PCG Price Prediction Next Week
Technical Analysis
PCG's technical indicators show a bearish divergence in the MACD, with the RSI approaching overbought territory at 68. The stock is currently trading near its upper Bollinger Band, suggesting potential resistance.
News Sentiment Analysis Recent news highlights PG&E's continued infrastructure investments and wildfire mitigation efforts. The company's commitment to underground power lines has received positive market response, though concerns about rising interest rates could impact utility stocks negatively.
Price Prediction for Next Week Based on technical analysis and current market conditions:
- Current Price: $16.85
- Resistance Level: $17.20
- Support Level: $16.40
- Target Price Range: $16.20 - $16.60
Recommendation SELL. Technical indicators suggest PCG is likely to experience a short-term pullback. The stock appears overextended at current levels, and utility stocks typically face pressure in rising rate environments. Optimal selling point would be if the stock touches $17.00-$17.20 range early in the week.
Target exit points:
- Entry: Current level ($16.85)
- Stop loss: $17.30
- Price target: $16.20
PCG Similar Chart Price Prediction
The price of PCG is predicted to go up -8.56%, based on the high correlation periods with RENT. The similarity of these two price pattern on the periods is 94.74%.
PCG
RENT
Down: -8.56%Similarity: 94.74%
PCG Revenue Forecast
PCG EPS Forecast
PCG FAQs
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PCG VS S&P500
California's utility rate regulation is highly constructive with usage-decoupled revenue, annual rate true-up adjustments, and forward-looking rate setting.
Regulators continue to support the company's investments in grid modernization, electric vehicles, and renewable energy to meet the state's progressive energy policies.
State legislation passed in August 2018 and mid-2019 should help limit shareholder losses if PG&E faces another round of wildfire liabilities.
PCG Analyst's Forecast
Stephen Byrd
Morgan Stanley
Hold → Sell
2025-02-14
Price Target
$20 → $17
Upside
+7.91%
JPMorgan analyst Richard Sunderland assumed coverage of PG&E with an Overweight rating and $22 price target. With the shares having significantly underperforming year-to-date following recent wildfires in southern California, the pure-play California investor-owned utility has returned to valuations discounts last seen in 2021-2022, the analyst tells investors in a research note. The firm highlights PG&E's lack of exposure to the January 2025 wildfires. As such, the share selloff screens as overdone given the company's years of mitigation work, prudency review, and continued availability of the fire fund today, though the path to re-rate may take time over 2025, the analyst tells investors in a research note.
Richard Sunderland
JP Morgan
Buy
2025-02-12
Price Target
$22
Upside
+37.24%
Gregg Orrill
UBS
Strong Buy
2025-01-30
Price Target
$24 → $22
Upside
+40.22%
