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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits on some products.
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Trade in focus: Prudential plc Trade in focus: Prudential plc Trade in focus: Prudential plc

Trade in focus: Prudential plc

Equities 1 minute to read
Michael McKenna

Head of Editorial Content, Saxo Bank

Summary:  Are shares of Prudential plc preparing to move lower?

Saxo's Trade Signals tool has identified a potential downside break out of a rising channel formation in London-based assurance and financial services firm Prudential plc. The tool gives a probability of 67% to this analysis, with this measurement evaluated against past performance over six months with respect to this pattern type.

(Disclaimer: past performance probability may not be indicative of future performance.)

Shares of Prudential plc traded at 1,612.50 GBp (UK pence) as of publication, with Trade Signals identifying this move as having the potential to extend towards 1,531 GBp over the next 29 days.
Trade Signals: Prudential PLC
Source: Saxo Bank
Prudential PLC
Prudential plc (daily, source: Saxo Bank)
Click here to learn more about Trade Signals (powered by Autochartist)

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, or any of our other products work, and whether you can afford to take the high risk of losing your money. The value of your investments can go down as well as up. Losses can exceed deposits on some margin products. Professional clients can lose more than they deposit. All trading carries risk.

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