Procter & Gamble, ninth week of a buy signal
Procter & Gamble edges up 0.1% as buyers retake control on the daily chart
Our view last week
Procter & Gamble stock closes the week down 0.9%, with the MACD turning bearish and distribution still underway: the buy signal, now in its 8th week, loses further steam after the doubts that already surfaced seven days ago. On the daily chart, though, buyers stay clearly dominant — 76% of volume. Our weekly technical analysis is watching the next move closely.
This week's summary
Procter & Gamble closes a nearly flat week (+0.1%), but the contrast between timeframes is sharp. On the daily chart, buyers are back in control, with 81% of the last session's volume — up from last week. On the weekly chart, though, the stock stays below its 50-week average with the MACD under its Signal line, while the ADX is slowly starting to climb. The buy signal, now in its ninth week, remains in a holding pattern.
IQS Phase
46
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#93 / 167
US stocks in progress
Trade P&L %
-3.79%
from signal to date, no stop loss
Rank position
ranks 93rd among the 167 Longs already running for US stocks in our ranking, with a signal strength of 47 out of 100.
Sector context
SectorDefensive Staples
Benchmark ETFXLP
Sector regimein strong phase
Performanceweekly -0.12% · monthly +1.91%
PG belongs to the defensive staples sector (reference ETF XLP). The sector is classified in strong phase according to our weekly reading.
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