The Procter & Gamble Co. (PG/NYSE): general review
30 November 2018, 10:55
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | SELL STOP |
| Entry Point | 91.50 |
| Take Profit | 89.00, 87.00, 86.00 |
| Stop Loss | 92.35, 94.00 |
| Key Levels | 87.50, 90.00, 91.50, 94.50 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 94.55 |
| Take Profit | 98.00, 100.00 |
| Stop Loss | 92.00 |
| Key Levels | 87.50, 90.00, 91.50, 94.50 |
Current trend
Procter & Gamble shares have increased by 4.7% since the end of October and are currently trading at a 1% discount to the 52-week high of November 16. The growth of the issuer's quotations in the second half of the year amounted to 26.4%. Following the past two quarters, Procter & Gamble faces the problems of unfavorable currency fluctuations, but the company managed to show sales growth, exceeding market expectations. In addition, investor interest is underpinned by Procter & Gamble’s success in reducing costs, increasing productivity, and marketing initiatives.
In the previous week, the stock of The Procter & Gamble grew by 1.54%. S&P 500 index went up by 3.31% during the same period.
Support and resistance
Shares of the company are consolidated near historic highs. No single direction tendencies are observed. After the prolonged growth, technical correction of the company's quotes is possible in the near future. Indicators show contradictory signals: the price has consolidated above MA (50) and MA (200), and MACD is declining. 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: 94.50.
Support levels: 91.50, 90.00, 87.50.
Trading tips
If the price consolidates below the level of 91.50, #PG may correct. Potential profits should be locked in by orders at 89.00, 87.00 and 86.00. Stop loss — 94.00.
If the price consolidates above 94.50, one may consider buying #PG. The target level for profit taking is at 98.00–100.00. Stop loss — 92.00.
Implementation period: 3 days.
Procter & Gamble shares have increased by 4.7% since the end of October and are currently trading at a 1% discount to the 52-week high of November 16. The growth of the issuer's quotations in the second half of the year amounted to 26.4%. Following the past two quarters, Procter & Gamble faces the problems of unfavorable currency fluctuations, but the company managed to show sales growth, exceeding market expectations. In addition, investor interest is underpinned by Procter & Gamble’s success in reducing costs, increasing productivity, and marketing initiatives.
In the previous week, the stock of The Procter & Gamble grew by 1.54%. S&P 500 index went up by 3.31% during the same period.
Support and resistance
Shares of the company are consolidated near historic highs. No single direction tendencies are observed. After the prolonged growth, technical correction of the company's quotes is possible in the near future. Indicators show contradictory signals: the price has consolidated above MA (50) and MA (200), and MACD is declining. 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: 94.50.
Support levels: 91.50, 90.00, 87.50.
Trading tips
If the price consolidates below the level of 91.50, #PG may correct. Potential profits should be locked in by orders at 89.00, 87.00 and 86.00. Stop loss — 94.00.
If the price consolidates above 94.50, one may consider buying #PG. The target level for profit taking is at 98.00–100.00. Stop loss — 92.00.
Implementation period: 3 days.
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