Procter and Gamble Came Into Today Down -2.19%

The Hourly View for Procter and Gamble

Currently, PG’s price is down $-1.44 (-0.91%) from the hour prior.
Procter and Gamble has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears.
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
Of note is that the 200 hour changed directions on PG; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Procter and Gamble’s hourly price chart is shown below.

At the time of this writing, PG’s price is down $-3.5 (-2.19%) from the day prior.
This is a reversal of the price action on the previous day, in which price moved up.
If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe.
The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of Procter and Gamble.

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