PROVIDENT FINANCIAL PLC (PFG.L) Stock Technical Analysis
Europe - London Exchange - LON:PFG - GB00B1Z4ST84 - Common Stock
Taking everything into account, PFG scores 6 out of 10 in our technical rating. In the last year, PFG was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, PFG does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 215.20, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
210.86
When analyzing the support we notice one important area.
- A support zone ranging from 212.99 to 215.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 219.69 to 222.53. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @228.69 from a trend line in the weekly time frame.
- A resistance zone ranging from 238.15 to 241.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for PFG.L is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PFG.L is neutral. |
| ChartMill Relative Strength | 65.08 | NEUTRAL | PFG.L is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PFG.L is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PFG.L is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PFG.L is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.6 | NEUTRAL | The RSI value for PFG.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.67 | NEGATIVE | The MACD value suggests PFG.L has a negative trend. |
| Stochastics (14,3) | 62.19 | NEUTRAL | The Stochastics value for PFG.L is a neutral value. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for PFG.L suggests some volalility. |
| Average Directional Index/ADX (14) | 15.88 | NEGATIVE | The low ADX value for PFG.L suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 222.54 | 212.98 | 9.56 (4.30%) | 23.28% |
| An entry @222.54. This is a Buy Stop order right above the resistance zone. | An exit @212.98. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 9.56 points, which is 4.30%. | For a 1.00% total portfolio risk, you can invest 23.28% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
LON:PFG (3/6/2023, 5:29:55 PM)
219.4
-4.8 (-2.14%)
PROVIDENT FINANCIAL PLC / PFG.L FAQ
Can you provide the ChartMill technical rating for PROVIDENT FINANCIAL PLC?
ChartMill assigns a technical rating of 6 / 10 to PFG.L.
What is the trend direction for PFG stock?
The current trend direction for PROVIDENT FINANCIAL PLC (PFG.L) is Bullish.
What is the RSI signal for PFG stock?
PROVIDENT FINANCIAL PLC (PFG.L) has an RSI value of 48.6048. This indicates that the stock is currently neutral.
What are the support and resistance levels for PROVIDENT FINANCIAL PLC (PFG.L) stock?
PROVIDENT FINANCIAL PLC (PFG.L) has a support level at 215.2 and a resistance level at 219.69. Check the full technical report for our detailed analysis of PFG.L support and resistance levels.