PG stock: buy or sell

PG stock price: $142.23 1.97% At close on Jul 30th, 2021

Updated on:
Aug 1st, 2021

2

PG stock brief

  • After marking new all-time highs on Friday, Procter & Gamble closed at $142.23 rising a 1.97%
  • Last Thursday, Procter & Gamble posted its Q4 earnings report
  • The price is currently higher than the upper Bollinger band, which often indicates a near-term correction
  • On July 23, it broke out above $138.23, a resistance not crossed since last May.
  • The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa.

Should I buy Procter & Gamble stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $PG stock a buy?

Currently, Procter & Gamble stock matches one trading strategy:

ATH buy setup

One of the most recommended trading strategies is to buy on All-time Highs (ATH) breakouts. The good point of buying at ATHs is that shares price doesn't have upper resistances, and usually it scales fast. However, there's the risk of a bulls trap that may trigger your buy order and then falls sharply. That's why a stop loss is so important. Price is now at 1.62% of all-time highs and it can breakout at any time, so if you want to trade this setup it's recommended to setup your order at $144.54. Place your stop-loss at $130.09

Buy setupBuy pointStop lossRisk
ATH buy setup$144.54$130.0910.00%

Should I sell Procter & Gamble stock?

When you own stock shares with some profit, it's really hard to decide the best moment to sell and get your benefits. Trading strategies let us to avoid impetuous decisions based on our personal feelings or the buzz that surrounds the market. When selling, as well as buying, detailed strategies are very easy to follow but are only valid for selling stocks in your porfolio, not for shorting $PG stock

As a rule of thumb, you should not keep an operation that results in higher than expected losses upon purchase. The moment to sell shares should always be determined by the stop-loss (automatic or manual)

Is it time to sell Procter & Gamble stock?

In the current situation of Procter & Gamble there is not any eligible sell setup, so Procter & Gamble stock holders with operations in green can keep their positions

Procter & Gamble ratings

In the last 30 days we couldn't find any rating for Procter & Gamble

Procter & Gamble stock analysis

In early July, the price broke out over the previous top at $135.98 on the downtrend started last May. Since then, the price action resulted in a 4.60% gain.

$PG at Highs

On Friday, Procter & Gamble marked all-time highs (ATH) again at $144.54. Previous ATHs were in November 2020

SMAs overview

PG stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $142.38 (0.11% above)
  • R2: $144.20 (1.39% above)
  • The current support levels are:

  • S1: $138.43 (-2.67% below)
  • S2: $138.31 (-2.76% below)
  • S3: $138.23 (-2.81% below)
  • Bollinger bands

    When the price moves out of the band (above the upper line or below the lower line) it shows that the price action is maintaining a very strong trend and therefore can correct the trend to the average. In this case, the price is over the upper band, which should mean a possible near-term corrective movement (at least) until it is below the band

    PG stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last Wednesday after just crossing to the overbough zone for 1 day (weak signal). The RSI value on Friday was 68.6

    PG stock RSI chart

    Procter & Gamble stock price history

    Procter & Gamble went public on Jan 2nd, 1962 at $0.00 per share1. Since then, PG stock surged by -, with an average of 0.00% per year. An investment of thousand dollars at that time would have a value of $inf nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    PG stock price history chart

    Price target for Procter & Gamble stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.

    The following table shows the price target published by financial institutions over the last 30 days. Again, these forecasts are not direct recommendations for small investors and should not be trusted blindly.

    In the previous month we couldn't find any price target posted for Procter & Gamble stock.

    Earnings and financials

    Procter & Gamble ($PG) had the earnings call and posted the report last Thursday.

    Same quarter one year ago, reported EPS was $1.16, so recently reported EPS means -100.00%. Looking at turnover, figures moved up a 5.20% compared to $172.1B year over year.

    PG ($PG) is presenting Q1 earnings report next October.

    Procter & Gamble performance

    PG performance compared
    Company1m3m6m
    Procter & Gamble ($PG) 5.70% 6.80% 11.70%

    Disclaimer:
    The opinions contained in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not know the individual positions of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for learning reasons only

    PG summary

    Friday, July 30th, 2021
    Open$142
    Close$142.23
    Day range$141.55 - $144.54
    Previous close$139.48
    Session gain1.97%
    Average true range$2.22
    50d mov avg$135.61
    100d mov avg$134.19
    200d mov avg$133.62
    Earnings dateOctober 18th, 2021

    Frequently asked questions

    What is Procter & Gamble stock symbol?

    The Procter & Gamble Company is a public company trading in the US stock market with the PG symbol

    Is Procter & Gamble stock a buy or sell?

    Procter & Gamble had no ratings in the last four weeks Read the article to get additional tips on trading PG stock.

    Will PG go up?

    There were no predictions issued by market analysts in the last 30 days for Procter & Gamble.