|
|
Archive
- 4/5/2024 -
Sign In to see current Signals. |
Principal Financial Group (PFG) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Principal Financial Group (PFG). During the week, the PFG dropped -1.80 points, or -2.09%, and closed at 84.51 on Friday, April 5, 2024. It was the worst weekly loss since February 2, 2024. Weekly volume was -17% below average.
PFG is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See PFG long-term trend chart]
A long-term downtrend had started on November 11, 2022 at 96.17 and reached 65.17 on May 31, 2023. PFG lost 31.00 points, or 32.23%, in 28 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (67.34) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See PFG medium-term trend chart]
A medium-term uptrend had started on October 25, 2023 at 66.21 and reached 86.79 on April 4, 2024. PFG gained -20.58 points, or -31.08%, in 23 weeks. The price is now at the 11.08% retracement level.
 Weekly Technical Indicators: [See PFG weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 24, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
Short-term trend: [See PFG short-term trend chart]
A short-term uptrend had started on February 1, 2024 at 75.65 and reached 86.79 on April 4, 2024. PFG gained -11.14 points, or -14.73%, in 63 days. The price is now at the 20.47% retracement level.
 Daily Technical Indicators: [See PFG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
| |
|
|