Resistance

Billion

<ul class="list-ic vertical">
 <li><span>1</span> <a>The PFG stock price has taken support and jumped above 20 EMA.</a></li>
 <li><span>2</span> <a>The Principal Financial Group Inc. (NASDAQ: PFG) stock’s 52-week price range is around $65 – $96.</a></li>
</ul>
<p>The PFG stock quarterly balance sheet for the period ending June 2023 reported total assets of $278.89 Billion and total liabilities of $268.23 Billion and the debt-to-assets ratio is 96.18%. The debt-to-assets ratio in PFG stock implies that the company has a very high degree of leverage and is mostly financed by debt.&nbsp;</p>
<p>Despite PFG facing financial flexibility issues, its DTA was stagnant and has not increased in the last few quarters. This is a positive sign that shows the stock is putting efforts into improving its financial flexibility, but it may not last if the PFG stock does not perform better.</p>
<p>According to Principal Financial Group Inc. (NASDAQ: PFG) chart, the stock price has been rising from March 2020 from $23 and reached a high of $96 by forming an uptrend by November 11th, 2022. However, it faced resistance at a peak high as investors pulled out their cash with the profit they made. This showed a continuous decline and poor performance over the charts.</p>
<p>However, the <a href="https://www.thecoinrepublic.com/2023/10/18/goldman-sachs-smashes-revenue-forecast-will-gs-stock-follow-same/" target="_blank" rel="noopener noreferrer nofollow">stock</a> has shown a recovery sign as PFG took support at around the $67 support level by the first week of October. Therefore, if buyers boost more and take control of the wheel, it might surpass trendline resistance and the probable resistances would be $77 and $81.</p>
<p>On the contrary, if PFG stock fails to hold its grip and starts to decline, then it might fall up to the support of $65 and $61.</p>
<h2 class="wp-block-heading" id="strong-technical-evaluation-of-pfg-stock-strong"><strong>Technical Evaluation of PFG Stock</strong></h2>
<p>Currently, the PFG stock is trading above the 20-day exponential moving average, which is trying to support price momentum.&nbsp;</p>
<p>However it is below 50 EMA, if buying volume adds up in PFG then the price might support bullish momentum by making higher highs and lows and conquering the rejecting EMA’s and levels. Hence, the PFG price is expected to move upward and gives a bullish outlook over the daily time frame chart.</p>
<p>The current value of RSI is 42.98 points. The 14 SMA is above the median line at 35.22 points which indicates that PFG is bullish.</p>
<p>The MACD line at 1.21 and the signal line at 1.52 are below the zero line. A bullish crossover is observed in the MACD tool which signals strength in the momentum of the Principal stock.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1461" height="847" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-577.png" alt="PFG Stock Forecast: Will (NASDAQ: PFG) Surpass $80 &amp; Trendline?" class="wp-image-176887" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-577.png 1461w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-577-300x174.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-577-1024x594.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-577-768x445.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-577-750x435.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-577-1140x661.png 1140w" sizes="(max-width: 1461px) 100vw, 1461px">
  <figcaption class="wp-element-caption">
   Source: PFG: NASDAQ by TradingView
  </figcaption>
 </figure>
</div>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1461" height="847" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-578.png" alt="PFG Stock Forecast: Will (NASDAQ: PFG) Surpass $80 &amp; Trendline?" class="wp-image-176888" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-578.png 1461w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-578-300x174.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-578-1024x594.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-578-768x445.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-578-750x435.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-578-1140x661.png 1140w" sizes="(max-width: 1461px) 100vw, 1461px">
  <figcaption class="wp-element-caption">
   Source: PFG: NASDAQ by TradingView
  </figcaption>
 </figure>
</div>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>At the time of publishing, the technical analysis tools of PFG stock highlighted strength for upward momentum. The price action highlights bullish momentum by making higher highs formation as PFG price has taken support and rising, and might surpass the trendline posing as a hurdle. Also, the stock is trying to improve its financial flexibility as per the traits on PFG balance sheet analysis.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $65 and $61</p>
<p><strong>Resistance Levels</strong>: $77 and $81</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

PFG Stock Forecast: Will (NASDAQ: PFG) Surpass $80 & Trendline?

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