The earnings of Procter & Gamble Stock have been increasing by an average of 14.3% per year, while the Household Products industry saw its earnings rise by 4.1% annually. According to Simplywall, a website that provides financial analysis, the revenues of Procter & Gamble Stock have been growing at an average rate of 4.7% per year. Procter & Gamble has a return on equity of 31.7% and net margins of 17.3%.
Procter & Gamble Stock’s shareholder equity is $45.4 Billion and its debt is $36.6 Billion, which gives it a debt-to-equity ratio of 80.6%. Its assets and liabilities are $119.9 Billion and $74.4 Billion respectively. According to Simplywall, Procter & Gamble Stock’s EBIT is $18.5 Billion, which means its interest coverage ratio is 44.2. It has $7.6 Billion in cash and short-term investments.
The market capitalization of PG stock is $360.451 Billion and the total revenue is $80.187 Billion. Moreover, the PG stock’s basic EPS is $5.91 and the price-to-earnings ratio is 26.22. The average volume is 6.794 Million and the current volume is 9.938 Million, the current volume is above average volume in Procter & Gamble Company ( NYSE: PG) stock.
Technical Analysis of Procter & Gamble in 1-D Time Frame
The price action shows that PG Company’s ( NYSE: PG) stock price bounced back from the major demand zone at $142.43 and rose sharply by about 65% by forming higher highs and lows. The PG Stock Price has been trading well by taking support on the trendline.
Moreover, on the one-day chart, the PG stock has created a bullish pattern known as an inverted head and shoulder. It is also observed that the PG Price has broken out from the $150 level, which is the neckline of the pattern.
If the PG Price holds above the current level, then it could continue to rise and reach the first and second targets at $157.12 and $160.60 respectively. However, if the PG price faces rejection from the current level and falls, then it could reach the nearest support levels at $146.91 and $142.43 respectively.
At the time of publishing, Procter & Gamble Company. ( NYSE: PG) is trading above the 20, 50, 100, and 200 EMA’s (exponential moving average), which is supporting the Procter & Gamble trend. Hence, Procter & Gamble is expected to move upwards giving bullish signals over the daily time frame chart.
The current value of RSI is 62.78 points. The 14 SMA is above the median line at 53.27 points which indicates that the price is bullish as the RSI is in bullish territory.
The MACD line at 0.5002 and signal line at 0.2960 are above the zero line and a bullish crossover was observed in the MACD oscillator which signals more bullishness for the PG share price.
Summary
Procter & Gamble Company. (NYSE: PG) shows that the investors and traders of the stock are bullish on the 1-D time frame. The price action shows a bullish outlook at the time of publishing. The technical parameters of the PG stock price also support the bullish trend. The major indicators MACD, RSI, and EMA are giving positive signals and imply that the uptrend may continue in the PG share price.
Technical Levels
- Support Levels: The nearest support levels are $146.91 and $142.43.
- Resistance levels:The nearest resistance levels are $157.12 and $160.60.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets or stocks comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/07/24/procter-gamble-prediction-pg-stock-price-uptrend-begins/