PROCTER & GAMBLE CO. - Daily - Technical analysis published on 07/03/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
17%
67%
17%
My opinion
Bearish under 168.49 USD
My targets
156.16 USD (-4.66%)
149.09 USD (-8.97%)
My analysis
The strong short-term decline in PROCTER & GAMBLE CO. calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 168.49 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 156.16 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 149.09 USD as an objective. Crossing it would then enable sellers to target 146.70 USD. Be careful, a return to above 168.49 USD could jeopardize the reversal.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PROCTER & GAMBLE CO. rating 163.79 USD. On the day, this instrument lost -0.07% with the lowest point at 162.98 USD and the highest point at 164.21 USD. The deviation from the price is +0.50% for the low point and -0.26% for the high point.162.98
164.21
163.79
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by PROCTER & GAMBLE CO.:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of PROCTER & GAMBLE CO. in Daily shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 149.09 | 156.16 | 161.48 | 163.79 | 165.18 | 168.49 |
| Change (%) | -8.97% | -4.66% | -1.41% | - | +0.85% | +2.87% |
| Change | -14.70 | -7.63 | -2.31 | - | +1.39 | +4.70 |
| Level | Minor | Major | Major | - | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 160.06 | 160.89 | 162.39 | 163.22 | 164.72 | 165.55 | 167.05 |
| Camarilla | 163.26 | 163.47 | 163.69 | 163.90 | 164.11 | 164.33 | 164.54 |
| Woodie | 160.41 | 161.06 | 162.74 | 163.39 | 165.07 | 165.72 | 167.40 |
| Fibonacci | 160.89 | 161.78 | 162.33 | 163.22 | 164.11 | 164.66 | 165.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 158.37 | 161.47 | 163.20 | 166.30 | 168.03 | 171.13 | 172.86 |
| Camarilla | 163.59 | 164.04 | 164.48 | 164.92 | 165.36 | 165.81 | 166.25 |
| Woodie | 157.68 | 161.13 | 162.51 | 165.96 | 167.34 | 170.79 | 172.17 |
| Fibonacci | 161.47 | 163.32 | 164.46 | 166.30 | 168.15 | 169.29 | 171.13 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 156.78 | 160.21 | 162.56 | 165.99 | 168.34 | 171.77 | 174.12 |
| Camarilla | 163.33 | 163.86 | 164.39 | 164.92 | 165.45 | 165.98 | 166.51 |
| Woodie | 156.25 | 159.94 | 162.03 | 165.72 | 167.81 | 171.50 | 173.59 |
| Fibonacci | 160.21 | 162.42 | 163.78 | 165.99 | 168.20 | 169.56 | 171.77 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 42.75 | |
| MACD (12,26,9): | -0.2200 | |
| Directional Movement: | -8.82 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 165.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 168.59 | |
| Elder Ray (13): | -2.02 | |
| Super Trend (3,10): | 162.09 | |
| Zig ZAG (10): | 163.79 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 20.89 | |
| TEMA (21): | 164.79 | |
| Williams %R (14): | -72.99 | |
| Chande Momentum Oscillator (20): | -3.00 | |
| Repulse (5,40,3): | -0.1200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.89 |
| MA7: | 165.18 | |
| MA20: | 166.57 | |
| MA50: | 165.51 | |
| MA100: | 161.83 | |
| MAexp7: | 164.89 | |
| MAexp20: | 165.82 | |
| MAexp50: | 164.66 | |
| MAexp100: | 161.71 | |
| Price / MA7: | -0.84% | |
| Price / MA20: | -1.67% | |
| Price / MA50: | -1.04% | |
| Price / MA100: | +1.21% | |
| Price / MAexp7: | -0.67% | |
| Price / MAexp20: | -1.22% | |
| Price / MAexp50: | -0.53% | |
| Price / MAexp100: | +1.29% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on PROCTER & GAMBLE CO.. At the time of publication of this analysis, the latest news was as follows:
- P&G Appoints Neal Reed as Senior Vice President and Managing Director, P&G Australia and New Zealand
- Study the Consumer Job-to-be-Done to Spark Product Innovation
- Singularity Closes $2.2M in Latest Funding Round to Provide Institutions Confidential Access to DeFi
- Singularity Closes $2.2M in Latest Funding Round to Provide Institutions Confidential Access to DeFi
- How Women and Girls Inspire Superior Innovation by Our Brands
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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