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

Click here to learn more about Trade Signals (powered by Autochartist)

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