Procter & Gamble Stock Forecast

Procter & Gamble stock price up 0.648% on Wednesday
(Updated on Apr 17, 2024)

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.

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.

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

The predicted opening price is based on yesterday's movements between high, low, and closing price.