PG stock: buy or sell
Aug 1st, 2021
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 setup||Buy point||Stop loss||Risk|
|ATH buy setup||$144.54||$130.09||10.00%|
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
Supports and resistances
The current resistance levels are:
The current support levels are:
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
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
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 $inf nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Procter & Gamble stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.
The following table shows the price target published by financial institutions over the last 30 days. Again, these forecasts are not direct recommendations for small investors and should not be trusted blindly.
In the previous month we couldn't find any price target posted for Procter & Gamble stock.
Earnings and financials
Procter & Gamble ($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
|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
|Friday, July 30th, 2021|
|Day range||$141.55 - $144.54|
|Average true range||$2.22|
|50d mov avg||$135.61|
|100d mov avg||$134.19|
|200d mov avg||$133.62|
|Earnings date||October 18th, 2021|