PG bearish divergences formingPG has been in an uptrend , but we can observe the bearish divergences developing.
If they play out, we will see a breakdown of the rising wedge.
Once it happens, the short position can be taken.
Enter short ONLY if the successful breakdown occurs.
If it doesn't happen , the uptrend will continue.
Approx. Target for shorts is shown on the chart , but keep in mind that everything depends on the breakdown point.
Do you agree?
Good luck
PG trade ideas
PG - POTENTIAL TREND REVERSALU.S. appeals court judges questioned a 2.5-year pause in a shareholder lawsuit against PG&E Corp officers and directors. The lawsuit concerns statements about the utility's wildfire prevention. A pension fund sued 44 corporate leaders in 2018. The case was paused until the end of PG&E's bankruptcy, but judges now question the need for this delay. Shareholders claim billions in damages, and insurance funds have decreased. PG&E's financials improved in Q2 2023, but the lawsuit's fate remains uncertain.
Looks like the best time for trend reversal.
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Potential double top in P&GConsumer staples are the second worst-performing major sector this year. (They lag only Utilities, according to TradeStation data.) Today we’re considering a potentially bearish pattern in one of the big names in the space: Procter & Gamble.
PG briefly traded above $158 in April without staying there. The same thing happened again last month. The result could be a double-top reversal pattern.
The stock next dove toward $152 and retraced half its drop toward $155. It then hit resistance at its low from August 4. That kind of price action may suggest sellers are taking charge.
Third, consider the series of higher lows since early June. PG is threatening to break that rising trendline and its 50-day simple moving average. Is that a sign of weakness over the intermediate term?
Finally, MACD has been falling since mid-August.
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P&GAMBLE, High Volatilty-Stock, Huge Triangle-Breakout Incoming!Hello, Traders Investors And Community, welcome to this analysis about the recent events, the current formation, and what we can expect in what the last weeks have shown us highly volatile stock PROCTER&G. As I mentioned already in past analysis about the stock-market we are progressing in historical levels within the whole market where we can observe big differences within the individual stocks and its price-levels, as some looking more bullish and have taken out all-time-highs already there are some stocks which show high downside potential. A big factor in these differences is the corona-crisis where we have gainers and losers either profiting out of the crisis or not because of the bad lineup in the real economy. Within P&G we have a stock which is consolidating in an increasing tightening range that will show a huge breakout the next times, although the bearish breakout is possible there are some stronger signs which making the bullish breakout more attainable.
When looking at my chart you can see that the stock is trading in this huge symmetrical triangle with the tightening pace and the current consolidation above the 100 and 30-EMA you can see marked in my chart with orange and light-green which is a decent bullish signal at the moment which can be the determining factor contributing to the upcoming bullish breakout. When looking at the past weeks and months we can examine that this is a highly volatile stock showing the big price swings in the past which can prove profit full for an intelligent trader with the right arrangement in the market. Compared to the leading index S&P 500 and other stocks we have a definite consolidation in this stock at the moment which can change as mentioned but compared to other stocks like BERKSHIRE or J&JOHNSON we have the confirmation of the underlying trend and tendency still awaiting within P&GAMBLE here. Counting all these factors together and in comparison with the other stocks, we can come to the conclusion that a breakout to the upside and visiting of all-time-high levels is more possible with this stock than the breakout to the upside.
COMPARISON STOCK: Stronger Than The Market: J&JOHNSON (4-Hour Timeframe):
COMPARISON STOCK: Weaker Than The Market: BERKSHIRE (4-Hour Timeframe):
After the stock has confirmed the breakout it can be traded with an entry immediately after the breakout or with a revisit of the higher boundary and a conservative entry, traders should decide according to individual risk-preferences. Remember that the breakout has to show with solid volatility to the upside a mere piercing and fall back into the triangle will indicate a fake breakout. When considering the corona-crisis factors the stock is a consumer durable which can show an anticlinal market-movement as consumer goods had a high demand in the lock-downs, this demand can increase again when there are coming new corona-restriction waves. We saw this demand also with the high bounces to the upside in this stock during the corona-breakdown period. So according to the current situation we have also a more bullish environment within the fundamental side of things, therefore, it will be interesting how this scenario plays out properly.
In this manner, thank you for watching, support for more market insight, good day and all the best!
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Information provided is only educational and should not be used to take action in the markets.
PG ascending triangle bullishP&G has been in a bullish trend for quite a long time. There is a possibility that it could break all-time high when breaking the ascending triangle pattern.
If the break out happens ,then we can enter the long position. Our estimated target is 179.84.
Do you agree? Let us know in the comment section
Ascending TriangleTop line is virtually flat.
Bottom line slopes up. Price is at support today,
All 3 triangles types, symmetrical, descending and ascending are neutral until broken.\\No recommendation.
This is a loose triangle. Tight triangles perform better.
Price is close to a gap that may provide support.
PG The Procter & Gamble Company Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PG The Procter & Gamble prior to the earnings report this week,
I would consider purchasing the $152.5 strike price Calls with
an expiration date of 2023-8-4,
for a premium of approximately $2.97.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
PROCTER & GAMBLE: Starting a strong bullish leg.Procter & Gamble is off to a strong rebound on the 1D MA50 with the 1D timeframe backing it up on very healthy bullish technicals (RSI = 64.041, MACD = 0.370, ADX = 25.513). With the 1D MACD just completing its 2nd Bullish Cross in more than a month, slightly over the 0.00 level, we will take this opportunity to buy and target the top of the longer term Channel Up (TP = 161.50).
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P&G Target $135Procter & Gamble is in a weekly uptrend but was hitting its „head“ on the 158.00 resistance. After consolidating there it fell through the local higher low, building a new lower low and is currently retracing to that former local low which acts now as a resistance. The stock showed large sell volume on that resistance last friday which suggests we might se another break down to the current support at 135.00.
We have two problems to consider in this trade:
1. The XLP (Index for Consumer Staples, with P&G as its biggest position) is currently more on a support than resistance and might suggest an upward move. That could mean P&G breaks through the 150.00 and is heading higher.
2. The yellow trend line was not broken yet. As a price action trader this is more of a minor problem to me because trend lines are artificial and only an indication for specific price action but should not be mistaken as price action itself.
I therefore suggest to wait what happens today. If we see further downward movement, the trade could be taken. If we remain at the 150.00 resistance without larger sell volumes we should skip this one. Also, do not forget that consumer staples show steady performance during recessions and inflation periods because of the nature of their products. Not a primary concern for technical traders but it should be kept in mind.
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🐻 Trade Idea: Short - PG
🔥 Account Risk: 1.00%
📈 Recommended Product: Knockout / Option
🔍 Entry: +/- 147.00
🐿 DCA: No
😫 Stop-Loss: 155.00
🎯 Take-Profit #1: 135.00 (75%)
🎯 Trail Rest: Yes
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PROCTOR & GAMBLE IS SOON TO SEE GOOD TIMES AHEADTECHNICALS -
HIDDEN BULLISH DIVERGENCE -
Procter & Gamble has formed a nice Positive Divergence or Hidden Bullish Divergence pattern on the Monthly chart indicating upside momentum on the chart
STRONG SUPPORT LEVEL
It has also Reversed Twice from a Strong Support zone which had earlier acted as Resistance level indicating further upside potential for the stock
REVERSAL FROM 50D SMA
It has also tested 50 Day Moving Average and has reversed from it nicely
FUNDAMENTALS -
NON-CYCLICAL STOCK -
It is in the sector of Consumer Non-Durable Goods (healthcare & hygiene) which is an all-weather sector making the stock immune even to the upcoming recession (if it comes at all)
EBITDA & NET PROFIT -
Its EBITDA & Net Profit Margin growth stands at 24% & 17% which beats almost 90% of its peers and ROE is at 31% which is the industry standard
DIVIDEND YIELD -
If that's not enough then the stock also gives a dividend with yield at 2.72% and it has paid dividend for 133 years and raised dividend for 67 consecutive years, what could be a better alternative than such a stable dividend paying stock during the upcoming downturn in the market (if it comes)
PG Earnings Play - LongPG recently bounced off key fib levels to continue up the channel. Earnings will be reported on 7/28 which gives us a good size window to jump in and let this ride up.
Reasons:
• Bounced off key fib level
• Continues to follow an upwards channel
• Earnings within 6 weeks
Comment below and let me know your thoughts.
Procter & Gamble is soon to see good times Ahead
TECHNICALS -
Procter & Gamble has formed a nice Positive Divergence or Hidden Bullish Divergence pattern on the Monthly chart indicating upside momentum on the chart
It has also Reversed Twice from a Strong Support level which had earlier acted as Resistance level indicating further upside potential for the stock
It has also tested 50 Day Moving Average and has reversed from it nicely
FUNDAMENTALS -
It is in the sector of Consumer Non-Durable Goods (healthcare & hygiene) which is an all-weather sector making the stock immune even to the upcoming recession (if it comes at all)
Its EBITDA & Net Profit Margin growth stands at 24% & 17% which beats almost 90% of its peers and ROE is at 31% which is the industry standard
If that's not enough then the stock also gives a dividend with yield at 2.72% and it has paid dividend for 133 years and raised dividend for 67 consecutive years, what could be a better alternative than such a stable dividend paying stock during the upcoming downturn in the market (if it comes)
Proctor & GambleLast 2 weeks have been rough on value and most health stocks. When Risk assets (Tech) outperform, stocks like value and health which are consider defensive tend to underperform or outright correct.
I think in the upcoming g next 2 weeks there will be a rotation back into value.
Here's PG on the weekly approaching trendline support, fibonacci support , weekly 50sma and daily 200sma all around 143 area .
Im looking for a pop up to 150 in the next week before a minor pullback then a leg Higher to 160.
Price usually doesn't go straight up, there's usually a accumulation pattern (Double bottom , inverted H&S) like I've showed in the yellow box
142 stop loss
PG on downtrend continuanceOn the 2 hr chart, PG was fighting heavy resistance for month. The supply /resistance zone is
on the chart from the Luxalgo indicator. Multiple touches but the zone was not broken.
Price has retraced down beyond the 0.5 Fib level. PG is tracking well with XLP the consumer
staples ETF shown as a thin black line on the chart.
The Luxaglo Echo indicator, a predictive AI tool suggests that price will retest the 0.5 Fib level
and then descend to the support /demand zone with a volume mean of 149.5.
I will take a short position with put contracts with a strike of $ 154 above the Fib 0.5 level
with DTE of 6 = 5/26.
For the stock position, I will set a sell limit of $153 also with a stop loss of $ 154 with the
the target for 2/3 of the position at $ 150 and the remaining third is to watch to see if the
zone brakes. I believe that this is a safe trade in a low-volatility stock set to capture
profit advantaging the prevailing trend running in concert with the subsector ETF.
PG Proctor & Gamble Swing Long or InvestPG had a triple bottom in March and now is again on an uptrend rest
march towards the all-time high of $ 165 which is the target here.
The volume indicator shows a slowly rising volume compared with March
with a spike on April 20th corresponding to a favorable earnings play.
The long term moving average shows the reversal of the downtrend
into a triple bottom ( long moving average with near zero slope)
and then the uptrend. The RSI indicator shows cycling between
overbought and oversold and so the entries for buying then selling call
options if one is more a trader than an investor.
Having had favorable earnings I see this as part of a recession type
an investment portfolio with all-time high as the target and looking
to hold through the next quarterly earnings if the uptrend has no
major correction in the meanwhile. Slow and stead wins the race.
I
Procter & Gamble to close its gap?Procter and Gamble Co - 30d expiry - We look to Buy at 149.61 (stop at 146.11)
The primary trend remains bullish.
This stock has seen good sales growth.
This is currently an actively traded stock.
We have a Gap open on 21/4/2023 from 150.85 to 154.94.
A higher correction is expected.
Previous support is located at 149.50.
We look to buy dips.
50 4-hour EMA is at 147.98.
Our profit targets will be 158.61 and 159.61
Resistance: 156.50 / 158.11 / 160.00
Support: 154.50 / 152.00 / 149.50
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The Following 3 Steps Have To Happen:Before You Buy In ResponseYou see its always about being patient
==
If you are not patient then you
will make mistakes in your trades
==
and you will miss good opportunities to make money
==
Remember the aim is for you to make money
==
The following steps have to happen:
==
1. The price has to hit a new high on the week
2. The price has to gap up on the candlestick chart
3. The price has to gap above the 13 Day EMA
==
When the 3 above steps happen you should buy
==
Before you enter a trade remember to keep your cool
after you see this opportunity
at market close on Friday
==
You then need to be ready to buy.
==
Remember you have to be patient
=
stay tuned for another buying opportunity
next week
==
Faithfully ,
Lubosi Forex
PG SELL ++++PG is way overbought here and approaching a shorter term triple top which it wont see on this leg. I would expect a short term correction to FIB .236 $147.12 then cloud support of $145.45 before possibly breaking through a triple top. Definitely a good trade for a scalp if those support levels are broken then we hold the short til next MA or support level. GL
PG technical analysis : Buy positionHi Traders,
Based on technical analysis, PG has just begin momentum in a bullish direction and is now a bullish sided market we can confirm that with all our RSI, Market momentum catcher and Market side catcher indicators all showing a green bullish signal. I'm expecting price to hit a target of 165.30, you can place a buy position around 150.50 or wait for a good buying position when price break the resistance line at 154 then place your buy position at 155.
Thanks,
Happy trading