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- 1 PG stock price decreased 1.59% over the past week and is facing trendline resistance.
- 2 Procter & Gamble Company (NYSE: PG) stock’s 52-week price range is $122.18 – $158.38.
The PG stock’s earnings per share (EPS) for the trailing twelve months is 6.07 and its price-to-earnings ratio for the same period is 25.80. The PG stock has a CMP of $151.58 and an intraday loss of 0.37%.
The PG stock has a float of 2.355 Billion shares and a market cap of $357.258 Billion. The PG stock’s average volume for the last 10 days is 4.726 Million and its current volume is 6.328 Million.
The latest quarterly report showed a revenue of $20.55 Billion in PG stock, a net income of $3.38 Billion, and a profit margin of 16.46% for the period ending June 2023 The latest quarterly balance sheet of PG reported $120.83 billion in total assets and $73.76 billion in total liabilities for the quarter ending June 2023.
The last ex-dividend date was July 20th, 2023 and its payout ratio is 62.41%. The PG stock’s dividend yield for the TTM is 2.45% and its last dividend payment was $0.94 per share. The Procter & Gamble stock has been increasing its dividend amount every year and the dividend in the last five years grew from $2.90 to $3.68 per share.
Procter & Gamble Company will announce its financial results for the next quarter of 2023 on Wednesday, October 18th, 2023, before the market opens.
Technical Analysis of PG Stock Stock Price in 1-D Timeframe
The price action shows that Procter & Gamble Company stock price has been on an inclining trend since last year, increasing 11.67% in performance by making higher highs and higher lows.
At the time of writing, PG stock is facing resistance from the last earnings report and managing to decline with the downward trendline.
Therefore, if the PG price fails to sustain the current level and drops, it might hit the nearest support levels of $150 and $146.
However, if it maintains the current level, the PG price could continue to move upward and reach the first and second resistances of $155 and $158.
At the time of publishing, Procter & Gamble Company (NYSE: PG) is trading below 20 and 50-day EMA (exponential moving averages) which rejects the PG price trend. If more selling volume adds up, then the PG price might conquer supporting EMAs and support levels by making lower highs and lows.
The current value of RSI is 42.85 points. The 14 SMA is below the median line at 48.46 points which indicates that PG stock took rejection from the 14 SMA line, indicating the bearishness for the PG stock.
The MACD line at 0.2215 and signal line at 0.0459 are below the zero line and both lines have crossed each other. A bearish crossover is observed in the MACD oscillator which might signal more bearishness for the PG stock price.
Summary
The investors and traders of the Procter & Gamble Company (NYSE: PG) stock are bearish on the daily time frame. The price action reflects a bearish outlook at the time of publishing as the price is facing trendline resistance. The technical analysis oscillators and moving averages of the PG stock price highlight negative signals and imply that the downtrend may continue in the stock price.
Technical Levels
- Support levels: $150 and $146
- Resistance levels: $155 and $158
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
