A technical analysis of PROCTER & GAMBLE CO/THE.

Our stock screener has flagged PROCTER & GAMBLE CO/THE (NYSE:PG) as a potential breakout candidate. This occurs when the stock shows signs of consolidation after a notable upward trend. While we can't predict the actual breakout, it's worth monitoring NYSE:PG for potential movement.

In-Depth Technical Analysis of NYSE:PG

Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.

We assign a technical rating of 7 out of 10 to PG. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PG is only an average performer.

• Both the short term and long term trends are positive. This is a very positive sign.
• PG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month PG has a been trading in the 158.04 - 171.89 range, which is quite wide. It is currently trading near the high of this range.
• Prices have been consolidating recently, this may present a good entry opportunity.
• When compared to the yearly performance of all other stocks, PG outperforms 53% of them, which is more or less in line with the market.
• PG is part of the Household Products industry. There are 12 other stocks in this industry, PG did better than 45% of them.

Our latest full technical report of PG contains the most current technical analsysis.

Why is NYSE:PG a setup?

Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NYSE:PG currently has a 8 as setup rating:

PG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 170.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 169.44, a Stop Loss order could be placed below this zone.

How to trade NYSE:PG?

A breakout could materialize when the stock breaks out to new highs above the current consolidation zone. One could wait for this to happen and buy when this happens. A stop loss could be placed below the consolidation zone.

This article should in no way be interpreted as trading advice. You should always make your own analysis and trade or not trade based on your own observations and style. The article is based purely on some technical observations.

Every day, new breakout setups can be found on ChartMill in our Breakout screener.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.