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Archive
- 4/19/2024 -
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Principal Financial Group (PFG) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a first positive week for the Principal Financial Group (PFG). During the week, the PFG climbed 0.62 points, or 0.78%, and closed at 80.44 on Friday, April 19, 2024. Weekly volume was -24% 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 (67.44) 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 chart has formed a Rising Wedge chart pattern. The uptrend support line (83.26) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. PFG may retest the broken support line. It is considered to be a resistance line now. 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 medium-term trend.
 Weekly Technical Indicators: [See PFG weekly technical indicators chart]
Weekly technical indicators are neutral.
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 and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See PFG short-term trend chart]
A short-term downtrend had started on April 4, 2024 at 86.79 and reached 77.83 on April 16, 2024. PFG lost 8.96 points, or 10.32%, in 12 days. The price is now at the 29.13% retracement level.
 Daily Technical Indicators: [See PFG daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 daily MACD line is below its signal line since April 4, 2024. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (80.57) comes close to the price (80.44). It indicates that the trend is getting weaker. 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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