Procter and Gamble Just Breached This Major Moving Average Level

The Hourly View for Procter and Gamble

  • At the moment, PG’s price is up $0.08 (0.06%) from the hour prior.
  • It’s been a feast for bulls operating on an hourly timeframe, as Procter and Gamble has now gone up 4 of the past 5 hours.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe.
  • 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 moment, PG’s price is up $3.34 (2.42%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Procter and Gamble has now gone up 4 of the past 5 days.
  • As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 20 day moving average, resulting in them with price now being above it. The moving averages on the daily 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.
  • Divergence between PG’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in PG’s price.

Below is a daily price chart of Procter and Gamble.

PG

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