The Greedy Trader Weekly Analysis
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Archive
- 8/9/2019 -
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Principal Financial Group (PFG)

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Summary:
Weekly :Stochastic signal line moved below overbought areaBroken trend resistance lineTrend support at 54.38
Daily :
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It was the negative week for the Principal Financial Group (PFG). During the week, the PFG gave back -0.30 points, or -0.54%, and closed at 54.99 on Friday, August 9, 2019. Weekly volume was -18% below average.

Long-term trend: [See PFG long-term trend chart]
A long-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 (27.92) is broken. A broken support is considered to be a long-term bullish signal. 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 long-term trend.

Medium-term trend: [See PFG medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 40.42 and reached 60.80 on July 26, 2019. PFG gained -20.38 points, or -50.42%, in 30 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (54.38) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

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 January 18, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 July 26, 2019 at 60.80 and reached 52.48 on August 7, 2019. PFG lost 8.32 points, or 13.68%, in 12 days. The price is now at the 30.17% retracement level.

Daily Technical Indicators: [See PFG daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since July 29, 2019. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.67
Williams' Percentage Range (W%R) 67.80
Lane's Stochastic (%D-Slow) 23.83
Greed/Fear Indicator (GFI) 30.57
Moving Average Converg./Diverg. (MACD) -0.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.78
Williams' Percentage Range (W%R) 47.20
Lane's Stochastic (%D-Slow) 73.95
Greed/Fear Indicator (GFI) 59.01
Moving Average Converg./Diverg. (MACD) 1.46
Trading Signals
Description Value Chart
Upper Bollinger Band 61.52
Weekly Stochastic Crossing 58.30
20 Day Moving Average 57.78
50 Day Moving Average 56.97
Parabolic System 56.22
Price 54.99
Quarterly Trendline Support 54.38
Daily Stochastic Crossing 54.36
Lower Bollinger Band 52.22
Sector and Industry
Description Name Rank
Sector Financial 4
Industry Asset Management 47
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 52.48
Low Date 08/07/2019
High 55.73
High Date 08/08/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 60.80
High Date 07/26/2019
Low 52.48
Low Date 08/07/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 51.36
Low Date 06/03/2019
High 60.80
High Date 07/26/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 66.92
Support 54.38
Low 40.42
Low Date 12/26/2018
High 60.80
High Date 07/26/2019
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 41.12
Support 27.92
High 75.58
High Date 01/29/2018
Low 40.42
Low Date 12/26/2018
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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