The volume for PG&E (PCG) increased for one day, resulting in a record-breaking daily growth of 249%
On April 4th, 2023, PG&E Corporation's (PCG) stock exhibited a remarkable increase in its trading volume. According to the data, the volume on that day was 249% higher than the 65-day moving average volume, resulting in a new daily record of 52M shares traded. However, the stock's price only increased by 0.83%, leaving its price at $16.96, which is relatively insignificant compared to the volume change.
The rise in trading volume could indicate a shift in the stock's trend, which could be beneficial for investors. In this case, it could be a buy signal for traders. The A.I.visor found 14 similar instances in the past, and 13 of them resulted in successful trades. This analysis suggests that the odds of success for investors are around 90%.
Furthermore, the 10-day moving average for PCG crossed bullishly above the 50-day moving average on April 04, 2023. This is a significant signal that the trend has shifted higher, indicating a potential buy opportunity. In 14 of 16 past cases when the 10-day moving average crossed above the 50-day moving average, the stock continued to move higher over the following month. This analysis indicates that the odds of a continued upward trend are around 88%.
Looking at the earnings results of PCG, we see that the company has reported better-than-expected results for the previous quarter. PCG reported earnings of $0.23 per share, which beat the consensus estimate of $0.20 per share. The company also reported revenue of $4.89 billion, which exceeded the expected $4.74 billion.
The company's improved financial results are a positive sign for investors, indicating that the company is moving in the right direction. Moreover, the company's stock price has been trending higher since the beginning of the year, which is a good sign for investors.
The increase in trading volume for PCG's stock on April 4th, 2023, is a positive signal for traders, indicating a potential shift in the stock's trend. Moreover, the bullish crossover of the 10-day moving average above the 50-day moving average further confirms the upward trend. Finally, the company's better-than-expected earnings results and positive stock price trend make PCG a potentially attractive investment opportunity for traders.
PCG in downward trend: price dove below 50-day moving average on May 22, 2023
PCG moved below its 50-day moving average on May 22, 2023 date and that indicates a change from an upward trend to a downward trend. In of 39 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 15, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on PCG as a result. In of 98 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for PCG turned negative on May 04, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .
The 10-day moving average for PCG crossed bearishly below the 50-day moving average on May 26, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PCG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where PCG's RSI Indicator exited the oversold zone, of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PCG advanced for three days, in of 303 cases, the price rose further within the following month. The odds of a continued upward trend are .
PCG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 237 cases where PCG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. PCG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.473) is normal, around the industry mean (1.729). P/E Ratio (18.553) is within average values for comparable stocks, (42.650). Projected Growth (PEG Ratio) (1.442) is also within normal values, averaging (2.855). PCG has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.051). P/S Ratio (1.594) is also within normal values, averaging (3.375).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PCG’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 69, placing this stock worse than average.
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