DOW JONES OVERVIEW: PG AT MACRO UNCERTAINTY, SHORT TERM RISKProcter & Gamble is in uncertain situation on macro basis.
On long term basis price is trading between 10-year and 5-year means. Price close to macro means is actually an outlier, an indication of uncertainty of major market participants and investors regarding the stock.
On short term basis price is currently on downward risk, as it trades below the 1st standard deviation form 1-year mean @ 75.3 - indicating a downtrend on yearly basis.
Uncertainty
MACRO VIEW: SNP LIKELY TO FALL WITHIN WIDER LATERAL RANGEOn technical basis, SPY (The S&P500 ETF) has broken down below 1st standard deviation from quarterly mean (66 days), while also breaking below 1 year mean (264 days).
The price has now entered a downtrend on quarterly basis, and will continue to fall if price stays below 1st standard deviation from quarterly mean (207.1) Closest target is the lower 1st st deviation from 1 year mean (197.70)
After the target is tagged, price will likely stay within 1st standard deviation from 1 year mean for some time (range will be 197.7 - 212.5)
SPY is mostly influenced by upcoming September uncertainty, caused by upcoming US policy decision in regard to Iran (to leave it sanctioned or to open it up).