PEG Price Prediction Next Week
Stock Price Prediction for PEG
Based on the analysis of technical indicators and recent news sentiment, here is the prediction for PEG's stock price for the next trading week:
Technical Analysis:
- RSI: The RSI values (67.80 for RSI_6, 56.38 for RSI_12, and 54.45 for RSI_14) indicate a neutral position, suggesting no immediate overbought or oversold conditions.
- MACD: The MACD line (-0.26) is slightly below the signal line (0.51), indicating a potential bearish crossover, but the MACD histogram (-0.77) shows some upward momentum.
- Stochastic Oscillator: The StochK (92.73) and StochD (87.71) are in the overbought region, suggesting a possible pullback.
- Fibonacci Levels: The stock is currently trading near the first resistance level (83.18), with the next resistance at 84.79 and support at 78.00.
News Sentiment:
- PEG has been investing in infrastructure modernization, which is a positive sign for long-term growth. However, the company's poor solvency ratios remain a concern.
- PEG was included in Bank of America's list of 36 stocks recommended for weathering market downturns, indicating its resilience during economic uncertainty.
Price Prediction:
- Target Price: $84.50
- Recommendation: Buy, with a target price of $87.38 and a stop-loss at $78.00.
Conclusion:
PEG's stock is expected to trade around $84.50 next week, with a bullish bias due to its inclusion in BofA's resilient stocks list and recent investments in infrastructure. However, the overbought Stochastic Oscillator suggests a potential short-term pullback.
PEG Similar Chart Price Prediction
The price of PEG is predicted to go up -4.94%, based on the high correlation periods with ELV. The similarity of these two price pattern on the periods is 95.28%.
PEG
ELV
Down: -4.94%Similarity: 95.28%
PEG Revenue Forecast
PEG EPS Forecast
PEG FAQs
What is PEG revenue forecast for next quarter？
What is PEG eps forecast for next quarter？
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
David Arcaro
Morgan Stanley
Buy
2025-03-20
Price Target
$96 → $100
Upside
+20.05%
Morgan Stanley analyst David Arcaro raised the firm's price target on PSEG to $100 from $96 and keeps an Overweight rating on the shares. The firm is updating its price targets for North American Regulated and Diversified Utilities/IPPs, the analyst tells investors. In February, utilities outperformed the S&P's -1.30% return, the firm says. Key takeaways from the firm's annual Energy & Power Conference includes continued strong demand from data centers; regulatory uncertainty in power markets; renewables defense with safe harboring, equipment onshoring, and rising return levels; and new generation build challenges, the firm notes.
Paul Fremont
Ladenburg Thalmann
Strong Buy → Hold
2025-03-19
Price Target
n/a
Downside
0%
Neil Kalton
Wells Fargo
Buy
2025-02-26
Price Target
$100 → $95
Upside
+14.55%
