The Greedy Trader Weekly Analysis
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Archive
- 6/26/2020 -
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Procter & Gamble (PG)

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Summary:
Weekly :Broken trend resistance lineTrend support at 114.84
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the Procter & Gamble (PG). During the week, the PG dropped -3.69 points, or -3.10%, and closed at 115.23 on Friday, June 26, 2020. It was the worst weekly loss since April 24, 2020. Weekly volume was -12% below average.

Long-term trend: [See PG long-term trend chart]
A long-term uptrend had started on May 6, 2010 at 39.37 and reached 128.09 on February 6, 2020. PG gained -88.72 points, or -225.35%, in 509 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (81.53) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See PG medium-term trend chart]
A medium-term uptrend had started on May 14, 2020 at 111.25 and reached 121.82 on June 19, 2020. PG gained -10.57 points, or -9.50%, in 5 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (114.84) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See PG weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since June 12, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See PG short-term trend chart]
A short-term downtrend had started on June 19, 2020 at 121.82 and reached 115.11 on June 26, 2020. PG lost 6.71 points, or 5.51%, in 7 days. Price is near the trend low.

Daily Technical Indicators: [See PG daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 4.1% on Friday. It is 50.89% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.25
Williams' Percentage Range (W%R) 52.50
Lane's Stochastic (%D-Slow) 36.96
Greed/Fear Indicator (GFI) 40.91
Moving Average Converg./Diverg. (MACD) 0.54
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.64
Williams' Percentage Range (W%R) 31.10
Lane's Stochastic (%D-Slow) 54.11
Greed/Fear Indicator (GFI) 58.81
Moving Average Converg./Diverg. (MACD) -0.82
Trading Signals
Description Value Chart
Weekly Trendline Resistance 123.20
Parabolic System 121.67
Upper Bollinger Band 119.42
20 Day Moving Average 117.63
Daily Stochastic Crossing 117.38
Weekly Stochastic Crossing 116.79
50 Day Moving Average 116.61
Price 115.23
Weekly Trendline Support 114.84
Lower Bollinger Band 114.68
Yearly Trendline Resistance 95.46
Sector and Industry
Description Name Rank
Sector Consumer Staples 6
Industry Personal Products 48
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 121.82
High Date 06/19/2020
Low 115.11
Low Date 06/26/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 123.20
Support 114.84
Low 111.25
Low Date 05/14/2020
High 121.82
High Date 06/19/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 128.09
High Date 02/06/2020
Low 94.34
Low Date 03/23/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.73
Low Date 05/02/2018
High 128.09
High Date 02/06/2020
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 95.46
Support 81.53
Low 39.37
Low Date 05/06/2010
High 128.09
High Date 02/06/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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