Procter & Gamble Stock Forecast
Procter & Gamble stock price ended on $148.69 on Friday after gaining 0.84%
(Updated on Mar 31, 2023)
The Procter & Gamble stock price gained 0.84% on the last trading day (Friday, 31st Mar 2023), rising from $147.45 to $148.69. It has now gained 4 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 0.756% from a day low at $147.58 to a day high of $148.69. The price has risen in 6 of the last 10 days and is up by 4.03% 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, 4 million more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately $1.14 billion.
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Given the current short-term trend, the stock is expected to fall -3.79% during the next 3 months and, with a 90% probability hold a price between $129.91 and $143.05 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
PG Signals & Forecast
Mostly positive signals in the chart today. The Procter & Gamble stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $146.54 and $141.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 09, 2023, and so far it has risen 8.87%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy 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.
Support, Risk & Stop-loss for Procter & Gamble stock
Procter & Gamble finds support from accumulated volume at $142.93 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.12 (0.756%) between high and low. For the last week, the stock has had daily average volatility of 0.81%.
The Procter & Gamble stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $141.89 (-4.57%) (This stock has low daily movements and this gives low risk. The RSI14 is 86 and this increases the risk substantially. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (PG) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Procter & Gamble Company (The) to open at $148.32, and during the day (based on 14 day Average True Range), to move between $146.74 and $150.64, which gives a possible trading interval of +/-$1.95 (+/-1.31%) 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 2.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $150.44 (1.18%) than the support at $142.93 (3.87%), 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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
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Buy Candidate UnchangedPredicted Opening Price for Procter & Gamble Company (The) of Monday, April 3, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price April 3, 2023 | Current price |
|---|---|
| $148.32 | $148.69 (Overvalued) |
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Trading levels for PG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 149.43 | 0.500 % | |
| R2 | 149.01 | 0.213 % | ||
| R1 | 148.74 | 0.0365 % | ||
| Current price: | 148.69 | |||
| Support | S1 | 147.89 | -0.536 % | |
| S2 | 147.63 | -0.713 % | ||
| S3 | 147.20 | -1.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 153.92 | 3.52 % | |
| R2 | 150.66 | 1.32 % | ||
| R1 | 150.44 | 1.18 % | ||
| Current price | 148.69 | |||
| Support | S1 | 142.93 | -3.87% | |
| S2 | 142.42 | -4.22% | ||
| S3 | 137.56 | -7.49% |
FAQ
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About Procter & Gamble Company (The)
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments; and antiperspirants and deodorants, personal cleansing, and skin ca... PG Profile
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