Procter & Gamble bounces 2%, volume still skeptical
Procter & Gamble recovers 2% after the drop, but volume stays cold
Procter & Gamble bounces 2%, volume still skeptical
Our view last week
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.
This week's summary
Procter & Gamble shares bounce 2% this week and break the previous week's weakness, off a clean double bottom in the 142 area with a 10% intermediate rebound. Under the surface, though, volume isn't convincing: daily money flow stays negative and buyers made up only 13% of the session's turnover. The stock is in its fourth week of a buy signal, with signal strength at 41 out of 100: this week's technical analysis calls for caution.
IQS Phase
56
ordinary
Signal Strength
41
medium · weak
Sizing
REDUCED
Ranking
#76 / 112
US stocks in progress
Trade P&L %
-0.27%
from signal to today
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