PROCTER & GAMBLE Co (PG) Makes Big Move Relative to Two Week Trend, Up 0.83%; Breaks Above 20 Day Average

The Hourly View for PG

Last Updated February 19, 2021, 12:48 GMT

Currently, PG’s price is down $-0.54 (-0.42%) from the hour prior. This is the 2nd hour in a row PG has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on PG. Given that we see an uptrend on the 20 and 5 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

PROCTER & GAMBLE Co Daily Price Recap

PROCTER & GAMBLE Co is up 0.83% ($1.07) since yesterday, marking the 3rd day in a row an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 24.7% from the day before — and down 1.35% from the same day the week before. The daily price chart of PROCTER & GAMBLE Co below illustrates.


PROCTER & GAMBLE Co Technical Analysis

Moving average crossovers are always interesting, so let’s start there: PROCTER & GAMBLE Co crossed above its 20 day moving average yesterday. Volatility for PROCTER & GAMBLE Co has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 10 days PROCTER & GAMBLE Co’s price has gone up 6 them.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about PG:


    Here's another interesting thing about Revlon that most people do not know.

    It's well known that Ronald Perelman – who owns 87% of all Revlon stock -considers Revlon his 'living legacy'. It's what he's most famous for and Mr. Perelman considers it his 'crown jewel'.

    Revlon NEVER WAS and Revlon NEVER IS going to go bankrupt. All that chatter of bankruptcy was Perelman playing a game of poker with his lenders to get the best possible debt restructuring deal that he possible could. Perelman completed the restructuring and now Revlon has no big debt maturities due until 2024.

    To top it all off – Revlon won the equivalent of the largest lottery jackpot in business history in the amount of $500 Million due to a Citibank wire error the other day.

    If Perelman was ever going to sell $REV to $EL $PG or $JNJ it would be for fair value of least $45 per share