The Greedy Trader Weekly Analysis
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Archive
- 6/7/2019
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Principal Financial Group
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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Lane's Stochastic is overbought20 Day Moving Average has crossed below the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week after 4 consecutive negative weeks for the Principal Financial Group (PFG). During the week, the PFG gained 3.80 points, or 7.37%, and closed at 55.37 on Friday, June 7, 2019. It was the best weekly gain since January 18, 2019. Weekly volume was -23% below average.

PFG is a member of Financial Sector. Financial is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See PFG long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 5.41 and reached 75.58 on January 29, 2018. PFG gained -70.17 points, or -1297.04%, in 464 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 47.26 and resistance is at 82.48. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See PFG medium-term trend chart]
A medium-term downtrend had started on January 29, 2018 at 75.58 and reached 40.42 on December 26, 2018. PFG lost 35.16 points, or 46.52%, in 47 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (31.86) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. PFG may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See PFG weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since January 18, 2019. Use the following link to access a MACD help.

Short-term trend: [See PFG short-term trend chart]
A short-term uptrend had started on June 3, 2019 at 51.36 and reached 55.66 on June 7, 2019. PFG gained -4.30 points, or -8.37%, in 4 days. The price is now at the 6.74% retracement level.

Daily Technical Indicators: [See PFG daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. 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.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.08
Williams' Percentage Range (W%R) 27.60
Lane's Stochastic (%D-Slow) 81.34
Overbought
Greed/Fear Indicator (GFI) 68.94
Moving Average Converg./Diverg. (MACD) -0.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.13
Williams' Percentage Range (W%R) 24.50
Lane's Stochastic (%D-Slow) 64.65
Greed/Fear Indicator (GFI) 65.05
Moving Average Converg./Diverg. (MACD) 0.57
Trading Signals
Description Value Chart
Upper Bollinger Band 56.59
Price 55.37
Daily Stochastic Crossing 55.30
Weekly Stochastic Crossing 55.27
50 Day Moving Average 54.59
20 Day Moving Average 54.53
Lower Bollinger Band 52.57
Parabolic System 52.00
Yearly Trendline Support 47.26
Quarterly Trendline Resistance 45.06
Sector and Industry
Description Name Rank
Sector Financial 9
Industry Asset Management 107
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 51.36
Low Date 06/03/2019
High 55.66
High Date 06/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 57.94
High Date 04/29/2019
Low 51.36
Low Date 06/03/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 40.42
Low Date 12/26/2018
High 57.94
High Date 04/29/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 45.06
Support 31.86
High 75.58
High Date 01/29/2018
Low 40.42
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 82.48
Support 47.26
Low 5.41
Low Date 03/09/2009
High 75.58
High Date 01/29/2018
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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