Principal Financial $PFG Pivots Trading Plans and Risk Controls - Stock Traders Daily

November 06, 2023, 20:30 pm ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PFG

• Buy PFG slightly over 69.42 target 76.58 stop loss @ 69.22 Details

The technical summary data tells us to buy PFG near 69.42 with an upside target of 76.58. This data also tells us to set a stop loss @ 69.22 to protect against excessive loss in case the stock begins to move against the trade. 69.42 is the first level of support below 70.47 , and by rule, any test of support is a buy signal. In this case, support 69.42 is being tested, a buy signal would exist.

• Short PFG slightly under 76.58, target 69.42, stop loss @ 76.8 Details

The technical summary data is suggesting a short of PFG as it gets near 76.58 with a downside target of 69.42. We should have a stop loss in place at 76.8though. 76.58 is the first level of resistance above 70.47, and by rule, any test of resistance is a short signal. In this case, if resistance 76.58 is being tested, a short signal would exist.

Swing Trading Plans for PFG

• Buy PFG slightly over 71.04, target 76.58, Stop Loss @ 70.83 Details

If 71.04 begins to break higher, the technical summary data tells us to buy PFG just slightly over 71.04, with an upside target of 76.58. The data also tells us to set a stop loss @ 70.83 in case the stock turns against the trade. 71.04 is the first level of resistance above 70.47, and by rule, any break above resistance is a buy signal. In this case, 71.04, 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 71.04, target 69.42, Stop Loss @ 71.25. Details

The technical summary data is suggesting a short of PFG if it tests 71.04 with a downside target of 69.42. We should have a stop loss in place at 71.25 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, 71.04, 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 70.53, target 71.04, Stop Loss @ 70.37 Details

If 70.53 begins to break higher, the technical summary data tells us to buy PFG just slightly over 70.53, with an upside target of 71.04. The data also tells us to set a stop loss @ 70.37 in case the stock turns against the trade. 70.53 is the first level of resistance above 70.47, and by rule, any break above resistance is a buy signal. In this case, 70.53, 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 70.53, target 69.42, Stop Loss @ 70.69. Details

The technical summary data is suggesting a short of PFG if it tests 70.53 with a downside target of 69.42. We should have a stop loss in place at 70.69 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, 70.53, 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.

This is a snapshot. Real Time Updates are available on our PFG Page.

PFG Ratings for November 06:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Weak
P1	0	0	62.14
P2	70.53	67.58	69.42
P3	72.51	71.04	76.58

Support and Resistance Plot Chart for PFG

Blue = Current Price
Red= Resistance
Green = Support

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This Principal Financial (NYSE: PFG) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for PFG change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if PFG is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for PFG too.  All of these are offered below the Summary Table.

Fundamental Charts for PFG:

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Principal Financial $PFG Pivots Trading Plans and Risk Controls - Stock Traders Daily
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