The Greedy Trader Weekly Analysis
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Archive
- 6/7/2019
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Procter & Gamble
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Summary:
Weekly :Williams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Stochastic has raised above the signal lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price touches the upper Bollinger Band
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It was a first positive week for the Procter & Gamble (PG). During the week, the PG gained 5.86 points, or 5.69%, and closed at 108.77 on Friday, June 7, 2019. Weekly volume was -19% 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 109.38 on June 7, 2019. PG gained -70.01 points, or -177.83%, in 474 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend resistance line (77.24) 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 2, 2018 at 70.73 and reached 109.38 on June 7, 2019. PG gained -38.65 points, or -54.64%, in 57 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 108.15 and resistance is at 109.30. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See PG weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since May 24, 2019. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See PG short-term trend chart]
A short-term uptrend had started on May 31, 2019 at 102.40 and reached 109.38 on June 7, 2019. PG gained -6.98 points, or -6.82%, in 7 days. The price is now at the 8.74% retracement level.

Daily Technical Indicators: [See PG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The price touches the upper Bollinger Band. 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 advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 54.90
Williams' Percentage Range (W%R) 23.50
Lane's Stochastic (%D-Slow) 68.85
Greed/Fear Indicator (GFI) 66.75
Moving Average Converg./Diverg. (MACD) 0.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.11
Williams' Percentage Range (W%R) 8.10
Strong Overbought
Lane's Stochastic (%D-Slow) 70.64
Greed/Fear Indicator (GFI) 73.62
Moving Average Converg./Diverg. (MACD) 4.37
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 109.30
Upper Bollinger Band 108.79
Price 108.77
Quarterly Trendline Support 108.15
Daily Stochastic Crossing 107.93
Weekly Stochastic Crossing 107.11
20 Day Moving Average 106.11
50 Day Moving Average 105.31
Lower Bollinger Band 102.94
Parabolic System 102.58
Yearly Trendline Resistance 95.16
Sector and Industry
Description Name Rank
Sector Consumer Goods 7
Industry Cleaning Products 141
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 102.40
Low Date 05/31/2019
High 109.38
High Date 06/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 102.40
Low Date 05/31/2019
High 109.38
High Date 06/07/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 86.74
Low Date 12/26/2018
High 109.38
High Date 06/07/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 109.30
Support 108.15
Low 70.73
Low Date 05/02/2018
High 109.38
High Date 06/07/2019
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 95.16
Support 77.24
Low 39.37
Low Date 05/06/2010
High 109.38
High Date 06/07/2019
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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