The Procter & Gamble Co. (PG/NYSE): general review
22 May 2018, 11:17
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 74.30 |
| Take Profit | 76.00, 77.50, 79.00 |
| Stop Loss | 72.50 |
| Key Levels | 71.00, 73.00, 74.25, 76.00, 77.50 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 72.90 |
| Take Profit | 70.00, 69.00 |
| Stop Loss | 74.50 |
| Key Levels | 71.00, 73.00, 74.25, 76.00, 77.50 |
Current trend
Since the beginning of 2018, The Procter & Gamble shares have fallen by 19.39% against the background of 2.19% growth in the S&P 500 index. The issuer's quotes are traded near the 2015 lows after two quarters with negative results caused by a slowdown in organic growth and a decline in the forecast for the financial year 2018, which is worse than the market's expectations.
The Procter & Gamble announced the expansion of its product line to 3,500 units on SmartLabel, a mobile online platform that discloses detailed information on products and ingredients.
In the previous week, the stock of The Procter & Gamble grew by 1.06%. S&P 500 index went up by 0.77% during the same period.
Support and resistance
Since the beginning of the month, the stock of #PG has been dominated by "bullish" tendencies. At the moment, the company's shares are consolidating. The current technical picture indicates a possible correction of the company's shares. A confirmation signal is the price and MACD indicator divergence. Indicators don't give a clear signal. Positions are to be opened from key levels.
Comparing company's multiplier with its competitors, we can say that #PG shares are undervalued.
Support levels: 73.00, 71.00.
Resistance levels: 74.25, 76.00, 77.50.
Trading tips
If the price consolidates above the local support level of 74.25, corrective movement is expected. Potential profits should be locked in by orders at 76.00, 77.50 and 79.00. Stop-loss will be placed at the level of 72.50.
If the price consolidates below 73.00 mark, one should consider selling the company's stock. The moving potential is aimed at 70.00–69.00. Stop-loss should be placed at 74.50.
Implementation period: 3 days.
Since the beginning of 2018, The Procter & Gamble shares have fallen by 19.39% against the background of 2.19% growth in the S&P 500 index. The issuer's quotes are traded near the 2015 lows after two quarters with negative results caused by a slowdown in organic growth and a decline in the forecast for the financial year 2018, which is worse than the market's expectations.
The Procter & Gamble announced the expansion of its product line to 3,500 units on SmartLabel, a mobile online platform that discloses detailed information on products and ingredients.
In the previous week, the stock of The Procter & Gamble grew by 1.06%. S&P 500 index went up by 0.77% during the same period.
Support and resistance
Since the beginning of the month, the stock of #PG has been dominated by "bullish" tendencies. At the moment, the company's shares are consolidating. The current technical picture indicates a possible correction of the company's shares. A confirmation signal is the price and MACD indicator divergence. Indicators don't give a clear signal. Positions are to be opened from key levels.
Comparing company's multiplier with its competitors, we can say that #PG shares are undervalued.
Support levels: 73.00, 71.00.
Resistance levels: 74.25, 76.00, 77.50.
Trading tips
If the price consolidates above the local support level of 74.25, corrective movement is expected. Potential profits should be locked in by orders at 76.00, 77.50 and 79.00. Stop-loss will be placed at the level of 72.50.
If the price consolidates below 73.00 mark, one should consider selling the company's stock. The moving potential is aimed at 70.00–69.00. Stop-loss should be placed at 74.50.
Implementation period: 3 days.
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