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Downtrend ResistanceArchive
- 4/19/2024 -
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Procter & Gamble (PG) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :  
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| | It was a first positive week for the Procter & Gamble (PG). During the week, the PG gained 2.81 points, or 1.81%, and closed at 158.14 on Friday, April 19, 2024. It was the best weekly gain since February 23, 2024. Weekly volume was 24% above average.
 Long-term trend: [See PG long-term trend chart]
A long-term uptrend had started on October 10, 2022 at 122.18 and reached 163.14 on March 28, 2024. PG gained -40.96 points, or -33.52%, in 76 weeks. The price is now at the 12.21% retracement level.
 Medium-term trend: [See PG medium-term trend chart]
A medium-term uptrend had started on October 6, 2023 at 141.45 and reached 163.14 on March 28, 2024. PG gained -21.69 points, or -15.33%, in 24 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 144.32 and resistance is at 164.90. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See PG weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since January 19, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See PG short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 163.14 and reached 153.52 on April 19, 2024. PG lost 9.62 points, or 5.90%, in 22 days. The price is now at the 48.02% retracement level.
 Daily Technical Indicators: [See PG daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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