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Pacific Gas & Electric Co (PCG) “On a long-term technical basis, the stock (PCG) is trading below its 200-day moving average which implies it is in a negative trend. However, the stock has broken up through an important long-term resistance level at 10.55 suggesting the long-term down trend could be turning neutral. If this new level of support at 10.55 holds, look for a move higher to the next resistance level at 13.76.
The stock has support at 10.55 and 9.98. If the stock breaks down through support at 10.55 then it will probably continue lower to 9.98. The stock has resistance at 12.29 and at 13.76. If the stock breaks up through resistance at 12.29 then it will probably continue higher to 13.76. The 200-day moving average is at 15.25. This will also act as resistance. The stock is extremely overbought according to the Stochastic Indicator (85.00).”
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