PRINCIPAL FINANCIAL GROUP INC - Daily - Technical analysis published on 10/24/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 56.53 USD
My targets
57.98 USD (+1.13%)
59.12 USD (+3.12%)
My analysis
The bullish trend is currently very strong on PRINCIPAL FINANCIAL GROUP INC. As long as the price remains above the support at 56.53 USD, you could try to benefit from the boom. The first bullish objective is located at 57.98 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 59.12 USD as an objective. Crossing it would then enable buyers to target 60.68 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PRINCIPAL FINANCIAL GROUP INC price is 57.33 USD. The price has increased by +0.99% since the last closing with the lowest point at 56.68 USD and the highest point at 57.40 USD. The deviation from the price is +1.15% for the low point and -0.12% for the high point.56.68
57.40
57.33
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by PRINCIPAL FINANCIAL GROUP INC:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of PRINCIPAL FINANCIAL GROUP INC in Daily shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 52.38 | 54.17 | 56.53 | 57.33 | 57.98 | 59.12 | 60.68 |
| Change (%) | -8.63% | -5.51% | -1.40% | - | +1.13% | +3.12% | +5.84% |
| Change | -4.95 | -3.16 | -0.80 | - | +0.65 | +1.79 | +3.35 |
| Level | Major | Minor | Intermediate | - | Major | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 54.92 | 55.41 | 56.09 | 56.57 | 57.25 | 57.74 | 58.42 |
| Camarilla | 56.45 | 56.56 | 56.66 | 56.77 | 56.88 | 56.98 | 57.09 |
| Woodie | 55.02 | 55.46 | 56.19 | 56.62 | 57.35 | 57.79 | 58.52 |
| Fibonacci | 55.41 | 55.85 | 56.13 | 56.57 | 57.02 | 57.29 | 57.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53.35 | 53.97 | 54.98 | 55.60 | 56.62 | 57.24 | 58.26 |
| Camarilla | 55.55 | 55.70 | 55.85 | 56.00 | 56.15 | 56.30 | 56.45 |
| Woodie | 53.54 | 54.07 | 55.18 | 55.70 | 56.82 | 57.34 | 58.46 |
| Fibonacci | 53.97 | 54.59 | 54.98 | 55.60 | 56.23 | 56.62 | 57.24 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.10 | 49.57 | 53.35 | 55.82 | 59.60 | 62.07 | 65.85 |
| Camarilla | 55.42 | 55.99 | 56.57 | 57.14 | 57.71 | 58.29 | 58.86 |
| Woodie | 47.77 | 49.90 | 54.02 | 56.15 | 60.27 | 62.40 | 66.52 |
| Fibonacci | 49.57 | 51.95 | 53.43 | 55.82 | 58.20 | 59.68 | 62.07 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.50 | |
| MACD (12,26,9): | 0.3100 | |
| Directional Movement: | 3.58 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 55.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 53.78 | |
| Elder Ray (13): | 1.17 | |
| Super Trend (3,10): | 53.81 | |
| Zig ZAG (10): | 57.33 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 96.87 | |
| TEMA (21): | 56.29 | |
| Williams %R (14): | -1.38 | |
| Chande Momentum Oscillator (20): | 3.04 | |
| Repulse (5,40,3): | 2.6500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 4.96 |
| MA7: | 56.24 | |
| MA20: | 55.32 | |
| MA50: | 54.99 | |
| MA100: | 56.00 | |
| MAexp7: | 56.32 | |
| MAexp20: | 55.68 | |
| MAexp50: | 55.54 | |
| MAexp100: | 55.30 | |
| Price / MA7: | +1.94% | |
| Price / MA20: | +3.63% | |
| Price / MA50: | +4.26% | |
| Price / MA100: | +2.38% | |
| Price / MAexp7: | +1.79% | |
| Price / MAexp20: | +2.96% | |
| Price / MAexp50: | +3.22% | |
| Price / MAexp100: | +3.67% |
News
The latest news and videos published on PRINCIPAL FINANCIAL GROUP INC at the time of the analysis were as follows:
- Principal Financial Group, Inc. to Host Earnings Call
- Investor Network: Principal Financial Group, Inc. to Host Earnings Call
- Survey: retirement plans at work raise confidence
This member declared not having a position on this financial instrument or a related financial instrument.
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