exist.
- Short PEG slightly under 64.37, target 61.36, stop loss @ 64.56 Details
The technical summary data is suggesting a short of PEG as it gets near 64.37 with a downside target of 61.36. We should have a stop loss in place at 64.56though. 64.37 is the first level of resistance above 62.88, and by rule, any test of resistance is a short signal. In this case, if resistance 64.37 is being tested, a short signal would exist.
Swing Trading Plans for PEG
- Buy PEG slightly over 63.06, target 64.37, Stop Loss @ 62.88 Details
If 63.06 begins to break higher, the technical summary data tells us to buy PEG just slightly over 63.06, with an upside target of 64.37. The data also tells us to set a stop loss @ 62.88 in case the stock turns against the trade. 63.06 is the first level of resistance above 62.88, and by rule, any break above resistance is a buy signal. In this case, 63.06, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short PEG slightly near 63.06, target 61.36, Stop Loss @ 63.24. Details
The technical summary data is suggesting a short of PEG if it tests 63.06 with a downside target of 61.36. We should have a stop loss in place at 63.24 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 63.06, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for PEG
- Buy PEG slightly over 63.06, target 63.51, Stop Loss @ 62.91 Details
If 63.06 begins to break higher, the technical summary data tells us to buy PEG just slightly over 63.06, with an upside target of 63.51. The data also tells us to set a stop loss @ 62.91 in case the stock turns against the trade. 63.06 is the first level of resistance above 62.88, and by rule, any break above resistance is a buy signal. In this case, 63.06, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short PEG slightly near 63.06, target 62.49, Stop Loss @ 63.21. Details
The technical summary data is suggesting a short of PEG if it tests 63.06 with a downside target of 62.49. We should have a stop loss in place at 63.21 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 63.06, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Public Service Enterprise Group Incorporated (PEG) available here: PEG.
PEG Ratings for November 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
58.05 |
| P2 |
62.49 |
61 |
61.36 |
| P3 |
63.51 |
63.06 |
64.37 |
AI Generated Signals for PEG
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Public Service Enterprise Group Incorporated (NYSE: PEG) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for PEG can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for PEG:
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