Public Service Enterprise Group Inc (PEG)
The Public Service Enterprise Group (PSEG) is a publicly traded diversified energy company headquartered in Newark, New Jersey.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 45.31% per annum.
- PEG price at the close of May 7, 2025 was $79.79 and was lower than the bottom border of the primary price channel by $10.66 (11.78%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 16.19% per annum.
- PEG price at the close of May 7, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of PEG price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: August 3, 2023
End date: January 24, 2025
a = 2.7448
b = 0.0010
s = 0.0543
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0010) – 1
= 45.31%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0543) – 1
= 24.26%
August 3, 2023 calculations
Top border of price channel:
Exp(Y814)
= Exp(a + b × X814 + 2 × s)
= Exp(a + b × 1,182 + 2 × s)
= Exp(2.7448 + 0.0010 × 1,182 + 2 × 0.0543)
= Exp(4.0636)
= $58.19
Bottom border of price channel:
Exp(Y814)
= Exp(a + b × X814 – 2 × s)
= Exp(a + b × 1,182 – 2 × s)
= Exp(2.7448 + 0.0010 × 1,182 – 2 × 0.0543)
= Exp(3.8464)
= $46.83
January 24, 2025 calculations
Top border of price channel:
Exp(Y1,184)
= Exp(a + b × X1,184 + 2 × s)
= Exp(a + b × 1,722 + 2 × s)
= Exp(2.7448 + 0.0010 × 1,722 + 2 × 0.0543)
= Exp(4.6165)
= $101.14
Bottom border of price channel:
Exp(Y1,184)
= Exp(a + b × X1,184 – 2 × s)
= Exp(a + b × 1,722 – 2 × s)
= Exp(2.7448 + 0.0010 × 1,722 – 2 × 0.0543)
= Exp(4.3993)
= $81.40
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 45.31% per annum.
- PEG price at the close of May 7, 2025 was $79.79 and was lower than the bottom border of the primary price channel by $10.66 (11.78%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: September 23, 2024
End date: May 7, 2025
a = 5.2644
b = -0.0005
s = 0.0269
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0005) – 1
= -16.19%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0269) – 1
= 11.37%
September 23, 2024 calculations
Top border of price channel:
Exp(Y1,100)
= Exp(a + b × X1,100 + 2 × s)
= Exp(a + b × 1,599 + 2 × s)
= Exp(5.2644 + -0.0005 × 1,599 + 2 × 0.0269)
= Exp(4.5448)
= $94.14
Bottom border of price channel:
Exp(Y1,100)
= Exp(a + b × X1,100 – 2 × s)
= Exp(a + b × 1,599 – 2 × s)
= Exp(5.2644 + -0.0005 × 1,599 – 2 × 0.0269)
= Exp(4.4371)
= $84.53
May 7, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(5.2644 + -0.0005 × 1,825 + 2 × 0.0269)
= Exp(4.4355)
= $84.39
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(5.2644 + -0.0005 × 1,825 – 2 × 0.0269)
= Exp(4.3278)
= $75.78
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 16.19% per annum.
- PEG price at the close of May 7, 2025 was inside the secondary price channel.