The latest close for PUBLIC SERVICE ENTERPRISE GROUP INC (PEG) came in at 80.15 (+0.56%). Short-term recovery is improving, but long-term repair is still ongoing. Momentum stays positive (+4.85%), with 52W position: 27% of range, while Volatility: ATR14 1.92%. RSI(14) is 56.0, leaving momentum in a fairly neutral range. RSI has been trending higher in recent sessions, indicating improving momentum conditions. MACD remains above its signal line, which keeps the momentum structure biased to the upside. The MACD histogram is positive and expanding, pointing to improving upside momentum.
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Setup:
Pattern
Triangle compression remains the main pattern under review.
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Key levels:
A recent downtrend break is now confirmed, which means the longer-term falling resistance has already been reclaimed and the structure has shifted from compression toward continuation.
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Key levels:
Near-term structure is defined by support at 79.50 and resistance at 81.02.
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Trigger:
A clean break above resistance would strengthen the chart, while a loss of support would put the current setup under pressure.