P&G Technical Analysis (NYSE:PG)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the P&G stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the PG stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for P&G. The technical analysis form of P&G stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
P&G Moving Average
Moving averages show the PG stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $78 is below the price of $78.2.
P&G Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the PG stock. The stock price is trading between the average and the upper band in the context of P&G bollinger bands.
P&G Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The P&G MACD indicator is below 0 indicating a bearish trend.
P&G Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 45.35 is the RSI value of PG stock.