Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

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 PRU
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Green day on Thursday for Prudential Financial Inc
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 07, 2024 Gain 7.58% PDF

The Prudential Financial Inc stock price gained 0.325% on the last trading day (Thursday, 28th Mar 2024), rising from $117.02 to $117.40. 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 0.717% from a day low at $117.08 to a day high of $117.92. The price has risen in 9 of the last 10 days and is up by 5.07% over the past 2 weeks. Volume fell on the last day by -104 thousand shares and in total, 1 million shares were bought and sold for approximately $138.27 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock has broken the strong 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 $116.70, a level that may pose a second chance to hit a runner. According to fan-theory $122.27 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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PRU Signals & Forecast

The Prudential Financial 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 $115.93 and $110.49. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 26, 2024, and so far it has risen 9.67%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation

Support, Risk & Stop-loss for Prudential Financial Inc stock

Prudential Financial Inc finds support from accumulated volume at $111.74 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 $0.84 (0.717%) between high and low. For the last week, the stock has had daily average volatility of 1.06%.

The Prudential Financial Inc stock is extremely overbought on RSI14 (80). 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: $112.33 (-4.32%) (This stock has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (PRU) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Prudential Financial Inc to open at $117.47, and during the day (based on 14 day Average True Range), to move between $115.80 and $119.00, which gives a possible trading interval of +/-$1.60 (+/-1.37%) up or down from last closing price. If Prudential Financial Inc takes out the full calculated possible swing range there will be an estimated 2.73% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $111.74, some $5.66 (4.82%) from the current price of $117.40, our system finds the risk reward attractive.

Is Prudential Financial Inc stock A Buy?

Prudential Financial 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 Prudential Financial Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$117.47 ( 0.0568%) $117.40

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PRU

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 118.31 0.772 %
R2 117.99 0.499 %
R1 117.79 0.330 %
Current price: 117.40
Support S1 117.15 -0.217 %
S2 116.95 -0.385 %
S3 116.63 -0.659 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 117.40
Support S1 111.74 -4.82%
S2 109.13 -7.04%
S3 105.58 -10.07%

PRU Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 06, 2024 Feb 16, 2024 Mar 14, 2024 $1.30 1.16%
2 Nov 07, 2023 Nov 20, 2023 Dec 14, 2023 $1.25 1.19%
3 Aug 08, 2023 Aug 21, 2023 Sep 14, 2023 $1.25 1.26%
4 May 09, 2023 May 22, 2023 Jun 15, 2023 $1.25 1.44%
5 Feb 07, 2023 Feb 17, 2023 Mar 16, 2023 $1.25 1.52%

FAQ

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

Should I buy or sell Prudential Financial Inc Stock?
Prudential Financial 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 Prudential Financial Inc Stock?
Prudential Financial 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 Prudential Financial Inc Stock.

What's the current price of Prudential Financial Inc Stock?
As of the end of day on the 2024-03-28, the price of an Prudential Financial Inc (PRU) share was $117.40.

What is the 52-week high and low for Prudential Financial Inc Stock?
The 52-week high for Prudential Financial Inc Stock is $117.92 and the 52-week low is $77.22.

What is the market capitalization of Prudential Financial Inc Stock?
As of the 2024-03-28, the market capitalization of Prudential Financial Inc is 41.579B.

When is the next earnings date for Prudential Financial Inc?
The upcoming earnings date for Prudential Financial Inc is May 07, 2024.
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About Prudential Financial Inc

Prudential Financial Prudential Financial, Inc., together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through eight segments: PGIM, Retirement, Group Insurance, Individual Annuities, Individual Life, Assurance IQ, International Businesses, and Closed Block. The company offers investment management services and solutions related to public fixed income,... PRU Profile

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