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- 6/26/2020 -
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Principal Financial Group (PFG)

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Summary:
Weekly :Stochastic signal line moved below overbought areaPrice is near the Fibonacci 38.2% retracement level
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Principal Financial Group (PFG). During the week, the PFG dropped -3.03 points, or -7.19%, and closed at 39.14 on Friday, June 26, 2020. Weekly volume was -10% below average.

Long-term trend: [See PFG long-term trend chart]
A long-term downtrend had started on July 26, 2019 at 60.80 and reached 23.31 on March 23, 2020. PFG lost 37.49 points, or 61.66%, in 34 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 9.79 and resistance is at 43.60. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See PFG medium-term trend chart]
A medium-term uptrend had started on March 23, 2020 at 23.31 and reached 49.34 on June 8, 2020. PFG gained -26.03 points, or -111.67%, in 11 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See PFG weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since May 22, 2020. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See PFG short-term trend chart]
A short-term downtrend had started on June 8, 2020 at 49.34 and reached 38.66 on June 26, 2020. PFG lost 10.68 points, or 21.65%, in 18 days. Price is near the trend low.

Daily Technical Indicators: [See PFG daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since June 11, 2020. This is an indication that the short-term trend is down.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.15
Williams' Percentage Range (W%R) 88.10
Oversold
Lane's Stochastic (%D-Slow) 18.47
Oversold
Greed/Fear Indicator (GFI) 18.82
Oversold
Moving Average Converg./Diverg. (MACD) 1.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.98
Williams' Percentage Range (W%R) 52.50
Lane's Stochastic (%D-Slow) 77.65
Greed/Fear Indicator (GFI) 60.82
Moving Average Converg./Diverg. (MACD) -4.05
Trading Signals
Description Value Chart
Upper Bollinger Band 46.49
Weekly Stochastic Crossing 44.54
Quarterly Trendline Resistance 43.60
Parabolic System 43.01
20 Day Moving Average 42.63
Daily Stochastic Crossing 39.61
Price 39.14
50 Day Moving Average 37.89
Lower Bollinger Band 35.73
Sector and Industry
Description Name Rank
Sector Financials 5
Industry Life & Health Insurance 27
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 45.40
High Date 06/16/2020
Low 38.66
Low Date 06/26/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 49.34
High Date 06/08/2020
Low 38.66
Low Date 06/26/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.31
Low Date 03/23/2020
High 49.34
High Date 06/08/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 43.60
Support 9.79
High 60.80
High Date 07/26/2019
Low 23.31
Low Date 03/23/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 75.58
High Date 01/29/2018
Low 23.31
Low Date 03/23/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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