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Archive
- 11/22/2024 -
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Procter & Gamble (PG) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a third consecutive positive week for the Procter & Gamble (PG). During the week, the PG gained 5.90 points, or 3.47%, and closed at 176.00 on Friday, November 22, 2024. Weekly volume was -14% below average.
PG is a member of Consumer Staples Sector. Consumer Staples is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See PG long-term trend chart]
A long-term uptrend had started on October 6, 2023 at 141.45 and reached 177.94 on September 10, 2024. PG gained -36.49 points, or -25.80%, in 48 weeks. The price is now at the 5.32% retracement level.
 Medium-term trend: [See PG medium-term trend chart]
A medium-term downtrend had started on September 10, 2024 at 177.94 and reached 159.80 on November 6, 2024. PG lost 18.14 points, or 10.19%, in 8 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (156.10) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. PG may retest the broken resistance line. It is considered to be a support line now. 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 medium-term trend.
 Weekly Technical Indicators: [See PG weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 October 4, 2024. This is an indication that the medium-term trend is down. 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 November 6, 2024 at 159.80 and reached 176.00 on November 22, 2024. PG gained -16.20 points, or -10.14%, in 16 days. Price is near the trend high.
 Daily Technical Indicators: [See PG daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since November 11, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.
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