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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=9c477529db2857fdd0fe37e6230326b11249550d)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=9c477529db2857fdd0fe37e6230326b11249550d)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=9c477529db2857fdd0fe37e6230326b11249550d)
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
Green day on Tuesday for Principal Financial Group Inc
(Updated on Jul 02, 2024)
The Principal Financial Group Inc stock price gained 1.60% on the last trading day (Tuesday, 2nd Jul 2024), rising from $78.01 to $79.26. During the last trading day the stock fluctuated 1.79% from a day low at $78.03 to a day high of $79.42. The price has fallen in 6 of the last 10 days but is still up by 1.79% 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, 246 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $90.28 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.82% during the next 3 months and, with a 90% probability hold a price between $72.53 and $80.33 at the end of this 3-month period.
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PFG Signals & Forecast
There are mixed signals in the stock today. 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 $79.39 and $80.61. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 3.39%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Principal Financial Group Inc stock
Principal Financial Group Inc finds support from accumulated volume at $79.12 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.40 between high and low, or 1.79%. For the last week the stock has had daily average volatility of 1.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PFG) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Principal Financial Group Inc to open at $78.90, and during the day (based on 14 day Average True Range), to move between $77.86 and $80.66, which gives a possible trading interval of +/-$1.40 (+/-1.76%) 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 3.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $79.38 (0.15%) than the support at $79.12 (0.18%), 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 we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.335 Sell Candidate Unchanged
Predicted Opening Price for Principal Financial Group Inc of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$78.90 ( 0.452%) | $79.26 |
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 | |
---|---|---|
R3 | 80.30 | 1.31% |
R2 | 79.76 | 0.636% |
R1 | 79.43 | 0.220% |
Price | 79.26 | |
S1 | 78.37 | -1.12% |
S2 | 78.04 | -1.54% |
S3 | 77.51 | -2.21% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 82.04 | 3.51% |
R2 | 80.25 | 1.25% |
R1 | 79.38 | 0.151% |
Price | 79.26 | |
S1 | 79.12 | -0.177% |
S2 | 78.45 | -1.02% |
S3 | 78.26 | -1.26% |
PFG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 25, 2024 | Jun 03, 2024 | Jun 27, 2024 | $0.710 | 0.89% |
2 | Feb 09, 2024 | Mar 11, 2024 | Mar 28, 2024 | $0.690 | 0.799% |
3 | Oct 26, 2023 | Nov 30, 2023 | Dec 20, 2023 | $0.670 | 0.86% |
4 | Jul 26, 2023 | Sep 06, 2023 | Sep 29, 2023 | $0.650 | 0.90% |
5 | Apr 26, 2023 | May 31, 2023 | Jun 30, 2023 | $0.640 | 0.84% |
FAQ
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