PG trade ideas
Procter & Gamble’s Bullish Momentum.Procter & Gamble (NYSE: PG) has recently demonstrated a robust performance, presenting a compelling case for both short-term trading and long-term investing. As we dive into the current technical indicators, price action, and recent news, it’s clear that PG is positioned for potentially significant moves. Let’s break down the analysis to provide a detailed view of where the stock might be heading and how traders can capitalize on this movement.
The daily chart of PG reveals a strong uptrend, characterized by higher highs and higher lows. The stock has recently bounced off its support level around $162, showing resilience and reaffirming its upward momentum. The latest candlestick patterns indicate bullish sentiment, with the stock closing higher than its opening price over the past few sessions. The bullish engulfing pattern observed in early June suggests a continuation of the upward trend.
The stock is currently trading above all key moving averages (10, 20, 30, 50, 100, and 200-day EMAs and SMAs), which is a strong bullish signal. The alignment of these moving averages also points towards a sustained upward trend. The 50-day EMA at $163.67 and the 100-day EMA at $160.70 provide significant support levels.
RSI (14): At 58.19, the Relative Strength Index is neutral but leaning towards bullish territory. There is room for further upside before hitting the overbought threshold (70), suggesting more buying opportunities.
MACD: The Moving Average Convergence Divergence (MACD) at 0.98 shows a positive divergence, with the MACD line crossing above the signal line, indicating a bullish trend.
Momentum (10): With a reading of 4.37, the momentum indicator is in the buy zone, highlighting the stock’s current strength and potential for further gains.
Volume analysis shows that PG is trading with a steady increase in volume, indicating strong investor interest. The recent spikes in volume on up days suggest accumulation by institutional investors, which is a positive sign for the bulls.
Pivot Point (P): The pivot point is at $164.83, which serves as a critical support level.
Resistance Levels: The stock faces immediate resistance at R1 ($168.24) and a stronger resistance at R2 ($171.95). If PG breaks above these levels, the next target would be R3 ($179.06).
Support Levels: Key support levels are found at S1 ($161.13) and S2 ($157.72). These levels could act as potential entry points for bullish traders looking to buy on dips.
Recent news reports highlight that Procter & Gamble’s focus on innovation and expansion into emerging markets continues to drive its growth. Their strategic price increases have managed to offset the rising costs of raw materials, maintaining healthy profit margins. Furthermore, the company’s commitment to sustainability and digital transformation has resonated well with investors.
PG is set to report its next earnings on July 30, 2024. The earnings estimate for the upcoming quarter is $1.37 per share with revenue expected at $20.79 billion. Historically, PG has consistently beaten earnings estimates, with positive surprises in the last four quarters ranging from 3.53% to 8.40%. This trend of exceeding expectations is likely to bolster investor confidence and drive the stock higher as we approach the earnings date.
With a dividend yield of 2.29% and a payout ratio of 61.52%, PG continues to be a favorite among income investors. The company’s robust financial health is evident from its strong free cash flow and manageable debt levels, further supporting its ability to sustain and grow dividends.
Long Position
For long-term investors, PG offers a promising outlook with a target price of $172.18 over the next year. Given the bullish technical indicators and strong fundamentals, a break above the current resistance at $168.24 could propel the stock towards its next target at $172.18, with potential to reach the $179.06 mark in a strong bullish scenario.
Entry Point: Consider going long if the stock consolidates and breaks above $168.24 with strong volume.
Stop Loss: Place a stop loss at $164.00, slightly below the pivot point to protect against downside risk.
Take Profit: Target the $172.18 level initially, with an eye towards $179.06 if the upward momentum continues.
Short Position
For traders looking to short, PG would only present a viable opportunity if it fails to hold above the support level at $164.83.
Entry Point: Consider shorting if PG fails to maintain support at $164.83 and shows signs of reversing downward.
Stop Loss: Place a stop loss at $168.50, above the current resistance level.
Take Profit: Target the $157.72 level, with a more aggressive target at $150.60 if bearish momentum strengthens.
Procter & Gamble presents a solid case for both bullish and bearish traders, depending on how the stock navigates its critical support and resistance levels in the coming weeks. Given the overall bullish trend and favorable news backdrop, the stock seems more inclined towards upward movement, making it a strong candidate for long positions. However, careful monitoring is required, especially around the earnings release and key technical levels.
PROCTER GAMBLE - Smooth FlightAlignment and approach of Fibo Clouds signal increased probability of breakout at the line separating the candles from new highs
Alignment and approach of Fibo Clouds signal increased probability of breakout at the line separating the candles from new highs
Risk/Return 3
The realization of 50% of the capital in the first target with the immediate raising of the stop loss line for the entry position, authorizes the search for subsequent targets with reduced risk
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Procter needs a correction, short after a retest of 166I´m expecting this stock to fall deeper. The black line reperesents the first TP zone, I´m suggesting to TP a big part of the position here, beceause it can be easily rejected. If this level is broken, most likely will continue to fall to final target as a part of bigger correction on the stock market. Wish you good luck.
PG - I'm taking profit hereThis weekly vs daily Bollinger band mean reversal system, confirmed with crossovers in the KST indicate that it's time to take profits in PG. Note that there is another Bollinger band applied to the Chaikin oscillator. The Chaikin falling with narrowing bands signals continued downward pressure.
PG Bullish NotesPG appears to be breaking an ascending triangle pattern. Price already above EMAs, RSI still under 70% and good volume are a good set NYSE:PG up for a long.
Besides, current trendline is the same from 2018 so seems solid at this point.
We'll see
The pattern target should be near 200 and stop at 159.
PG The Procter & Gamble Company Options Ahead of EarningsIf you haven`t bought PG before the previous earnings:
Then analyzing the options chain and the chart patterns of PG The Procter & Gamble prior to the earnings report this week,
I would consider purchasing the 155usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $8.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
P&G Quarterly Sales Fell Short of Wall Street EstimatesProcter & Gamble Co. ( NYSE:PG ) experienced a decline in its shares on Friday after the company reported quarterly sales that fell short of the expectations of Wall Street. The sales overshadowed an improved profit outlook for the company. The organic sales, which exclude the impact of acquisitions, divestitures, and foreign-exchange impacts, increased by 3% in the quarter that ended on March 31. This figure was lower than the 3.7% projected by analysts, and the shipment volumes were little changed from the previous year.
The Chief Financial Officer, Andre Schulten, stated that the company has headwinds, which include challenges such as currency volatility, ongoing weakness in China, and the company's SK-II beauty brand. On Friday, P&G shares fell 0.8% at 10:39 a.m. in New York trading. The stock had advanced 7.3% this year through Thursday's close, outpacing the 5.1% gain of the S&P 500 Index.
P&G's results for the fiscal third quarter show that shoppers are still spending more on essential goods. The company is set to boost its prices for the sixth consecutive year, helping the bottom line. The company now sees earnings, excluding some items, in the range of $6.49 to $6.55 a share in the current fiscal year. This is an increase of 12 cents from the previous forecast and above analysts' average estimate.
However, this has come at the cost of lower volume growth. In North America, where P&G gets half of its revenue, third-quarter volume rose by 3%, slightly below the prior quarter's 4%. Organic sales are expected to be up 4% to 5% in the current quarter, according to Schulten, who spoke during a conference call.
The gross margin, a measure of profitability, came in above estimates for the quarter. The company said its costs have fallen due to curtailed overtime at production lines and shifts to lower-cost ingredients. However, higher oil and diesel costs, along with pulp prices, may hurt results in the current quarter, Schulten said.
Schulten said that consumer behavior is "really stable," and "the supply situation on the commodity side has eased after Covid." Still, geopolitical conflict has led to softer demand in certain regions. He said that the impact is limited to a few markets where the tensions are leading retailers to be hesitant to promote and merchandise heavily. He named Turkey, the Middle East, and Indonesia as seeing weaker demand.
P&G posted higher-than-expected sales growth in its grooming division, which includes Gillette razors, citing higher prices in Europe and Latin America. Schulten said that business has been bolstered by total body shaving and intimate hair removal products, which P&G has targeted with shaving gels and Braun electric shavers for both men and women.
The company's fabric-care business, which sells Tide detergent, also outperformed last quarter. Its health care and baby products divisions, however, came under pressure, with volumes dropping in both categories, the maker of Puffs said.
P&G has struggled to expand sales in China, where it sells SK-II beauty products, amid weak consumer confidence. "The consumer is still a little bit shaken," Schulten said of China. "I think the market is coming back slowly. Will it be bumpy in the future? Yes, it won't be a straight line."
PG slow and steady long term winner with earnings coming LONGPG on the weekly chart gained 15% in a year and had a dip in the past two weeks with earnings
at the end of this week. PG persistently and consistently beats earnings estimates and pays a
dividend. Moreover, it consistently has a bit of a surge after earnings. I see this as an
opportunity to get a good stock on a 4% dip of a discount and hold it through earnings for
perhaps a 10% profit in two weeks while also picking up the quarterly dividend. Some traders
including those institutionally based believe that buying near to the middle line of the Bollinger
Bands is a good entry for getting fair value. I am one of them.
PG CALLThe daily candle closed in green and appears to confirm the double bottom formation right on the convergence of two support lines - support trend line and psychological demand area at $155. Expecting with high probability to continue to follow the trend line and retest $162 zone.
Procter & Gamble Company (PG) Technical Analysis ReportAs we dissect the price action and technical indicators for Procter & Gamble (NYSE: PG), we note the stock's recent oscillation within a defined trading range, offering potential insights into its future trajectory. The chart attached, dated mid-April 2024, provides a tapestry of technical indicators against the backdrop of a dynamic market environment.
Ichimoku Cloud Interpretation:
PG's price is meandering around the Ichimoku Cloud, which suggests a state of equilibrium between buyers and sellers, as denoted by the confluence of the price action and the cloud's leading span B. This infers potential indecision in the market, with an inclination towards consolidation within the span's support and resistance levels.
Fibonacci Retracement Analysis:
The deployment of the Auto Fibonacci Retracement tool encapsulates a recent swing high at approximately $163.14 and a swing low at $154.69. PG's price has recently retreated from the 0.618 retracement level near $158.91, a critical juncture often associated with significant market support or resistance. The rebound off this level suggests underlying bullish sentiment, potentially setting the stage for an assault on the 0.786 retracement level at $161.13 should bullish momentum persist.
Volume and Price Action:
Notably, the volume profile has evidenced fluctuation, with spikes coinciding with price declines, potentially indicative of selling pressure. However, the latest candlestick formation has not been accompanied by a significant volume increase, which could imply a lack of conviction in the selling.
Relative Strength Index (RSI) Observations:
The RSI is hovering near the 44.53 mark, nestling in the neutral territory. This signals neither overbought nor oversold conditions, offering limited directional bias from an oscillator standpoint.
Moving Average Convergence Divergence (MACD) Nuances:
The MACD histogram reflects a negative divergence, yet the appearance of diminishing bearish momentum bars could suggest a weakening of the downward pressure. The MACD line and the signal line are threading closely, hinting at a possible impending bullish crossover should the bulls muster sufficient strength.
On Balance Volume (OBV) Trends:
The OBV line is holding steady, indicating a relative balance between buying and selling pressure, correlating with the price action observed within a trading range.
Market Sentiment and News Impact:
The chart reveals that PG is slated to release its earnings report in the near future. This event serves as a potential catalyst for volatility and could decisively influence the stock's direction depending on the outcomes relative to market expectations.
Speculative Price Targets:
In the realm of speculation and should the market respond favorably to the forthcoming earnings report, we could envision an upward excursion towards the $161-$163 band, aligning with the aforementioned Fibonacci levels and recent price peaks. Conversely, a bearish revelation could precipitate a descent towards the $155 zone, with further downside potentially exposing the stock to the $150 psychological threshold.
In conclusion, the technicals for PG suggest a taut equilibrium, with latent potential for a decisive move post-earnings release. Traders may look to the Fibonacci levels for near-term price targets, with the Ichimoku Cloud offering a broader perspective on the prevailing market sentiment. Vigilance ahead of the earnings announcement is advised, as it could serve as a fulcrum for the stock's subsequent direction.
Procter & Gamble (PG)I anticipate NYSE:PG to rise in value by about 40% and I am waiting for the price to reach a favorable level before purchasing the stock. Let's observe how the situation unfolds.
Investment Opportunity PGPG is clearly bullish, it will be interesting to take a long position if the price go back on my demand zone in grey to continue the bullish trend.
downside risk 3%
upside profit 20% & more
pg become bearish if come on these level enter only on closing bases , mean of stoploss - GO HEAD TAKE RISK I'M HERE TO SUPPORT YOU always respect your stoploss
PG - Bullish TrendPG stock is in an upward trend, making Higher Highs and Higher Lows on 4H timeframe
PG short positionHi traders,
let's take a look at the PG chart.
The price has been traded in the range.
We are expecting the price to bounce until it reaches the resistance line.
After it reaches the resistance, we can take short position.
Entry, target and the stop loss are shown on the chart.
What do you think?
PG Growth Spurt: Buy Your Ticket to Profit!"## NYSE: PG - Procter & Gamble Company (The)
**Short Fundamentals:**
* **Market Cap:** $377.4 Billion USD
* **Dividend Yield:** 2.39%
* **P/E Ratio:** 26.38
* **52 Week Range:** $136.10 - $159.83
* **Current Price:** $160.40 (as of February 21, 2024, 4:03 PM PST)
* **Industry:** Consumer Staples
* **Company Description:** Procter & Gamble provides branded consumer packaged goods across various segments like beauty, grooming, healthcare, fabric care, and baby care.
**Recent News:**
* **February 16, 2024:** Peter Lynch published a quantitative stock analysis on PG on Nasdaq.
* **February 15, 2024:** The Motley Fool article suggested considering PG as a passive income stock.
* **February 14, 2024:** Peter Lynch also published a Guru Fundamental Report for PG.
* **January 18, 2024:** PG paid its latest dividend.
**Disclaimer:**
* I am not a financial advisor and this information should not be considered financial advice.
* Past performance is not indicative of future results.
* Investing involves risk, and you could lose money.
* Please do your own research before making any investment decisions.
PG @ $ 157This chart inside the video is an example of the rocket booster strategy:
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Step #1 - The price has to be above the 50 EMA
Step #2 - The 50 EMA should be above the 200 EMA
Step#3 - The 50 EMA should cross above the 200 EMA
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Rocket boost this content to learn more
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Disclaimer: You will lose money trading take this as a warning!! Do not buy or sell anything i recommend to you. Please Do your own research before you trade.
PG: aiming for the Nov 2023 highs?A price action above 148.00 supports a bullish trend direction.
Increase long exposure for a confirmed break above 152.00.
The target price is set at 154.00 (just below the 78.6% Fibonacci retracement level).
The stop-loss price is set at 147.00.
Almost testing its 200-day simple moving average, which might support the bullish price action.
Instant Buy on PG.Thank you as always for watching my analysis on $NYSE:PG.
May God bless you and your family this upcoming week.
Lamentations 3:21-22.
The case of "smelly ladies" advertisement !Read this latest news here
There have been many cases of western brands that seems to make the mistake of no common sense in their advertisement , only to offer apology hereafter. What is their motive ? I dunno, could it be a reverse psychology strategy to get more hits and views ? Maybe........
But importantly, it has no bearings on its share prices. In fact, it is trending up and I think it offers a good opportunity now to go LONG !
P&G: Possible Buy AreasAreas plotted to look out for, combined with daily and weekly moving averages to be used as S/R confluences.
