Resistance

Time

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>PG’s stock price surged 0.04% in the last trading session and is currently trading at $151.83.</a> </li> 
 <li> <span>2</span> <a>Procter and Gamble’s price (NYSE: PG) is trying to sustain near the 50-day EMA and trading at the lower trendline of an interesting pattern.&nbsp;</a> </li> 
</ul> 
<p>PG stock price showed selling pressure after it bottomed out in March 2023 to break above the previous swing high. The price then slid from a high of $158 to retest the previous breakout zone at $140. The buyers again took control of the game and rebound after testing the 200 EMA.&nbsp;</p> 
<p>Thereafter, the price surged forming a wide rising wedge and taking multiple supports from the lower trendline of the wedge. However, the price could not break above the previous swing high and slid down from the upper trendline of the wedge.&nbsp;</p> 
<p>The quarterly earnings pushed the price higher but the price could not break above despite delivering a good quarter. Currently, the price is trying to sustain near the lower trendline of the wedge so formed and waiting for the buying volume to enter the market.&nbsp;</p> 
<p>Procter and Gamble (NYSE: PG) is a consumer products company that sells five types of branded goods: Beauty – Hair, skin, and personal care products. Grooming – Shave Care products such as blades, razors, shaving creams, and appliances.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/42Wy39FClyYR9mlXT0WpupAVKy4OlGsO3MaywyZl0jcWTlY9ALQzdpsNwNYrj8_kFHMurPQ6JmIG45NzSXNsPaw449LkLoTNcJYrv37zqpkjN50b20UjmySzFd4iE6_OSKhsHG7QOlD8RprLDBKTS0A" alt="PG Stock Turning Around: Is It The Time To Step Out From P&amp;G?"> 
  <figcaption class="wp-element-caption">
    Source: barchart.com 
  </figcaption> 
 </figure> 
</div> 
<p>PG stock option-chain analysis states that the current implied volatility in the market is 15.45% with an increment of 0.12% in the last trading session. The at-the-money strike price has 906 open contracts on the put side and 106 open contracts on the call side indicating the dominance of buyers at the current level. The PUT/CALL ratio is 0.69 indicates that sellers dominate the market as per the data.</p> 
<h2 class="wp-block-heading" id="strong-pg-stock-price-may-take-a-rebound-from-the-lower-trendline-of-the-wedge-strong"><strong>P&amp;G Stock Price May Take A Rebound From The Lower Trendline Of The Wedge</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/rIvpZtqHAOMgz4JxjkHTkQSZ_7xLjkxh5kFz3c7481Szi8uiPz6O4i9lMOeQBaNYjyJYLqOSx_KUGw7dCr1sejbSHoJWkw9uww_yH174J1Oje3QdJmQyHj-9Isbfrsiowg3ZoGDSkTbBPLW5PpgtgPY" alt="PG Stock Turning Around: Is It The Time To Step Out From P&amp;G?"> 
  <figcaption class="wp-element-caption">
    Source: Procter and Gamble 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p><a href="https://www.thecoinrepublic.com/2023/08/02/will-procter-gamble-pg-stock-persist-in-rising-above-150/" rel="noopener noreferrer nofollow">The PG stock price </a>currently trades at $151.83 and is trying to sustain near the 50 EMA and lower trendline of the wedge.&nbsp;</p> 
<p>The short-term trend for the stock is currently neutral to mild bullish until the price maintains itself in the channel pattern. The P&amp;G price may receive buying volume at the lower trendline of the wedge and surge again.&nbsp;</p> 
<p><br>However, the breakdown of the channel pattern may turn the short-term trend bearish and the price may slip to its previous swing low and may take test the 200 EMA.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-the-technical-indicators-shows-short-term-weakness-in-the-pg-stock-over-the-daily-chart-strong"><strong>The Technical Indicators Shows Short-Term Weakness In the P&amp;G Stock Over The Daily Chart</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/5eFR1IwSmscu-jGtKRyigXOGLTro5Qo3dJSpcxtoaSGO89x93fxxSwRoeZAlu9RIHjbbUHR5cFIhcmuUidVpFQp3jw75E7ioKtUSn2Y59YIKEGRdVKCtZqtHn-cWlYfZMFB8-jThjmXYQTazZ4JxmV4" alt="PG Stock Turning Around: Is It The Time To Step Out From P&amp;G?"> 
  <figcaption class="wp-element-caption">
    Source: Procter and Gamble 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The daily <a href="https://www.thecoinrepublic.com/2023/08/02/will-procter-gamble-pg-stock-persist-in-rising-above-150/" rel="noopener noreferrer nofollow">PG stock price chart </a>shows that the price is trading above the 50 and 200 EMA indicating the dominance of buyers in the market. The overall Technical Opinion rating including RSI and MACD is signaling a 60% buy with a weakening short-term outlook on maintaining the current direction. The long-term indicators support the continuation of the trend.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>PG stock price prediction concludes that the stock price declined till the previous breakout zone after forming a new swing high in March 2023. Thereafter, the price got the buyer’s support and surged forming a widening rising wedge pattern since March 2023. The price is near the lower trendline and the 50 EMA at $151.83. The quarterly earnings were good but did not lift the price. The short-term trend is neutral to mildly bullish. The price may bounce from the lower trendline or break down and test the 200 EMA and the previous low.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $147.33 and $143.98.</li> 
 <li><strong>Resistance levels:</strong> $154.57 and $158.22.</li> 
</ul> 
<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 or stock comes with a risk of financial loss.&nbsp;</p>

PG Stock Turning Around: Is It The Time To Step Out From P&G?

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