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Downtrend Broken Resist.Archive
- 4/5/2024 -
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Prudential Financial (PRU) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Prudential Financial (PRU). During the week, the PRU dropped -1.69 points, or -1.44%, and closed at 115.71 on Friday, April 5, 2024. It was the worst weekly loss since February 2, 2024. Weekly volume was -34% below average.
PRU 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 PRU long-term trend chart]
A long-term downtrend had started on February 10, 2022 at 124.22 and reached 75.37 on March 24, 2023. PRU lost 48.85 points, or 39.33%, in 58 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (54.07) 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 PRU medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 87.95 and reached 118.69 on April 4, 2024. PRU gained -30.74 points, or -34.95%, in 22 weeks. The price is now at the 9.69% retracement level.
 Weekly Technical Indicators: [See PRU weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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. Use the following link to access a MACD help.
 Short-term trend: [See PRU short-term trend chart]
A short-term uptrend had started on February 1, 2024 at 100.60 and reached 118.69 on April 4, 2024. PRU gained -18.09 points, or -17.98%, in 63 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (115.90) is broken. A broken support is considered to be a long-term bearish 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 support in a short-term trend.
 Daily Technical Indicators: [See PRU 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. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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.
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