Procter & Gamble: 6th week of the buy signal, still in the red
Procter & Gamble stock slips 2% as a daily hammer pushes back on the decline
Procter & Gamble: 6th week of the buy signal, still in the red
Our view last week
Procter & Gamble stock slips 1.7% this week but carves out a clean double bottom in the 144 area, with a 6% intermediate rebound. Under the surface the picture stays uncertain: candle bodies are losing conviction and sellers were slightly prevalent in the latest session, while the weekly MACD keeps deteriorating. Earnings land this very week, on July 29th: a potential jolt to an already fragile technical setup.
This week's summary
Procter & Gamble stock slips 2% this week, but the session closes with a hammer: a long lower wick and clearly dominant buy volume, the classic sign of downside rejection. Under the surface the weekly picture stays cautious, with distribution still underway. The buy signal is in its 6th week, fading in strength, and the trade currently sits at a 3.9% loss from entry: our weekly technical analysis is watching the next move closely.
IQS Phase
43
ordinary
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#43 / 120
US stocks in progress
Trade P&L %
-3.92%
from signal to date, no stop loss
Rank position
ranks 43rd among the 120 Longs already running for US stocks in our ranking, with a signal strength of 55 out of 100.
Sector context
SectorDefensive Staples
Benchmark ETFXLP
Sector regimein positive regime
Performanceweekly +1.09% · monthly +2.10%
PG belongs to the defensive staples sector (reference ETF XLP). The sector is classified in positive regime according to our weekly reading.
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