PFG Forecast and Technical Stock AnalysisBuy candidate since 2019-07-18
Principal Financial Group Inc gained 2.23% in the last trading day ( Thursday, 18th Jul 2019 ), rising from $58.40 to $59.70 During day the stock fluctuated 2.52% from a day low at $58.31 to a day high of $59.78. The price has risen in 6 of the last 10 days and is up by 1.79% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.51 million more shares were traded than the day before. In total, 1.44 million shares bought and sold for approximately $86.07 million.
- 30 day high of the PFG stock price was $59.78 and low was $54.87.
- 90 day high was $59.78 and low was $51.36.
- 52 week high for the Principal Financial Group Inc - $61.12 and low - $40.42.
Principal Financial Group Inc lies in the upper part of a wide and weak rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $60.14 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 5.16% during the next 3 months and, with 90% probability hold a price between $55.91 and $63.24 at the end of this period.
Only positive signals in the chart today. Principal Financial Group Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $58.74 and $56.65. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday July 02, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 67 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
Principal Financial Group Inc finds support from accumulated volume at $57.63.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.47 (2.52%) between high and low. For the last week, the stock has had a daily average volatility of 1.66%.
Our recommended stoploss: $56.57 (-5.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 11 days ago.)
1.66 %Average volatility
Very Low Low Medium High Very High
Principal Financial Group Inc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Strong Buy Candidate.
|PFG $59.70 ($1.30 2.23%)|
PFG is up $1.30 today, but where's it headed in 2019?
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