How the (PG) price action is used to our Advantage
August 31, 2024, 20:16 pm ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PG
- Buy PG slightly over 169.21 target 174.9 stop loss @ 168.72 Details
The technical summary data tells us to buy PG near 169.21 with an upside target of 174.9. This data also tells us to set a stop loss @ 168.72 to protect against excessive loss in case the stock begins to move against the trade. 169.21 is the first level of support below 171.54 , and by rule, any test of support is a buy signal. In this case, support 169.21 is being tested, a buy signal would exist.
- Short PG slightly under 174.9, target 169.21, stop loss @ 175.41 Details
The technical summary data is suggesting a short of PG as it gets near 174.9 with a downside target of 169.21. We should have a stop loss in place at 175.41though. 174.9 is the first level of resistance above 171.54, and by rule, any test of resistance is a short signal. In this case, if resistance 174.9 is being tested, a short signal would exist.
Swing Trading Plans for PG
- Buy PG slightly over 171.59, target 174.9, Stop Loss @ 171.09 Details
If 171.59 begins to break higher, the technical summary data tells us to buy PG just slightly over 171.59, with an upside target of 174.9. The data also tells us to set a stop loss @ 171.09 in case the stock turns against the trade. 171.59 is the first level of resistance above 171.54, and by rule, any break above resistance is a buy signal. In this case, 171.59, 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 slightly near 171.59, target 169.61, Stop Loss @ 172.09. Details
The technical summary data is suggesting a short of PG if it tests 171.59 with a downside target of 169.61. We should have a stop loss in place at 172.09 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, 171.59, 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 171.59, target 174.9, Stop Loss @ 171.19 Details
If 171.59 begins to break higher, the technical summary data tells us to buy PG just slightly over 171.59, with an upside target of 174.9. The data also tells us to set a stop loss @ 171.19 in case the stock turns against the trade. 171.59 is the first level of resistance above 171.54, and by rule, any break above resistance is a buy signal. In this case, 171.59, 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 slightly near 171.59, target 170.94, Stop Loss @ 171.99. Details
The technical summary data is suggesting a short of PG if it tests 171.59 with a downside target of 170.94. We should have a stop loss in place at 171.99 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, 171.59, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Procter & Gamble Company (the) (PG) available here: PG.
PG Ratings for August 31:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
163.08 |
| P2 |
169.57 |
169.61 |
169.21 |
| P3 |
170.94 |
171.59 |
174.9 |
AI Generated Signals for PG
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Procter & Gamble Company (the) (NYSE: PG) data table below can help you with price action, and we have more details too. Trading plans for PG are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for PG:
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