RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PFG
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Principal Financial Group Inc stock price up 0.279% on Thursday
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 15, 2024 Gain 6.63% PDF

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.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

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.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Monday, February 05, 2024 with a target of $81.18. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.

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


# Declaration Date 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

What is the symbol for Principal Financial Group Inc Stock and on which exchange is it traded?
The symbol for Principal Financial Group Inc is PFG and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Principal Financial Group Inc Stock?
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.

How to buy Principal Financial Group Inc Stock?
Principal Financial Group Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Principal Financial Group Inc Stock.

What's the current price of Principal Financial Group Inc Stock?
As of the end of day on the 2024-03-28, the price of an Principal Financial Group Inc (PFG) share was $86.31.

What is the 52-week high and low for Principal Financial Group Inc Stock?
The 52-week high for Principal Financial Group Inc Stock is $86.77 and the 52-week low is $65.17.

What is the market capitalization of Principal Financial Group Inc Stock?
As of the 2024-03-28, the market capitalization of Principal Financial Group Inc is 20.358B.

When is the next earnings date for Principal Financial Group Inc?
The upcoming earnings date for Principal Financial Group Inc is Apr 25, 2024.
Click to get the best stock tips daily for free!

About Principal Financial Group Inc

Principal Financial Group Principal Financial Group, Inc. provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments. The Retirement and Income Solutions segment provides a portfolio of asset accumulation products and services for retirement ... PFG Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT