Prudential: confirmation holds, stop now at breakeven
Prudential stock: up 1.8% this week as confirmation holds and the stop moves to breakeven
Prudential: confirmation holds, stop now at breakeven
Our view last week
Prudential shares rebound 5% from the 987 area, where price carved a double bottom before turning higher. Buyers dominate trading, over 90% of daily volume, and the weekly MACD is improving even as it stays in negative territory. A breakout triggers above the 1125 area, the recent multi-day high; below it, the 1091-1102 band remains the balance zone.
This week's summary
Prudential shares bounce 4% off the 20-day moving average, in the 1070 area, following a week of consolidation with volume contracting. The weekly picture stays bullish, even as three caution flags - fading volume and an indecisive closing candle - call for care. Three weeks into the trade and up 7% from entry, the stop has already moved to breakeven: risk is off the table, while a breakout above the 1137 area would be the trigger for a fresh push higher.
IQS Phase
64
ordinary
Signal Strength
52
medium
Sizing
STANDARD
Ranking
#30 / 61
EU-UK stocks in progress
Trade P&L %
+7.00%
from signal to date, no stop loss
Rank position
ranks 30th among the 61 Longs already running for European-UK stocks in our ranking, with a signal strength of 52 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly +2.05% · monthly +3.45%
PRU belongs to the european sector (reference ETF EXV1). The sector is classified in positive regime according to our weekly reading.
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