Procter and Gamble (PG) Closes Prior Hour Up 0.1%; Moves Down For the 5th Straight Day, Doji and Pin Bar Patterns Appearing on Chart

The Hourly View for PG

Last Updated November 23, 2020, 15:12 GMT

Currently, PG’s price is up $0.43 (0.31%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as PG 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 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 closed the day prior down 0.16% ($0.23); this denotes the 5th straight day it has gone down. This move happened on lower volume, as yesterday’s volume was down 10.52% from the day before — and down 14.88% from the same day the week before. Here is a daily price chart of PROCTER & GAMBLE Co.


PROCTER & GAMBLE Co Technical Analysis

Coming into today PROCTER & GAMBLE Co is now close to its 20 and 50 day averages, located at 140.58 and 140.3 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 16 out of the past 30 days. Also, candlestick traders! Note we see doji and pin bar patterns appearing here as well.

Overheard Around the Web

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

    $DMRC This company is a total disruptor.. its not the recycling that will make the a 5 billion company, it is everything else.. it is very rare, we { the little guy} can get shares this cheap. hold if you can without the day to worry of fluctuation of price. $WMT $PEP $PG