Procter & Gamble (PG) Trading Report

August 07, 2021, 14:45 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Procter & Gamble (NYSE: PG) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for PG change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if PG is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for PG too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for PG

• Buy PG slightly over 139.93 target n/a stop loss @ 139.53. Details

The technical summary data tells us to buy PG near 139.93, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 139.53 to protect against excessive loss in case the stock begins to move against the trade. 139.93 is the first level of support below 141.41, and by rule, any test of support is a buy signal. In this case, if support 139.93 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for PG

• Buy PG slightly over 143.10, target n/a, Stop Loss @ 142.69 Details

If 143.10 begins to break higher, the technical summary data tells us to buy PG just slightly over 143.10, with an upside target of n/a. The data also tells us to set a stop loss @ 142.69 in case the stock turns against the trade. 143.10 is the first level of resistance above 141.41, and by rule, any break above resistance is a buy signal. In this case, 143.10, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short PG near 143.10, target 140.41, Stop Loss @ 143.51. Details

The technical summary data is suggesting a short of PG if it tests 143.10 with a downside target of 140.41. We should have a stop loss in place at 143.51 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 143.10, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for PG

• Buy PG slightly over 141.49, target 143.10, Stop Loss @ 141.16 Details

If 141.49 begins to break higher, the technical summary data tells us to buy PG just slightly over 141.49, with an upside target of 143.10. The data also tells us to set a stop loss @ 141.16 in case the stock turns against the trade. 141.49 is the first level of resistance above 141.41, and by rule, any break above resistance is a buy signal. In this case, 141.49, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short PG near 141.49, target 140.41, Stop Loss @ 141.82. Details

The technical summary data is suggesting a short of PG if it tests 141.49 with a downside target of 140.41. We should have a stop loss in place at 141.82 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 141.49, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

PG Ratings for August 07:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	127.87
P2	141.49	140.41	133.85
P3	143.92	143.10	139.93

Support and Resistance Plot Chart for PG

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