The Tide May Be Shifting for Procter and Gamble as it Crosses Below Its 20 Day Moving Average

The Hourly View for Procter and Gamble

  • At the time of this writing, PG’s price is up $0.1 (0.07%) from the hour prior.
  • The hourly chart shows that Procter and Gamble has seen 2 straight up 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 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Procter and Gamble’s hourly price chart is shown below.

PG

The Daily View for Procter and Gamble

  • At the moment, PG’s price is down $-0.12 (-0.08%) from the day prior.
  • The daily chart shows that Procter and Gamble has seen 2 straight down days.
  • As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe.
  • Most noteworthy in the world of moving averages on the daily chart is that the 20 day moving average has been crossed, with price now being above it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between PG’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in PG’s price.

Below is a daily price chart of Procter and Gamble.

PG

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