Procter & Gamble: sellers take back control
Procter & Gamble slips 2.9% this week as sellers take back full control
Procter & Gamble: sellers take back control
Our view last week
Procter & Gamble is in week 2 of a new buy signal, with the week-1 confirmation closing positive. The technical picture is ordinary: setup quality indicator at 59 out of 100, signal strength at 35 out of 100, and low volatility. The stock ranks 107th among 125 open buys in US stocks, with earnings due in three to four weeks, on July 29.
This week's summary
Sellers firmly in control in the last session and a 2.9% weekly drop: Procter & Gamble shares stay under pressure, with buyer dominance clearly fading. It's the third week of the buy signal, and this week's technical analysis points to a still-ordinary picture, with the stock below its 200-week average for 21 weeks; the disciplined call is to hold the position unchanged.
IQS Phase
37
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#76 / 129
US stocks in progress
Trade P&L %
-2.22%
from signal to today
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