Prudential's confirmation week holds just above flat
Prudential closes its confirmation week at +0.1%: buyers lose ground
Prudential's confirmation week holds just above flat
Our view last week
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.
This week's summary
Prudential's confirmation week closes just above flat, at +0.1%: under the surface, buyers are losing ground, with sellers dominating the last session and volumes contracting. Price is boxed between the 50-day average just above and the daily pivot point just below. In our technical read the buy signal holds, with only medium signal strength: our model favours a cautious approach here.
IQS Phase
53
ordinary
Signal Strength
49
medium · weak
Sizing
REDUCED
Ranking
#33 / 61
EU-UK stocks in progress
Trade P&L %
+0.10%
from signal to today
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