Procter & Gamble going down from hereProcter & Gamble looks overbought on the monthly, weekly and daily charts when looking at MACD and RSI
PG trade ideas
Procter & Gamble - watch 100SMA Technical Analysis
PG is a beautiful chart, maintaining an upward trend channel year to date; meaning very clear support/resistance levels.
The 100SMA (blue line) has been long-term support since late 2018.
The 50EMA (red line) has been an excellent shorter-term support. If we can cross this (now) resistance, out next resistance level is $125. *It has been a great buy/sell signal.
If we can't hold the 100SMA, the next support is the 200SMA, which is around $110.
Have a great weekend.
Happy trading!
PG: Weekly trend active...I think $PG is a good buy here, risking a drop under this week's low at least. Upside as per the green arrows but it may trend for much longer, judging by longer term charts and fundamentals for the company and macro trends.
Cheers,
Ivan Labrie.
PG - Weekly Mean Reversion - Bull Put Credit SpreadHigh Vol & High ROE Stock.
W RSI <10
Looking for Reversal to Mean higher.
Taking 115/110 Bull Put Spread.
with 120 Calls for directional bias Higher.
Nov Exp but aiming to Close in profit well before that...
Good Luck - Watch your $$$ RISK
...Any questions just DM me and I will try and answer them... Ryan
Gillette, the best toxic masculinity can getApparently Procter & Gamble just realised that men aren't actually total garbage. So nice from them, thanks.
Never ever going to buy any of their products again.
4th Oct $123.00 Put - Option Trade 1Proctor and Gamble seriously overvalued here before earnings (22 October)
I expect a small correction before earnings.
My Play;:
2 Contracts 4th Oct $123.00 Put @1.20
P&G- How Micro Patterns Create Long Term Trends: PGIn this illustration, we observe how various micro patterns can translate into a longer-term macro pattern. With the case of PG, for prevailing micro patterns have progressed in what appears to be a bullish rising channel which has recently broken through. As the longer-term trend unfolds, the micro patterns will form in series of periods of high volatility and low volatility. Each pattern gives us an idea into the minds of the collective market consensus. Let’s examine what each pattern tells us in terms of an observational standpoint.
ABCD:
the ABCD pattern is commonly referred to as a reversal pattern. This is because the ABCD typically occurs at key turning points within a stock’s prevailing trend. The ABCD represents between B&C that light selling activity has commenced. The overall formation depicts a weakening of bullish accumulation and that although prices continue to raise exhaustion of buyers will likely proceed.
Rising channel:
The rising channel pattern is a highly reliable pattern that is typically considered one of the safer longer-term patterns to examine. The rising channel is characterized by a series of price changes which occur at intervals in between symmetric areas of support and resistance where the price respects these areas and makes sharp or distinct changes in between the zones. The rising channel displays that traders have a clearly defined consensus of the future value of the security, and that reasonable amounts of selling and buying activity is occurring meaning there is interest and activity and therefore opportunity.
Pennant:
The pennant pattern can occur in numerous phases. Typically, the phases are characterized by the ascending or descending slope of the support or resistance lines. The pennant pattern commonly occurs at consolidation zones or within the boundaries of macro patterns. Tenants represent an overall tightening and narrowing of volatility and can be used to pinpoint key turning points either bullish or bearish regarding the stocks long-term trend.
Symmetric Broadening Wedge:
the symmetric broadening wedge at any point in the stocks long-term trend represents an expansion of volatility. In the case of the symmetric broadening wedge, the battle between the Bulls and Bears is considered more volatile than in the case of a standard broadening wedge. Indicated by the slope of the support and resistance lines, a standard broadening wedge will likely display a flat support or resistance line and a slanted support or resistance line a symmetric broadening wedge displays two sloped lines and therefore demonstrates a maximum expansion of volatility.
By examining the chart of PG, it is much easier to determine that micro patterns do in fact subsequently lead to longer-term macro patterns. PNG appears to be bullish dominated and experiencing increased accumulation over time. Although 2018 was more turbulent than two years prior, 2019 yielded favorable results for the security along with other existing industry leaders.
Analysis on PROCTER & GAMBLE 5.09.2019The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position: 100.00
• Take Profit Level: 101.00 (100 pips)
If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 99.00
• Take Profit Level: 98.50 (50 pips)
USDJPY
A possible long position at the breakout of the level 110.95
EURUSD
A possible long position at the breakout of the level 1.1355
USDCHF
A possible short position in the breakdown of the level 0.9995
GOLD
A possible short position in the breakdown of the level 1320.00
Breaking Previous PeakOscillators, indicators and CMF upwards AND above mid or zero lines, where applicable
$PG:NYSE - PROCTER & GAMBLE - Whale having a good run.Another mega brand having a nice consistent run. Up around 40% over the last year and looks to be in a reasonable value area looking at the indicators. Again a large stock that might not be a quick mover but will probably continue to grind away especially in a weaker economy. Might be a good counter-cyclical / defensive stock to look at. Worth a watch.
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies. It offers products under the brands, such as Olay, Old Spice, Safeguard, Head & Shoulders, Pantene, Rejoice, Mach3, Prestobarba, Venus, Cascade, Dawn, Febreze, Mr. Clean, Bounty and Charmin.
Proctor & Gamble Elliot Wave Analysis (Monthly)Above is an Elliot Wave analysis using the monthly log chart of P&G.
1. The yellow wave is an impulse wave. You'll see we're at the end of wave 5 of this impulse wave.
2. The purple wave shows that we're at the end of wave 5 inside of an ending diagonal (Rising Wedge) pattern.
A good short entry would be on the retest of the break of the rising wedge pattern (when the price revisits the bottom of the rising wedge pattern and confirms that it is resistance). As of the time I am creating this idea, the price is currently still within the pattern.
PG Real or False Breakout of 20 year channel?Neutral on this but it will be interesting to watch.
What do you think?
PG Trading Plan 7.2019Since PG has been trading at an all time high, it's bound to come back down. Ideally purchasing in the $70 dollar range is the best buy, but I believe that PG will continue to climb as it has in the past few decades.
