Prudential Financial Technical Analysis (NYSE:PRU)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Prudential Financial stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the PRU stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Prudential Financial. The technical analysis form of Prudential Financial stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Prudential Financial Moving Average
Moving averages help predict the price direction of PRU stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $98.85 is above the last closing price of $96.84 and the 50 day moving average of $101.58 is above the last closing price of $96.84. The 10 and 20 day periods can predict short term moving average trends.
Prudential Financial Bollinger Bands
Bollinger bands comprise of a center line usually PRU SMA, and two PRU stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $96.84 is in the lower range of Prudential Financial bollinger bands.
Prudential Financial Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Prudential Financial MACD line is below the signal line.
Prudential Financial Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 50 is the RSI value of PRU stock.