Procter and Gamble (PG) Closes Last Hour Up $0.01; in an Uptrend Over Past 14 Days

The Hourly View for PG

Last Updated October 20, 2020, 10:16 GMT

Currently, PG’s price is up $0.5 (0.35%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as PG has now gone down 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. 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

The back and forth price flow continues for PROCTER & GAMBLE Co, which started today off at 141.91 US dollars, down 1.72% ($2.48) from yesterday. The price move occurred on volume that was down 7.11% from the day prior, but up 38.32% from the same day the week before. The daily price chart of PROCTER & GAMBLE Co below illustrates.

PG

PROCTER & GAMBLE Co Technical Analysis

The first thing we should note is that PROCTER & GAMBLE Co is now close to its 20 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that PROCTER & GAMBLE Co’s price has gone up 16 of the previous 30 trading days.

Overheard Around the Web

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

    Update from #Zaxby on www.t.me/capotrades
    Futures are up on hopes of the stimulus agreement. Looks like they are getting closer but tomorrow is the deadline.

    P and G earnings tomorrow
    Snapchat earnings tomorrow after bell
    Netflix earnings after bell as well
    $PG $SNAP $NFLX

    etravgib