PEG Price Prediction Next Week
Technical Analysis: PEG is currently showing mixed signals in the short term. The RSI-14 at 46.19 indicates neutral momentum, while the MACD line at -0.29 with a positive histogram of 0.18 suggests a potential bullish crossover forming. The stock is trading between its Bollinger Bands with a relatively neutral position (BBP at 0.51).
Price Levels and Support/Resistance:
- Current price: $83.96
- Key resistance levels: R1: $85.77, R2: $86.69, R3: $88.19
- Key support levels: S1: $82.77, S2: $81.85, S3: $80.35
- Fibonacci pivot: $84.27
News Impact Analysis:
- PEG is scheduled to announce Q4 earnings on February 25th (tomorrow) before market open
- Analysts expect:
- Revenue: $2.56 billion
- EPS: $0.84 per share
- Insider trading activity shows concerning signals with 12 sales and no purchases in the past 6 months
- Institutional investors show mixed sentiment with 562 adding positions and 517 reducing
Price Prediction for Next Week: Based on technical indicators and upcoming earnings:
- Bullish scenario (30% probability): Break above R1 $85.77 post-earnings
- Bearish scenario (45% probability): Test S1 $82.77 or lower
- Base scenario (25% probability): Consolidation between $82.77-$84.27
Trading Recommendation: SELL
- Current negative momentum and insider selling activity suggest downside risks
- Upcoming earnings event adds uncertainty
- Target price: $82.77 (S1 level)
- Stop loss: $85.77 (R1 level)
PEG Similar Chart Price Prediction
The price of PEG is predicted to go up -3.76%, based on the high correlation periods with KAR. The similarity of these two price pattern on the periods is 95.23%.
PEG
KAR
Down: -3.76%Similarity: 95.23%
PEG Revenue Forecast
PEG EPS Forecast
PEG FAQs
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PEG VS S&P500
PSEG has paid a dividend every year since 1907 and accelerated dividend growth the last two years. We expect dividend growth to continue in line with earnings growth.
PSEG has established strong regulatory relationships that support what we think could be $20 billion of capital investment during the next five years.
New Jersey's aggressive clean energy goals should result in many infrastructure growth opportunities for PSEG.
PEG Analyst's Forecast
Neil Kalton
Wells Fargo
Buy
2025-02-26
Price Target
$100 → $95
Upside
+14.55%
Wells Fargo lowered the firm's price target on PSEG to $95 from $100 and keeps an Overweight rating on the shares. The firm highlights positive 2025 EPS guidance and 5-year outlook, with the company affirming the 5%-7% CAGR off of a higher base. While there are no updates on the nuclear data center/contract strategy, the thesis remains very much intact, Wells says.
Nicholas Campanella
Barclays
Buy
2024-11-05
Price Target
$98 → $88
Upside
+5.04%
Neil Kalton
Wells Fargo
Buy
2024-10-16
Price Target
$85 → $100
Upside
+10.85%
