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Life & Health Insurance Industry Stocks Technical Analysis - PFGArchive
- 8/30/2024 -
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Principal Financial Group (PFG) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a third positive week after 4 consecutive negative weeks for the Principal Financial Group (PFG). During the week, the PFG gained 1.94 points, or 2.44%, and closed at 81.42 on Friday, August 30, 2024. Weekly volume was -21% below average.
PFG is a member of Financials Sector. Financials 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 May 31, 2023 at 65.17 and reached 88.26 on July 17, 2024. PFG gained -23.09 points, or -35.43%, in 59 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 68.69 and resistance is at 88.20. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See PFG medium-term trend chart]
A medium-term downtrend had started on July 17, 2024 at 88.26 and reached 72.21 on August 5, 2024. PFG lost 16.05 points, or 18.18%, in 2 weeks. The price is now at the 57.38% retracement level.
 Weekly Technical Indicators: [See PFG weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since July 26, 2024. This is an indication that the medium-term trend is down. 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 August 5, 2024 at 72.21 and reached 81.51 on August 30, 2024. PFG gained -9.30 points, or -12.88%, in 25 days. Price is near the trend high.
 Daily Technical Indicators: [See PFG daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since August 15, 2024. This is an indication that the short-term trend is up.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.
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