Procter & Gamble Stock Forecast
Procter & Gamble stock price up 0.648% on Wednesday
(Updated on Apr 17, 2024)
The Procter & Gamble stock price gained 0.648% on the last trading day (Wednesday, 17th Apr 2024), rising from $155.95 to $156.96. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.88% from a day low at $155.74 to a day high of $157.12. The price has risen in 6 of the last 10 days and is up by 0.52% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately $977.44 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.72% during the next 3 months and, with a 90% probability hold a price between $155.97 and $168.04 at the end of this 3-month period.
PG Signals & Forecast
There are mixed signals in the stock today. The Procter & Gamble stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $159.38. On a fall, the stock will find some support from the short-term average at $156.20. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -3.47%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Wednesday, November 22, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, November 22, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Procter & Gamble stock
Procter & Gamble finds support from accumulated volume at $155.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.38 between high and low, or 0.88%. For the last week the stock has had daily average volatility of 0.92%.
Our recommended stop-loss: $149.34 (-4.86%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (PG) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Procter & Gamble Company (The) to open at $156.61, and during the day (based on 14 day Average True Range), to move between $155.27 and $158.65, which gives a possible trading interval of +/-$1.69 (+/-1.08%) up or down from last closing price. If Procter & Gamble Company (The) takes out the full calculated possible swing range there will be an estimated 2.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $158.09 (0.72%) than the support at $155.45 (0.96%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Procter & Gamble will release earnings BMO on Friday, April 19, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.42. We will update the financials statements for Procter & Gamble, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.50% in the first trading day after earnings release.
Is Procter & Gamble Company (The) stock A Buy?
Procter & Gamble holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.096 Hold/Accumulate Unchanged
Predicted Opening Price for Procter & Gamble Company (The) of Thursday, April 18, 2024
Fair opening price April 18, 2024 | Current price |
---|---|
$156.61 ( 0.226%) | $156.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 157.98 | 0.650 % | |
R2 | 157.45 | 0.315 % | ||
R1 | 157.13 | 0.108 % | ||
Current price: | 156.96 | |||
Support | S1 | 156.08 | -0.561 % | |
S2 | 155.76 | -0.768 % | ||
S3 | 155.23 | -1.10 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 161.38 | 2.82 % | |
R2 | 159.18 | 1.41 % | ||
R1 | 158.09 | 0.720 % | ||
Current price | 156.96 | |||
Support | S1 | 155.45 | -0.96% | |
S2 | 153.98 | -1.90% | ||
S3 | 147.86 | -5.80% |
PG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 18, 2024 | Apr 18, 2024 | May 15, 2024 | $1.01 | 0.641% |
2 | Jan 09, 2024 | Jan 18, 2024 | Feb 15, 2024 | $0.94 | 0.599% |
3 | Oct 10, 2023 | Oct 19, 2023 | Nov 15, 2023 | $0.94 | 0.621% |
4 | Jul 11, 2023 | Jul 20, 2023 | Aug 15, 2023 | $0.94 | 0.608% |
5 | Apr 11, 2023 | Apr 20, 2023 | May 15, 2023 | $0.94 | 0.603% |
FAQ
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