Principal Financial Group Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Principal Financial Group Inc stock upgraded to Buy Candidate.
(Updated on Apr 24, 2024)
The Principal Financial Group Inc stock price gained 0.797% on the last trading day (Wednesday, 24th Apr 2024), rising from $81.51 to $82.16. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.11% from a day low at $80.61 to a day high of $82.31. The price has risen in 6 of the last 10 days and is up by 1.1% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 343 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $84.25 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.66% during the next 3 months and, with a 90% probability hold a price between $82.29 and $91.52 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PFG Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.00%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $82.23. On a fall, the stock will find some support from the short-term average at $80.16. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Principal Financial Group Inc stock
Principal Financial Group Inc finds support from accumulated volume at $80.51 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 $1.70 between high and low, or 2.11%. For the last week, the stock has had daily average volatility of 1.48%.
Since the Principal Financial Group Inc has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $78.18 (-4.84%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (PFG) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Principal Financial Group Inc to open at $81.69, and during the day (based on 14 day Average True Range), to move between $80.77 and $83.55, which gives a possible trading interval of +/-$1.39 (+/-1.69%) 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 3.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $82.25 (0.11%) than the support at $80.51 (2.01%), 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.
Earnings coming up
Principal Financial Group Inc will release earnings AMC on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.74. We will update the financials statements for Principal Financial Group Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.11% in the first trading day after earnings release.
Is Principal Financial Group Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Principal Financial Group Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.739 Buy Candidate Upgraded
Predicted Opening Price for Principal Financial Group Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $81.69 ( 0.568%) | $82.16 |
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 | 83.39 | 1.50 % | |
| R2 | 82.74 | 0.711 % | ||
| R1 | 82.34 | 0.222 % | ||
| Current price: | 82.16 | |||
| Support | S1 | 81.04 | -1.36 % | |
| S2 | 80.64 | -1.85 % | ||
| S3 | 79.99 | -2.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 84.49 | 2.84 % | |
| R2 | 82.55 | 0.475 % | ||
| R1 | 82.25 | 0.110 % | ||
| Current price | 82.16 | |||
| Support | S1 | 80.51 | -2.01% | |
| S2 | 79.97 | -2.67% | ||
| S3 | 79.26 | -3.53% |
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
Click here for our free guide on how to buy Principal Financial Group Inc Stock.
