The Procter & Gamble Co. (PG/NYSE): general review
17 January 2019, 12:13
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | SELL STOP |
| Entry Point | 89.95 |
| Take Profit | 87.50, 85.00, 83.00 |
| Stop Loss | 92.35, 92.50 |
| Key Levels | 85.85, 87.50, 90.00, 93.00, 96.50 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 93.05 |
| Take Profit | 98.00, 100.00 |
| Stop Loss | 90.50 |
| Key Levels | 85.85, 87.50, 90.00, 93.00, 96.50 |
Current trend
Procter&Gamble shares rose by 4ю3% from a monthly low of December 24th. At the moment, the emitter's quotes are traded at a discount of 5.4% to the December 52-week high. The company specified the date of publication of financial results for the past quarter, which will be on January 23 before the opening of the market. The register of shareholders to receive quarterly dividends in the amount of USD 0.72 to be paid on February 15 closes on January 18.
During the previous week, Procter&Gamble shares grew by 0.46%. S&P500 index went up by 1.20% during the same period.
Support and resistance
The emitter continues to trade in the flat market. No single direction tendencies are observed. Key support and resistance levels are at 90.00 and 93.00, respectively. Technical correction is possible in the near future.
Indicators don't give a clear signal: the price has consolidated between MA(50) and MA(200), and MACD histogram is located near the zero line. Positions are to be opened from key levels.
Comparing the company's multiplier with its competitors, we can say that #PG shares are undervalued.
Support levels: 90.00, 87.50, 85.85.
Resistance levels: 93.00, 96.50.
Trading tips
If the price consolidates below the support level of 90.00, #PG shares may correct. Potential profits should be locked in by orders at 87.50, 85.00, and 83.00. Stop loss – 92.50.
If the price consolidates above the resistance level of 93.00, one may consider buying the company's stock. The moving potential is aimed at the area of 98.00-100.00. Stop loss – 90.50.
Implementation period: 3 days.
Procter&Gamble shares rose by 4ю3% from a monthly low of December 24th. At the moment, the emitter's quotes are traded at a discount of 5.4% to the December 52-week high. The company specified the date of publication of financial results for the past quarter, which will be on January 23 before the opening of the market. The register of shareholders to receive quarterly dividends in the amount of USD 0.72 to be paid on February 15 closes on January 18.
During the previous week, Procter&Gamble shares grew by 0.46%. S&P500 index went up by 1.20% during the same period.
Support and resistance
The emitter continues to trade in the flat market. No single direction tendencies are observed. Key support and resistance levels are at 90.00 and 93.00, respectively. Technical correction is possible in the near future.
Indicators don't give a clear signal: the price has consolidated between MA(50) and MA(200), and MACD histogram is located near the zero line. Positions are to be opened from key levels.
Comparing the company's multiplier with its competitors, we can say that #PG shares are undervalued.
Support levels: 90.00, 87.50, 85.85.
Resistance levels: 93.00, 96.50.
Trading tips
If the price consolidates below the support level of 90.00, #PG shares may correct. Potential profits should be locked in by orders at 87.50, 85.00, and 83.00. Stop loss – 92.50.
If the price consolidates above the resistance level of 93.00, one may consider buying the company's stock. The moving potential is aimed at the area of 98.00-100.00. Stop loss – 90.50.
Implementation period: 3 days.
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