Procter & Gamble Health Ltd Stock Forecast
Procter & Gamble Health Ltd stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Procter & Gamble Health Ltd stock price gained 0.150% on the last trading day (Tuesday, 25th Jun 2024), rising from ₹5,016.80 to ₹5,024.35. During the last trading day the stock fluctuated 1.76% from a day low at ₹4,985.00 to a day high of ₹5,072.60. The price has been going up and down for this period, and there has been a -0.19% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 22 thousand more shares were traded than the day before. In total, 28 thousand shares were bought and sold for approximately ₹138.77 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹5,080.70 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.27% during the next 3 months and, with a 90% probability hold a price between ₹5,017.48 and ₹5,348.23 at the end of this 3-month period.
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PGHL.NS Signals & Forecast
The Procter & Gamble Health Ltd 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 ₹5,020.55 and ₹4,858.05. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -0.628%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Procter & Gamble Health Ltd stock
Procter & Gamble Health Ltd finds support from accumulated volume at ₹4,781.45 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 ₹87.60 (1.76%) between high and low. For the last week, the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: ₹4,838.94 (-3.69%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (PGHL.NS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Procter & Gamble Health Ltd to open at ₹5,027.32, and during the day (based on 14 day Average True Range), to move between ₹4,918.87 and ₹5,129.83, which gives a possible trading interval of +/-₹105.48 (+/-2.10%) up or down from last closing price. If Procter & Gamble Health Ltd takes out the full calculated possible swing range there will be an estimated 4.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹5,033.70 (0.19%) than the support at ₹4,781.45 (4.83%), 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 Health Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Procter & Gamble Health Ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.538 Buy Candidate Upgraded
Predicted Opening Price for Procter & Gamble Health Ltd of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹5,027.32 ( 0.0590%) | ₹5,024.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PGHL.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5,114.92 | 1.80% |
| R2 | 5,081.45 | 1.14% |
| R1 | 5,060.78 | 0.725% |
| Price | 5,024.35 | |
| S1 | 4,993.85 | -0.607% |
| S2 | 4,973.18 | -1.02% |
| S3 | 4,939.72 | -1.68% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5,056.10 | 0.632% |
| R2 | 5,042.65 | 0.364% |
| R1 | 5,033.70 | 0.186% |
| Price | 5,024.35 | |
| S1 | 4,781.45 | -4.83% |
| S2 | 4,738.80 | -5.68% |
| S3 | 4,709.90 | -6.26% |
PGHL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 14, 2024 | Feb 14, 2024 | Mar 03, 2024 | ₹200.00 | 3.91% |
| 2 | Nov 23, 2023 | Nov 23, 2023 | Nov 23, 2023 | ₹50.00 | 0.97% |
| 3 | Nov 13, 2023 | Nov 13, 2023 | Nov 13, 2023 | ₹50.00 | 0.98% |
| 4 | Feb 13, 2023 | Feb 13, 2023 | Feb 13, 2023 | ₹45.00 | 0.96% |
| 5 | Nov 15, 2022 | Nov 15, 2022 | Nov 15, 2022 | ₹11.50 | 0.266% |
FAQ
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