PRU Price Prediction Next Week
Technical Analysis: Based on the latest data, PRU is showing mixed technical signals. The RSI(14) at 44.95 indicates a neutral momentum, though slightly leaning towards oversold territory. The MACD at -0.85 suggests a bearish trend in the short term.
The stock is currently trading around its 20-day SMA of $118.32 and 200-day SMA of $117.36, indicating a consolidation phase. The Fibonacci levels show immediate resistance at $120.23 and support at $114.65.
News Impact & Sentiment: Recent significant developments include:
- Strategic partnership announcement with Dai-ichi Life Holdings focusing on product distribution and asset management capabilities.
- BMO Capital analyst initiated coverage with an Underperform rating and $101 price target, significantly below current trading levels.
Price Forecast for Next Week: Based on technical indicators and news sentiment:
- Resistance levels: $120.23 (Fibonacci R1)
- Support levels: $114.65 (Fibonacci S1)
Expected price movement: The stock is likely to test support at $114.65 next week due to:
- Bearish analyst initiation with significantly lower price target
- Negative MACD indicating downward momentum
- RSI showing potential for further downside
Trading Recommendation: SELL Entry point: Current market price ($117.31) Target: $114.65 Stop loss: $120.23
The recommendation is based on the bearish technical setup combined with negative analyst sentiment. The risk-reward ratio is favorable for a short position with a defined stop loss above the first resistance level.
PRU Similar Chart Price Prediction
The price of PRU is predicted to go up 4.8%, based on the high correlation periods with TRV. The similarity of these two price pattern on the periods is 96.64%.
PRU
TRV
Up: 4.8%Similarity: 96.64%
PRU Revenue Forecast
PRU EPS Forecast
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PRU VS S&P500
The company will be a net beneficiary of rising interest rates in the long run as it can reinvest its maturing fixed-income securities at a higher yield.
Prudential has clearly laid out plans to reduce exposure to riskier products like variable annuities with minimum guarantees and has increased investments in segments with steadier cash flows like the investment management business.
The regulatory uncertainty surrounding the nonbank SIFI designation and the fiduciary rule appears to be resolved in the company's favor.
PRU Analyst's Forecast
Alex Scott
Barclays
Hold
Price Target
$127 → $128
Upside
+9.5%
Barclays raised the firm's price target on Prudential to $128 from $127 and keeps an Equal Weight rating on the shares. Prudential announced its second reinsurance transaction with Prismic Life consisting of $7B of Japanese whole life insurance policies , the analyst tells investors in a research note.
Alex Scott
Barclays
Hold
Price Target
$129 → $127
Upside
+6.71%
John Barnidge
Piper Sandler
Hold
Price Target
$127 → $124
Upside
+4.73%