How the price action of Principal Financial ($PFG) is used to our Advantage
October 28, 2023, 10:45 am ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PFG
- Buy PFG slightly over 63.61 target 71.04 stop loss @ 63.43 Details
The technical summary data tells us to buy PFG near 63.61 with an upside target of 71.04. This data also tells us to set a stop loss @ 63.43 to protect against excessive loss in case the stock begins to move against the trade. 63.61 is the first level of support below 67.67 , and by rule, any test of support is a buy signal. In this case, support 63.61 would be being tested, so a buy signal would exist.
- Short PFG slightly under 71.04, target 63.61, stop loss @ 71.25 Details
The technical summary data is suggesting a short of PFG as it gets near 71.04 with a downside target of 63.61. We should have a stop loss in place at 71.25though. 71.04 is the first level of resistance above 67.67, and by rule, any test of resistance is a short signal. In this case, if resistance 71.04 is being tested, so a short signal would exist.
Swing Trading Plans for PFG
- Buy PFG slightly over 68.94, target 71.04, Stop Loss @ 68.74 Details
If 68.94 begins to break higher, the technical summary data tells us to buy PFG just slightly over 68.94, with an upside target of 71.04. The data also tells us to set a stop loss @ 68.74 in case the stock turns against the trade. 68.94 is the first level of resistance above 67.67, and by rule, any break above resistance is a buy signal. In this case, 68.94, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short PFG slightly near 68.94, target 66.30, Stop Loss @ 69.14. Details
The technical summary data is suggesting a short of PFG if it tests 68.94 with a downside target of 66.30. We should have a stop loss in place at 69.14 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 68.94, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for PFG
- Buy PFG slightly over 67.93, target 68.94, Stop Loss @ 67.77 Details
If 67.93 begins to break higher, the technical summary data tells us to buy PFG just slightly over 67.93, with an upside target of 68.94. The data also tells us to set a stop loss @ 67.77 in case the stock turns against the trade. 67.93 is the first level of resistance above 67.67, and by rule, any break above resistance is a buy signal. In this case, 67.93, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short PFG slightly near 67.93, target 66.30, Stop Loss @ 68.09. Details
The technical summary data is suggesting a short of PFG if it tests 67.93 with a downside target of 66.30. We should have a stop loss in place at 68.09 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 67.93, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Principal Financial (PFG) available here: PFG.
PFG Ratings for October 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
63.61 |
| P2 |
65.98 |
66.30 |
71.04 |
| P3 |
67.93 |
68.94 |
78.37 |
AI Generated Signals for PFG
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Principal Financial (NYSE: PFG) data table below can help you with price action, and we have more details too. Trading plans for PFG are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for PFG:
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