PROVIDENT FINANCIAL PLC (PFG.L) Stock Technical Analysis
LON:PFG - London Exchange - GB00B1Z4ST84 - Common Stock - Currency: GBX
We assign a technical rating of 6 out of 10 to PFG. PFG has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When compared to the yearly performance of all other stocks, PFG outperforms 65% of them, which is more or less in line with the market.
PFG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PFG is lagging the market slightly.
In the last month PFG has a been trading in the 210.40 - 235.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PFG has only a medium technical rating, but it does show a decent setup pattern. 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. Another positive sign is the recent Pocket Pivot signal.
- 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
243.62
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 worst case loss on the trade is limited to 9.56 points, which is 4.30%. | When investing 23.28% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.14%
1 Week-1.35%
2 Weeks-0.63%
1 Month-7.66%
3 Month15.84%
6 Month17.45%
12 Month-18.56%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)6.19
ATR(20)%3.05%
ATR Inc58.12%
Range Today13
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.08
Mansfield0.23
10 Day High230.4
10 Day Low210.4
20 Day High235
20 Day Low210.4
52 Week High333.4
52 Week Low130.3
CS1 End215.2
CR1 Start219.69
Volume & EV
DER(3)-5.22%
DER(5)-6.56%
Volume35.01K
Volume Incr13.79%
Vol(5)65.81K
Vol(50)55.31K