The Procter & Gamble Co. (PG/NYSE): general review
06 September 2018, 12:09
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 84.05 |
| Take Profit | 85.50, 87.00, 88.00 |
| Stop Loss | 82.50 |
| Key Levels | 79.50, 81.00, 82.00, 84.00, 86.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 81.90 |
| Take Profit | 79.50, 78.00 |
| Stop Loss | 83.50 |
| Key Levels | 79.50, 81.00, 82.00, 84.00, 86.00 |
Current trend
Procter & Gamble shares have strengthened by 3% since the publication of financial results for Q4 2018 in late July. The previous quarter was the 13th for the company, with earnings per share higher than market expectations. The driver of growth was an increase in sales, a decrease in the tax rate and a reduction in the number of shares issued. In the first half of 2019, Procter & Gamble management predicts a weak business growth.
Over the last week, The Procter & Gamble shares showed a decrease in value by 0.23%. S&P 500 dropped by 0.26% within the same period.
Support and resistance
The emitter shares have been in the side movement for a long time. No single direction tendencies are observed. #PG quotes have the potential to further growth. Indicators show mixed signals: the price consolidated above MA (50) and MA (200); MACD histogram is in the negative zone. Positions are to be opened from key levels.
Comparing company's multiplier with its competitors, we can say that #PG shares are undervalued.
Resistance levels: 84.00, 86.00.
Support levels: 82.00, 81.00, 79.50.
Trading tips
If the price consolidates above 84.00, one should expect the company's shares to grow. Potential profits should be locked in by orders at 85.50, 87.00 and 88.00. Stop loss — 82.50.
If the price consolidates below 82.00, sales of #PG should be considered. The movement potential is aimed in the area of 79.50–78.00. Stop loss — 83.50.
Implementation period: 3 days.
Procter & Gamble shares have strengthened by 3% since the publication of financial results for Q4 2018 in late July. The previous quarter was the 13th for the company, with earnings per share higher than market expectations. The driver of growth was an increase in sales, a decrease in the tax rate and a reduction in the number of shares issued. In the first half of 2019, Procter & Gamble management predicts a weak business growth.
Over the last week, The Procter & Gamble shares showed a decrease in value by 0.23%. S&P 500 dropped by 0.26% within the same period.
Support and resistance
The emitter shares have been in the side movement for a long time. No single direction tendencies are observed. #PG quotes have the potential to further growth. Indicators show mixed signals: the price consolidated above MA (50) and MA (200); MACD histogram is in the negative zone. Positions are to be opened from key levels.
Comparing company's multiplier with its competitors, we can say that #PG shares are undervalued.
Resistance levels: 84.00, 86.00.
Support levels: 82.00, 81.00, 79.50.
Trading tips
If the price consolidates above 84.00, one should expect the company's shares to grow. Potential profits should be locked in by orders at 85.50, 87.00 and 88.00. Stop loss — 82.50.
If the price consolidates below 82.00, sales of #PG should be considered. The movement potential is aimed in the area of 79.50–78.00. Stop loss — 83.50.
Implementation period: 3 days.
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