Principal Financial Group Inc Stock Forecast
Principal Financial Group Inc stock upgraded to Hold/Accumulate.
(Updated on Apr 15, 2024)
The Principal Financial Group Inc stock price fell by -1.12% on the last day (Monday, 15th Apr 2024) from $79.82 to $78.93. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 3.08% from a day low at $78.58 to a day high of $81.00. The price has fallen in 8 of the last 10 days and is down by -8.23% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -207 thousand shares and in total, 748 thousand shares were bought and sold for approximately $59.08 million.
Given the current short-term trend, the stock is expected to rise 7.41% during the next 3 months and, with a 90% probability hold a price between $84.78 and $93.85 at the end of this 3-month period.
PFG Signals & Forecast
There are few to no technical positive signals at the moment. 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 $81.74 and $82.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -8.55%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Principal Financial Group Inc stock
Principal Financial Group Inc finds support from accumulated volume at $78.69 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 $2.42 (3.08%) between high and low. For the last week, the stock has had daily average volatility of 2.17%.
Principal Financial Group Inc is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $74.13 (-6.08%) (This stock has low daily movements and this gives low risk. Low RSI14 is 23 which reduces the risk some. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (PFG) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Principal Financial Group Inc to open at $79.50, and during the day (based on 14 day Average True Range), to move between $77.46 and $80.40, which gives a possible trading interval of +/-$1.47 (+/-1.87%) 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 3.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $78.69 (0.30%) than the resistance at $79.26 (0.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Principal Financial Group Inc stock A Buy?
Principal Financial Group Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.287 Hold/Accumulate Upgraded
Predicted Opening Price for Principal Financial Group Inc of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $79.50 ( 0.725%) | $78.93 |
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 | 81.92 | 3.79 % | |
| R2 | 81.00 | 2.62 % | ||
| R1 | 80.43 | 1.90 % | ||
| Current price: | 78.93 | |||
| Support | S1 | 78.58 | -0.445 % | |
| S2 | 78.01 | -1.17 % | ||
| S3 | 77.09 | -2.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 82.55 | 4.59 % | |
| R2 | 79.97 | 1.32 % | ||
| R1 | 79.26 | 0.418 % | ||
| Current price | 78.93 | |||
| Support | S1 | 78.69 | -0.304% | |
| S2 | 78.32 | -0.773% | ||
| S3 | 78.11 | -1.04% |
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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