Wed 17'th Oct 2018
Prudential Financial Inc Stock Analysis
Technical stock analysis for Wed 17'th Oct 2018
|Shorts||1.90% ( 2018-09-28 )|
|Loans||41 098.0 mill|
Prudential Financial Inc gained 1.91% in the last trading day, rising from $97.83 to $99.70 , and has now gained 3 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. The price has fallen in 6 of the last 10 days and is down by -2.67% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.73 million more shares were traded than the day before. In total, 2.44 million shares bought and sold for approximately $243.66 million.
Prudential Financial Inc lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.33% during the next 3 months and, with 90% probability hold a price between $101.76 and $111.08 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday October 15, 2018, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Prudential Financial Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $100.22 and $100.70. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 46 and the stock is currently not being overbought or oversold
Support & Resistance
Prudential Financial Inc finds support from accumulated volume at $99.67.
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 $3.15 (3.22%) between high and low. For the last week, the stock has had a daily average volatility of 2.82%.
Our recommended stoploss: $94.19 (-5.53%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
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Prudential Financial Inc holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development.Click for Top 5 Hold/Accumulates
|PRU $99.70 $1.87(1.91%)|
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