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Archive
- 12/13/2024 -
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Principal Financial Group (PFG) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Principal Financial Group (PFG). During the week, the PFG dropped -5.49 points, or -6.50%, and closed at 78.91 on Friday, December 13, 2024. It was the worst weekly loss since October 25, 2024. Weekly volume was 21% above 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 91.98 on October 17, 2024. PFG gained -26.81 points, or -41.14%, in 72 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 71.35 and resistance is at 89.52. 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 uptrend had started on August 5, 2024 at 72.21 and reached 91.98 on October 17, 2024. PFG gained -19.77 points, or -27.38%, in 10 weeks. The price is now at the 66.11% retracement level.
 Weekly Technical Indicators: [See PFG weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since September 13, 2024. 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 October 17, 2024 at 91.98 and reached 78.75 on December 13, 2024. PFG lost 13.23 points, or 14.38%, in 57 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 strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since October 22, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Financials |
11 |
| Industry |
Life & Health Insurance |
77 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
87.81 |
| High Date |
11/27/2024 |
| Low |
78.75 |
| Low Date |
12/13/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
91.98 |
| High Date |
10/17/2024 |
| Low |
78.75 |
| Low Date |
12/13/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
72.21 |
| Low Date |
08/05/2024 |
| High |
91.98 |
| High Date |
10/17/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
89.52 |
| Support |
71.35 |
| Low |
65.17 |
| Low Date |
05/31/2023 |
| High |
91.98 |
| High Date |
10/17/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
23.31 |
| Low Date |
03/23/2020 |
| High |
96.17 |
| High Date |
11/11/2022 |
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