long position on PGMy strategy is based on price action with the reading of certain indicators that I like while respecting all the values that define the stock maket
PG trade ideas
PG Proctor & Gamble Swing Long or InvestPG ( think soap, cleanser, laundry detergent toilet paper) is a stock that pays no
attention to market noise, In analysis terms, it is a low or no beta stock.
On a busy chart, the price is curently at the confluence of the SMA 50 21 and 9 averages
also sitting at the long-term VWAP anchored a couple of earnings ago.
It is also in the center of the high volume area on the longterm profile.
Earnings are steady and consistent typical of a reliable but slow-mover.
The rising MACD lines and the RSI piercing through its Ichimoto cloud
serve to further confirm that PG is in a confluence sweet spot.
I see this as a good spot to dollar cost average into a holding of 100 shares
to be used to sell monthly options for income or alternatively purchase
a call option contract at a strike of about $10 below current price with
DTE of 150-200 to make for a stable contract avoiding the market fluctuations.
long position on PGMy strategy is based on price action with the reading of certain indicators that I like while respecting all the values that define the stock maket
Procter and Gamble to extend losses from corrective channel?Procter and Gamble Co - 30d expiry - We look to Sell a break of 135.66 (stop at 139.66)
Trading within a Corrective Channel formation.
There is no clear indication that the downward move is coming to an end.
Daily signals are bearish.
135.83 has been pivotal.
A break of the recent low at 135.83 should result in a further move lower.
Our outlook is bearish.
The bias is to break to the downside.
Our profit targets will be 125.66 and 123.66
Resistance: 139.50 / 141.60 / 144.10
Support: 137.00 / 135.83 / 133.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Procter & Gamble Company – PG• Triple top formation in the first weeks of the year
• Followed by a correction to the price target of USD 143.60, which was the appr. high of the flag
• New flag formation with a price target of USD 124.94
• It looks like the stock will test the last October lows
PG AnalysisPrice has attacked the highs and broke out of the Wyckoff distribution schematic at 148.28. Following the order flow, price should be targeting the bullish POI at 130.87. Short-term wise, a retracement is expected, potentially into the bearish POI at 138.73 before continuing lower if a confirmation is given.
BUY OPPORTUNITY ON PROCTER & GAMBLE (10% RETURN)Hello Traders,
Nice opportunity on P&G for a long Trade with 2 areas to watch :
- 1st @ $136 zone
- 2nd @ $127 zone
Entry methodoly:
- Agressive entry with 100% of the position at level 1
- Conservative entry with 100% of the position at level 2
- Mixed approach : 50% of the position at level 1 and 50% at level 2
Happy trading
Bear flag breakdown in P&G?Procter & Gamble has struggled with weak product volumes recently, and now the stock could be showing signs of beginning a downtrend.
PG ended 2022 and began 2023 in a tight range between roughly $150 and $155. It broke lower on January 18 as earnings approached, followed by another drop after the results were made public.
The consumer giant stock then held its ground around $140, creating two noteworthy patterns. First, it consolidated and held under the 200-day simple moving average (SMA). That may suggest its longer-term trend is turning bearish.
Second, the sideways movement created a potential bearish flag. Today’s price action may represent a breakdown from that flag.
Finally, MACD has been falling for over a month.
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Proctor & Gamble - Bullish rebound expected Since the break out of the larger falling wedge, we saw a straight impulse rally after that. Despite a recent downside correction, the stock saw a potential upside after a rebound above the support at US$139.22 with a hammer. The upside is likely to target US$146.00 in the near-term. The first target price is at US$148.51, followed by US$148.51
PG seems to be bottomingWhen we look at data from March 2021, the overall pattern seems to follow a cyclic pattern aligning with the green cycles. The smaller cycles in red are providing trend for the near term and price action seems to align with the smaller cycles as well for shorter time cycles.
For the pattern to continue, we can expect a basing phase around this time (this is also a 61.8% Fib level now) and soon expect to go up.
The latest ER was positive but investors were not happy with the decline in sales volume. Although it is a slowdown, when I look at it from a higher level it seems to be okay:
1. PG has raised prices and that has an effect in lower sales volume - As commodities and freight prices are coming down, the prices may come back down
2. PG stopped sales in Russia - This is not a company fault and is more broader
3. PG indicated a sales decline in China - As China continues to re-open, this will improve
I am still holding my position and waiting for a clear low to be established.
Disclaimer: My opinion on stocks are mine alone and not to be taken as Investment advice.
$PG with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $PG after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
Getting back into trading.Dipping my toes. I like this company its very solid and most likely never going to zero. Nice hammer off the 200.
ES1! Natural Gas1.19.23 Bobby's Homework Assignment: Part 1: I have decided to spend A specific amount of time read the charts when it is more difficult to make a decision about the market...when there is a greater chance that I will be wrong. Sometimes the decisions are more difficult to make because the markets Is more difficult to interpret. However, it's better to make a decision based on the market then Having a vague feeling it's something is not right no real insight on why this is. Markets constantly Trigger concern and a sense of loss, but it is better to go back to the chart and define those behaviors that are on the chart first. Most unsuccessful Traders according to Andrew Manaker a PHD psychologist who works with professional Traders and amateurs if you're willing to pay for the service...Filter out the market and actually stop "seeing" the chart and they default to their Internal dialogues and reaction to fear in a way that has nothing to do with the chart or the commodity that they're trading. We want to focus on the chart and translate the information from the chart to a more objective decision about the market. I will make A video on natural gas because I ran out of time on this video.
Procter & Gamble consolidating ahead of the earnings releaseThe shares of Procter & Gamble Company (Symbol ‘PG’) has increased its share value by about 15% in the last quarter of the year. Procter & Gamble Company is expected to report its earnings for the quarter ending December 2022 on Thursday 19th of January before the market opens. The consensus EPS is $1,57 compared to the result for the same quarter last year of $1,66.
‘It is worth mentioning that P&G has a PEG ratio of 4.31. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. P&G's industry had an average PEG ratio of 4.1 as of yesterday's close.’ said Antreas Themistokleous, market analyst in Exness.
On the technical side the price has been trading in a very strong bullish movement in the last quarter with price finding resistance on the upper band of the Bollinger bands. Currently the price is trading around the $150 area and the lower band of the Bollinger bands which might act as a support.
The Stochastic indicator is heading to the oversold levels and in combination with the technical support levels mentioned it could support the price in the short term. If the price makes a valid break below the $150 level we might expect the next point of support laying around the $147 area which consists of the 23.6% of the Fibonacci retracement level and also the 50 day moving average.
P&G Big potential move in sight.A beautiful and mature bull flag has formed on a key zone of support for the P&G stock. Typically, best practice is to wait for the breakout but I like this chart set up so much I am starting a position at the lows of the flag. I have a healthy stop just under the flag formation.
Set your alerts, this one is going to make some moves soon!
Proctor and Gamble Run Dieing OffProctor and Gamble's massive run is coming to a potential end. Weakness is showing here with color rotations and TOP Signals printing.
Massive 20% run, really good time to take some profits.
Let us know what you think!
Procter & Gamble to break higher?Procter and Gamble Co - 30d expiry - We look to Buy a break of 154.72 (stop at 151.45)
Prices have reacted from 122.18.
Daily signals are bullish.
There is no clear indication that the upward move is coming to an end.
This stock has seen good sales growth.
154.65 has been pivotal.
A break of the recent high at 154.65 should result in a further move higher.
Our profit targets will be 162.88 and 164.88
Resistance: 154.65 / 157.00 / 160.00
Support: 149.00 / 145.00 / 142.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
PG - Small double top spotted at key resistance zoneBelieve that there could be a potential bearish downside towards the support at 146-144 support zone. Thereafter, could have a potential rebound.
Consumer Defensive Plays for a Red December $PG $PEP $CATGiven these potential dampeners on holiday mood, what are some ways to eke out some green amidst a sea of read? In the current economic environment, it may be beneficial for investors to consider consumer-defensive or cyclical stocks as a defensive play. These types of stocks are typically less sensitive to economic fluctuations and tend to perform well during challenging market conditions. Here are three consumer-defensive/cyclical stocks to consider that are have seen steady gains over the past quarter and continue to look attractive:
Procter & Gamble (NYSE: PG): Procter & Gamble is a consumer goods company that produces a wide range of household and personal care products. As a consumer-defensive stock, it tends to be less affected by economic downturns, as people continue to purchase household essentials even during tough times. Additionally, Procter & Gamble has a long history of steady dividend payments, making it an attractive choice for income-oriented investors.
PepsiCo (NASDAQ: PEP): PepsiCo is a multinational food and beverage company that produces a range of products, including snacks, beverages, and cereals. As a consumer-defensive stock, it tends to be less affected by economic downturns, as people continue to purchase food and beverages even during tough times. Additionally, PepsiCo has a strong track record of steady dividend payments, making it an attractive choice for income-oriented investors.
Caterpillar (NYSE: CAT): Caterpillar is a cyclical stock that produces a range of construction and mining equipment. Cyclical stocks tend to be more sensitive to economic fluctuations, as demand for their products is often tied to the overall state of the economy. However, Caterpillar has a strong balance sheet and a long history of steady dividend payments, which may make it an attractive choice for investors seeking a defensive play in a challenging market.
Overall, these three consumer-defensive/cyclical stocks may be a good choice for investors looking for a defensive play amidst challenging market conditions. While they may not offer the same potential for growth as more risky stocks, they may offer a more stable and reliable source of income and may be less affected by economic downturns. As always, it is important for investors to do their own research and consider their individual investment goals before making any investment decisions.
PG Short PG has formed a broadening formation on the daily time frame and an ascending channel on the 4hr time frame. Currently PG has reached it's over head resistance. Current short region is from $150-$153.
