The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 7/3/2025 -
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Prudential Financial (PRU) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overbought
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It was a third consecutive positive week for the Prudential Financial (PRU). During the week, the PRU gained 1.95 points, or 1.82%, and closed at 109.08 on Thursday, July 3, 2025. Weekly volume was -15% 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 uptrend had started on March 23, 2020 at 38.62 and reached 130.60 on November 27, 2024. PRU gained -91.98 points, or -238.17%, in 244 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 103.04 and resistance is at 131.93. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See PRU medium-term trend chart]
A medium-term downtrend had started on November 27, 2024 at 130.60 and reached 90.38 on April 7, 2025. PRU lost 40.22 points, or 30.80%, in 18 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (93.20) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. PRU may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See PRU weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since June 6, 2025. 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 May 23, 2025 at 100.00 and reached 109.99 on July 3, 2025. PRU gained -9.99 points, or -9.99%, in 41 days. The chart has formed a Broadening Ascending Wedge chart pattern.

Daily Technical Indicators: [See PRU daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. 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 above its signal line since June 20, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.62
Williams' Percentage Range (W%R) 17.80
Overbought
Lane's Stochastic (%D-Slow) 87.31
Overbought
Greed/Fear Indicator (GFI) 78.38
Moving Average Converg./Diverg. (MACD) 0.66
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.79
Williams' Percentage Range (W%R) 30.70
Lane's Stochastic (%D-Slow) 73.69
Greed/Fear Indicator (GFI) 67.05
Moving Average Converg./Diverg. (MACD) -3.45
Trading Signals
Description Value Chart
Upper Bollinger Band 109.69
Daily Stochastic Crossing 109.42
Price 109.08
Weekly Stochastic Crossing 107.79
20 Day Moving Average 105.80
Monthly Trendline Resistance 105.28
Parabolic System 105.10
50 Day Moving Average 104.72
Yearly Trendline Support 103.04
Lower Bollinger Band 102.70
Monthly Trendline Support 93.20
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Life & Health Insurance 51
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 100.00
Low Date 05/23/2025
High 109.99
High Date 07/03/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 90.38
Low Date 04/07/2025
High 109.99
High Date 07/03/2025
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 105.28
Support 93.20
High 130.60
High Date 11/27/2024
Low 90.38
Low Date 04/07/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 75.37
Low Date 03/24/2023
High 130.60
High Date 11/27/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 131.93
Support 103.04
Low 38.62
Low Date 03/23/2020
High 130.60
High Date 11/27/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.