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Where Will PG&E Stock Go in the Future?

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Updated

Chart indicators

Now let’s look at where PG&E (PCG) stock could go in the future. On February 7, 2017, it was trading at a 2% premium to its 50-day moving average while on par with its 200-day moving average. The stock’s 50-DMA near $60.50 may now act as a support in the short term.

Moving averages show that when a stock price rises above or falls below a particular moving average, it’s a bullish or bearish sign, respectively.

PCG dma

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Relative strength index

Currently, PCG’s RSI (relative strength index) stands at 58. The RSI is a momentum indicator made up of values between 0 and 100. Movements below 30 are considered to be in the “oversold” zone. Movements above 70 are considered to be in the “overbought” zone. RSI values can hint at imminent reversals in stock prices.

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