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.

PG

The Daily View for Procter and Gamble

  • 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.

PG

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