Technical Analysis

Technical Analysis of PRU Stock

Current Price and Volume

As of the latest data on 2025-03-07, PRU closed at 111.24, with a trading range of 108.65 (low) to 111.71 (high). The volume was 1,909,540, indicating moderate trading activity.

Technical Indicators

• RSI (6, 12, 14): 47.65, 44.54, and 44.03, respectively. These values are below 50, suggesting the stock is in a bearish range but not yet oversold.
• Stochastic Oscillator (%K, %D): 28.44 and 27.52, indicating the stock is near oversold territory.
• MACD: -1.41 (bearish signal), with a MACD Histogram of 0.16 (slightly bullish divergence).
• Fibonacci Levels:
  • Pivot: 112.16
  • Resistance Levels: 115.37, 117.36, 120.57
  • Support Levels: 108.95, 106.97, 103.76

Price Action and Trends

The stock is currently testing the lower end of its Fibonacci support levels, with the price approaching the first support at 108.95. The bearish MACD and low RSI/Stochastic values suggest continued downward pressure.

News and Sentiment

Recent news highlights concerns about stagflation and tariff impacts on the economy, which could affect the insurance sector. However, PRU is not highlighted as a top pick in recent analyst reports, though it may experience short-term price movements due to its upcoming dividend.

Conclusion

Based on the technical analysis, PRU is in a bearish trend. The stock is near support levels, but the overall indicators suggest continued weakness.

Recommendation: Sell PRU at the current price of 111.24, as the technical indicators and market sentiment point to further downside potential. Consider re-entering if the stock bounces off the support levels or shows signs of bullish reversal.

Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Always conduct your own research or consult a financial advisor before making investment decisions.