PROCTER & GAMBLE Co (PG) Heads Down For the 2nd Day In A Row, in an Uptrend Over Past 30 Days; Price Base in Formation Over Past 90 Days

PROCTER & GAMBLE Co 4 Hour Price Update

Updated June 23, 2020 04:35 PM GMT (12:35 PM EST)

PG’s price is up $1.06 (0.9%) over the past four hours of trading. For context, PROCTER & GAMBLE Co’s peers in the in the Consumer Goods industry are up 0.2% on average in this time, while its counterparts in the broader Consumer Defensive sector are up by an average of 0.64%.

PROCTER & GAMBLE Co Daily Price Recap

PROCTER & GAMBLE Co came into today down 0.98% ($1.17) from the open of the previous day, marking the 2nd day in a row a decline has happened. This move happened on lower volume, as yesterday’s volume was down 68.01% from the day before — and down 37.33% from the same day the week before. Below is a daily price chart of PROCTER & GAMBLE Co.

PROCTER & GAMBLE Co Technical Analysis

The first thing we should note is that PROCTER & GAMBLE Co is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone down 6 out of the past 10 days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to PG:

    $PG
    $PG $QCOM $WFC $DKNG $PDD
    Stock Leaders last week
    Today is Sunday
    Good day to plan for next week
    In this market, can you plan anything?
    Gotta try
    Click below, sign in, and set up your bubbleboard with the stocks you follow.
    Then when the market is open, you can see your watchlist in green or red bubbles.
    The size of the bubble reflects the percentage change from the previous close.
    Hover over the bubble and there is the price change.
    Click on the bubble and a chart appears.
    https://thebubbleboard.com/?utm_medium=usr-shared&utm_campaign=lb&name=LEADERS%203&tickers=BIIB,CRM,DKNG,PDD,PG,QCOM,T,TDY,V,WFC,XOM

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