Principal Financial Group Inc (PFG): Price Now Near $61.38; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for PFG

At the moment, PFG (Get Ratings)’s price is down $-0.33 (-0.53%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as PFG has now gone down 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, so that price is now turning below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

PFG ranks 54th in terms of today’s price percentage change out of Insurance stocks.

PFG’s Technical Outlook on the Daily Chart

At the time of this writing, PFG’s price is down $-0.12 (-0.19%) from the day prior. This is the 2nd day in a row PFG has seen its price head down. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Principal Financial Group Inc’s price action over the past 90 days can be seen via the chart below.

PFG

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PFG: Daily RSI Analysis

  • For PFG, its RSI is now at 31.5594.
  • PFG and RSI both have consistent trends, as they are both heading down.

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