Principal Financial Group Inc Stock Forecast
Principal Financial Group Inc stock price up 0.279% on Thursday
(Updated on Mar 28, 2024)
The Principal Financial Group Inc stock price gained 0.279% on the last trading day (Thursday, 28th Mar 2024), rising from $86.07 to $86.31. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.08% from a day low at $85.85 to a day high of $86.77. The price has risen in 8 of the last 10 days and is up by 7.2% 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, 127 thousand more shares were traded than the day before. In total, 906 thousand shares were bought and sold for approximately $78.16 million.
The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $85.55, a level that may pose a second chance to hit a runner. According to fan-theory $90.51 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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PFG Signals & Forecast
The Principal Financial Group Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $84.77 and $81.18. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 21, 2024, and so far it has risen 8.36%. 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 $82.55 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.92 (1.08%) between high and low. For the last week, the stock has had daily average volatility of 1.40%.
The Principal Financial Group Inc stock is extremely overbought on RSI14 (81). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: $82.53 (-4.38%) (This stock has low daily movements and this gives low risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (PFG) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Principal Financial Group Inc to open at $86.31, and during the day (based on 14 day Average True Range), to move between $85.01 and $87.61, which gives a possible trading interval of +/-$1.30 (+/-1.51%) 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 3.01% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $82.55, some $3.76 (4.36%) from the current price of $86.31, our system finds the risk reward attractive.
Is Principal Financial Group Inc stock A Buy?
Principal Financial Group Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Principal Financial Group Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$86.31 ( 0.0019%) | $86.31 |
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 | 87.23 | 1.07 % | |
R2 | 86.88 | 0.660 % | ||
R1 | 86.66 | 0.407 % | ||
Current price: | 86.31 | |||
Support | S1 | 85.95 | -0.411 % | |
S2 | 85.74 | -0.664 % | ||
S3 | 85.38 | -1.07 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 86.31 | |||
Support | S1 | 82.55 | -4.36% | |
S2 | 79.97 | -7.35% | ||
S3 | 79.26 | -8.17% |
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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