Prudential: fresh Buy signal after the breakout
Prudential rises 1.7% as a fresh Buy signal fires on the breakout
Prudential: fresh Buy signal after the breakout
Our view last week
Prudential is in week 5 of a sell signal, and the week just closed up 1.9%, the fourth straight week in positive territory. Buying volume climbed back above 70%, RSI recovered to 45.2, and the MACD histogram narrowed from its low three weeks ago. Here's how the technical picture has moved over the last four weeks.
This week's summary
Prudential just fired a fresh Buy signal this week, triggered by a breakout above its 7-day high, in the 1047 area — right as the old Sell signal was running out of steam, with buyers already back in control. Our technical read shows a clean weekly structure, no warning flags, and on the daily chart 79.5% of trading came on the buy side. Signal strength is 52 out of 100: a case to approach with a cautious entry.
IQS Phase
47
ordinary
Signal Strength
52
medium
Sizing
STANDARD
Ranking
#4 / 5
New eu-uk stocks
Trade P&L %
+0.00%
from signal to today
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