PROCTER & GAMBLE Co (PG) Makes Big Move Relative to Two Week Trend, Down 0.22%; in an Uptrend Over Past 90 Days

PROCTER & GAMBLE Co 4 Hour Price Update

Updated September 08, 2020 04:34 PM GMT (12:34 PM EST)

In the past four hours of today’s trading session, PG’s price is down $-2.33 (-1.69%). To help put that in perspective, note that PROCTER & GAMBLE Co’s peers in the in the Consumer Goods industry are down -0.77% on average during this time, while the broader Consumer Defensive sector is down by an average of -1.6%.

PROCTER & GAMBLE Co Daily Price Recap

PROCTER & GAMBLE Co is down 0.22% ($0.3) since yesterday, marking the 2nd day in a row a decrease has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 2.22% from the day prior, and up 56.71% from the same day the week before. Here 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 day averages, located at 137.1 respectively, and thus may be at a key juncture along those timeframes. 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 90 day horizon; over that time period, price has been moving up. For another vantage point, consider that PROCTER & GAMBLE Co’s price has gone down 6 of the previous 10 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard Around the Web

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

    $DMRC ..over the next year…tutes will be adding as this progresses. While I dont 100% agree with mgt approach to news releases and marketing the tech ….one thing is for sure the stock is SUPER undervalued here $WMT, $PG and 100's of others will be using our tech in the years to come. Not a 100% certainty but it should be at least trading back at 60 bucks. they still need to address working capital