Family

Fabric

Resistance

Billion

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>PG stock shows accumulation, lifting the gains in the past sessions.</a> </li> 
 <li> <span>2</span> <a>Buyers have managed the gains beyond $150 and are showing bullishness.</a> </li> 
</ul> 
<p>The price of Procter &amp; Gamble stock (NYSE: PG) surpassed the round spot of $150 and showed bullishness on the charts. Moreover, the price traded above the significant moving averages and maintains the gains on the top. Furthermore, the stock’s trajectory indicates that if the price sustains above $150, it will initiate further buying toward the swings of $170 in the following sessions.&nbsp;</p> 
<p>Furthermore, PG stock has been trading inside the rising wedge pattern but respects the trendline, showing roller coaster moves in the past months. The price action now favors bulls and shows that buyers are looking to fetch the resistance mark of $160 in the upcoming sessions.</p> 
<p>Procter &amp; Gamble Co. engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric &amp; Home Care, and Baby, Feminine &amp; Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.&nbsp;</p> 
<p>The HealthCare segment includes oral care products like toothbrushes, toothpaste, and personal health care such as gastrointestinal, rapid diagnostics, respiratory, and vitamins, minerals, and supplements.&nbsp;</p> 
<p>Recently, PG stock released its Q2 earnings results which were above estimates. The price reacted to the earnings results with an up move above the round mark of $150 in the past sessions. The net income increased by 10.88% to $3.38 Billion (YoY) and the total revenue by 5.32% to $20.55 Billion (YoY). Moreover, the EBITDA margins increased by 15.93% to $4.87 Billion.</p> 
<p>At press time, PG stock is trading at $156.25 with an intraday drop of 0.03% showing neutral indications in yesterday’s session. However, the trading volume remained at 5.785 Million, and the market cap is $368.276 Billion. Analysts maintained a buy and overweight rating with a yearly target price of $168.20.</p> 
<h2 class="wp-block-heading" id="strong-pg-stock-shows-buying-traction-on-daily-charts-strong"><strong>PG Stock Shows Buying Traction On Daily Charts</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/VdMBbLkUzVdx9p6x1p4kuJDZY7VJwzHS8kCZHicx3njjNLy5f_qPaxOO-8t90lg5YDH0HKwpOhJr3cuaiu4U8tDBPTFu6a3gLf91jxteftldYii3mLH3fudWV6Uby9Nb045HT6obDIKr-1bF80R2rg" alt=""> 
  <figcaption class="wp-element-caption">
    Source: PG Stock Price Chart on TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>On the daily charts, PG stock price is trading above the key moving averages and lifting the gains from the past few months. The price action indicates that the price persists in rising and trying to catch further delights above $160. Moreover, the higher highs sequences will continue, and a double bottom pattern was noted on the charts.&nbsp;</p> 
<p>As per the Fib levels, PG stock price is trading above 50% and heading toward 61.8%, showing bullishness on the charts. Moreover, the price is near the upper bollinger band showing bullish cues, indicating a positive outlook.</p> 
<h2 class="wp-block-heading" id="strong-what-technical-indicators-suggest-strong"><strong>What Technical Indicators Suggest?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/wdQ5I-bMKBlAUxo7gnqxOx9-VBvfhk_Fq_pi8trnHMeHzf4HWmBRDXh8u3Ro3tLxmswaO4IBh5JpnJv4WDh57iLOQneqRhjkHu8Jj2eL0-FRGMBGdf0xBxz5eDvMmDsSGj607JMpF0Tqd94Xj2X54g" alt=""> 
  <figcaption class="wp-element-caption">
    Source: PG Stock Price Chart At TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>On the 4-hour chart, PG <a href="https://www.thecoinrepublic.com/2023/08/02/cxai-stock-price-analysis-cxapp-share-breaking-barrier/" target="_blank" rel="noopener noreferrer nofollow">stock price </a>showed an up move, registering gains beyond the key MA level. Moreover, the leading indicators suggest a rise in the upcoming sessions toward the trajectory highs of $160 and $165.</p> 
<p>The RSI curve stayed in the overbought zone near 65 and noted a positive crossover, showing buying traction and suggesting a rise in the following sessions.</p> 
<p>The MACD indicator showed converging moving averages showing neutral chart projections and indicating a volatile structure.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Procter &amp; Gamble stock (PG stock) shows a positive outlook and suggests a rise for the upcoming sessions. Furthermore, the price surpassed $150, indicating that buyers are gaining traction and looking to sustain the bullishness.</p> 
<h5 class="wp-block-heading"><strong>Technical Levels:</strong></h5> 
<p>Support Levels: $150 and $140</p> 
<p>Resistance Levels:$160 and $165</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Will Procter & Gamble (PG Stock) Persist In Rising Above $150?

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