Procter & Gamble Stock Forecast

Green day on Thursday for Procter & Gamble
(Updated on May 09, 2024)

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 $164.72 and $160.26. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 6.89%. 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 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. 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.

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 $1.28 (0.776%) between high and low. For the last week, the stock has had daily average volatility of 1.03%.

The Procter & Gamble stock is extremely overbought on RSI14 (83). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $158.23 (-4.70%) (This stock has low daily movements and this gives low risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 19 days ago.)

Trading Expectations (PG) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Procter & Gamble Company (The) to open at $165.81, and during the day (based on 14 day Average True Range), to move between $164.09 and $167.99, which gives a possible trading interval of +/-$1.95 (+/-1.17%) 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 2.34% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $161.50, some $4.54 (2.73%) from the current price of $166.04, our system finds the risk reward attractive.

Is Procter & Gamble Company (The) stock A Buy?

Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for Procter & Gamble stock to perform well in the short-term period. Due to a possible false trend-break listing stock as pure buy candidate is held back.

Current score: 3.381 Buy Candidate Unchanged

Predicted Opening Price for Procter & Gamble Company (The) of Friday, May 10, 2024

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