Principal Financial Group Inc Stock Forecast
Principal Financial Group Inc stock price down 2.39% on Friday
(Updated on Apr 26, 2024)
The Principal Financial Group Inc stock price fell by -2.39% on the last day (Friday, 26th Apr 2024) from $81.06 to $79.12. During the last trading day the stock fluctuated 3.08% from a day low at $77.26 to a day high of $79.64. The price has risen in 6 of the last 10 days but is still down by -0.88% for this period. Volume has increased on the last day by 468 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $110.62 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $78.71 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.26% during the next 3 months and, with a 90% probability hold a price between $82.06 and $91.19 at the end of this 3-month period.
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PFG Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.11%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Principal Financial Group Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $80.66 and $82.22. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Principal Financial Group Inc stock
Principal Financial Group Inc finds support from accumulated volume at $78.94 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.38 between high and low, or 3.08%. For the last week, the stock has had daily average volatility of 1.96%.
Our recommended stop-loss: $75.04 (-5.15%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (PFG) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Principal Financial Group Inc to open at $78.67, and during the day (based on 14 day Average True Range), to move between $77.53 and $80.71, which gives a possible trading interval of +/-$1.59 (+/-2.01%) up or down from last closing price. If Principal Financial Group Inc takes out the full calculated possible swing range there will be an estimated 4.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $79.26 (0.18%) than the support at $78.94 (0.23%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Principal Financial Group Inc stock A Buy?
Principal Financial Group Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.331 Hold/Accumulate Unchanged
Predicted Opening Price for Principal Financial Group Inc of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$78.67 ( 0.563%) | $79.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PFG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 81.05 | 2.44 % | |
R2 | 80.14 | 1.29 % | ||
R1 | 79.58 | 0.584 % | ||
Current price: | 79.12 | |||
Support | S1 | 77.77 | -1.71 % | |
S2 | 77.21 | -2.42 % | ||
S3 | 76.30 | -3.57 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 82.55 | 4.34 % | |
R2 | 79.97 | 1.07 % | ||
R1 | 79.26 | 0.177 % | ||
Current price | 79.12 | |||
Support | S1 | 78.94 | -0.228% | |
S2 | 78.69 | -0.543% | ||
S3 | 78.11 | -1.28% |
PFG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 09, 2024 | Mar 11, 2024 | Mar 28, 2024 | $0.690 | 0.799% |
2 | Oct 26, 2023 | Nov 30, 2023 | Dec 20, 2023 | $0.670 | 0.86% |
3 | Jul 26, 2023 | Sep 06, 2023 | Sep 29, 2023 | $0.650 | 0.90% |
4 | Apr 26, 2023 | May 31, 2023 | Jun 30, 2023 | $0.640 | 0.84% |
5 | Jan 27, 2023 | Mar 14, 2023 | Mar 31, 2023 | $0.640 | 0.86% |
FAQ
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