Sell signal · week 8 · EU-UK stocks
Prudential sheds 2.5%: a new 30-week low, but the weekly close does not confirm it
Our view last week
A week almost entirely in the sellers' hands: Prudential gave up 2.9% with 98% of volume on the sell side, after 84% the week before, and closed right on its 30-day lows. Prudential stock extends its run of lower highs on the daily chart, the latest one turned back by a cluster of moving averages, and money flow stays below zero for a 2nd week. On a technical analysis view the decline is speeding up, with the short now 8.1% in profit.
This week's summary
Prudential loses another 2.5% and prints a new 30-week low, in the 905 area, that the weekly close does not confirm. For Prudential stock it is the 4th weekly drop in a row: 7 days ago it closed right by its lows, now it has dipped to fresh ones. Technical analysis and price action show an orderly decline, with 4 lower highs on the daily chart and money flow sinking further below zero. From a swing trading view, the short is now 10.4% in profit.
IQS Phase
62
ordinary
Signal Strength
52
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#20 / 89
EU-UK stocks
Trade P&L %
+10.44%
from signal to date, no stop loss
Prudential (PRU) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 20th among the 89 sell signals for European-UK stocks in our ranking, with a signal strength of 52 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV1
Sector regimeweak phase
Performanceweekly -4.91% · monthly -4.92%
PRU belongs to the european sector (reference ETF EXV1). The sector is classified weak phase according to our weekly reading.
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