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PROCTER & GAMBLE

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4PG trade ideas

Potentially Bullish Consolidation in Procter & Gamble Procter & Gamble quietly broke out of a 12-month range in November and December. Now, after a period of consolidation, it may be ready to continue higher. The first feature on today’s chart is the W double-bottom pattern above $156. That potentially suggests new support has developed above its previous all-time highs. Second, 50-day simple moving average (SMA) has caught up to the stock following its December surge. Third, MACD is turning upward again after dropping during the last month of consolidation. Finally, PG held its ground when markets tumbled in January. It’s also above its 50-day SMA – something that could only be said for about one-third of the S&P 500 on Thursday. That kind of relative strength in times of turmoil may foreshadow steadier gains if overall volatility fades. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:PG
by TradeStation
5
Bullish on Procter & Gamble. PGA very nice impulse is underway on this stock. This one appears to be multilayered, so we may come back to this again and again for further long positions in the future. Large cap stock so not super volatile, but an opportunity is an opportunity. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NYSE:PGLong
by Rykin_Capital
Procter & Gamble (PG) - A Bearish InsurrectionA lot of technical signs warrant taking a bearish thesis on PG. The first, and perhaps most significant, of these signs was the double top that occurred early 2022 when price twice rejected the $165 level. Consequently, the uptrend reversed; the bears took control. The next sign was the downward resolution of an established ascending channel. This downside break occurred in the premarket hours of Jan 18 and continued into the early trading hours of the day. The most recent technical sign is a symmetrical triangle, that the price is currently bounded to. The symmetrical triangle is likely to resolve further downwards very soon; I'll look to enter once this level is broken. The first PT for short positions is at $155 - this is based on the downward pressure from the continuation triangle. If price continues lower, we may see support come in at $154 and $150 so trim your position accordingly. Place stoploss right above the point of entry (on the former support, potential resistance) of the triangle consolidation - so around $156.30.
NYSE:PGShort
by UnknownUnicorn30271326
Procter & Gamble | Fundamental AnalysisProcter & Gamble's stock price gains have lagged the broader stock market for much of the pandemic. While sales and profits have skyrocketed since the beginning of 2020, the consumer sector giant has been left behind in a rally that has pushed fast-growing niches to new highs. But that performance gap is closing as investors` interest in hot tech stocks fades. P&G has a chance to build on the positive momentum when the company announces its fiscal 2022 Q2 results tomorrow. Let's take a look at why the owner of global brands like Tide, Bounty, and Pampers might deliver good news to shareholders tomorrow. First and foremost, we should look at sales momentum. Wall Street expects sales for the period ending in late December to be $20.4 billion. While that figure represents only a 3% year-over-year increase, it represents significant growth for the world's leading consumer goods giant. During the same period two years ago, sales were $18.2 billion, and P&G's 3% growth would be in addition to the 8% growth of a year ago. Few businesses can correspond to that level of absolute growth, but P&G is likely to engrave in direct comparisons with industry peers as well. On Wednesday, CEO David Taylor and his team are expected to talk about the market share gains that have made the company's revenues grow faster than rival Kimberly-Clark. P&G also has to show a better balance between price increases and increased sales, while Kimberly-Clark relies more on price increases to increase organic sales. The next important point is price increases. Both companies have been aggressively raising prices over the past few months to offset rising costs. For P&G, cost increases have not been insignificant either. Management expects inflation to reduce revenues by $2.1 billion this fiscal year. We will find out this week whether that short-term earnings forecast has worsened again, as it did three months ago. It is more likely, however, that P&G has been able to weather the price increases. Its market leadership and dominance in premium categories of in-home care, baby care, and tissue have made its stock resistant to inflation for decades. Its success will be seen in P&G's gross profit margin, which is nearly 20 percentage points higher than Kimberly-Clark's. Finally, the company's management will give analysts the basis for a new outlook. Much has changed since management updated its fiscal year outlook in late October. Major changes include renewed pandemic threats, difficulties in the supply chain, and rising costs of inputs such as plastic, paper, and oil. The report will clarify whether these problems have knocked P&G off its broad growth ambitions, which call for a sales increase of about 3% this year, which would be only a modest slowdown from last year's 6% jump. But even a slight decline in that forecast shouldn't worry investors, especially if P&G continues to gain market share and outperforms its competitors on metrics such as profitability. Shareholder returns will also be supported by share repurchase expenses and dividends, which are up for the 65th consecutive year. The annual payout has risen to $3.24 per share from $1.97 per share in the last decade alone. That stability is one of the main reasons why dividend investors love P&G stock, and it's unlikely to be threatened by any operational problems the company may describe this week.
NYSE:PGLong
by FOREXN1
2