Procter & Gamble Stock Forecast
Procter & Gamble stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Procter & Gamble stock price gained 0.725% on the last trading day (Tuesday, 2nd Jul 2024), rising from $162.72 to $163.90. During the last trading day the stock fluctuated 1.44% from a day low at $161.71 to a day high of $164.04. The price has been going up and down for this period, and there has been a -2.15% loss for the last 2 weeks. Volume fell on the last day by -2 million shares and in total, 5 million shares were bought and sold for approximately $892.29 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $162.90 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.14% during the next 3 months and, with a 90% probability hold a price between $174.54 and $182.37 at the end of this 3-month period.
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PG Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Procter & Gamble stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $165.84 and $166.26. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -2.76%. 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). 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 $161.50 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 $2.33 between high and low, or 1.44%. For the last week the stock has had daily average volatility of 1.68%.
Our recommended stop-loss: $157.50 (-3.91%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (PG) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Procter & Gamble Company (The) to open at $163.22, and during the day (based on 14 day Average True Range), to move between $161.56 and $166.24, which gives a possible trading interval of +/-$2.34 (+/-1.43%) 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 2.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $165.76 (1.13%) than the support at $161.50 (1.46%), 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 negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.171 Hold/Accumulate Upgraded
Predicted Opening Price for Procter & Gamble Company (The) of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$163.22 ( 0.417%) | $163.90 |
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 | |
---|---|---|
R3 | 165.55 | 1.00% |
R2 | 164.66 | 0.462% |
R1 | 164.11 | 0.126% |
Price | 163.90 | |
S1 | 162.33 | -0.96% |
S2 | 161.78 | -1.30% |
S3 | 160.89 | -1.84% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 168.26 | 2.66% |
R2 | 166.85 | 1.80% |
R1 | 165.76 | 1.13% |
Price | 163.90 | |
S1 | 161.50 | -1.46% |
S2 | 158.14 | -3.51% |
S3 | 155.45 | -5.16% |
PG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 18, 2024 | Apr 18, 2024 | May 15, 2024 | $1.01 | 0.604% |
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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