Nov. 14 at 2:49 AM
$PG is currently trading at
$147.96, below its 30-day moving average (MA30) of
$149.59 and 50-day moving average (MA50) of
$152.07, indicating a bearish trend. The RSI at 36.01 suggests that the stock is approaching oversold territory, which could indicate a potential reversal or consolidation. The recent 60-day high of
$161.67 and low of
$144.09 establishes a trading range, with current prices near the lower end.
Directional bias is bearish due to the price being below key moving averages, but the low RSI may signal a near-term bounce.
Suggested entry:
$146.50 (anticipating a short-term reversal).
Stop:
$144.00 (below the 60D low).
Targets:
$150.00 (first target at the MA30) and
$152.00 (second target at the MA50).
Monitor for signs of reversal as the price approaches the lower range.
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