October 28 Chart of the Day - Procter & Gamble

Highly precise price action technical analysis offers the strongest trading edges and the most opportunities across the markets, making it the foundation of our reviews.

Procter & Gamble (PG) is gaining attention following strong quarterly results and praise from industry experts.

Despite some downward revisions in earnings estimates, the company's innovation and strategic investments position it well for future growth.

While the headlines are encouraging, the chart tells a deeper story about what may be next for price action.

We'll review the chart from a price action perspective to identify potential levels of interest in both directions.

The charts highlight key levels where investors and traders alike will be watching closely.

Consistent profitable investing and/or trading requires a structured, rules-based approach to price action analysis. Proven processes, disciplined risk-reward management, and precise execution create the foundation for long-term success.

When combined with powerful mental performance strategies, this method becomes the ultimate blueprint for thriving in any market, on any time frame. 

As requested, this analysis will take a price action technical analysis approach to assess key levels and potential next price moves for this chart.

Since May 2023, we've showcased over 625+ Charts of the Day and provide a Free Quick Start Guide to traders with ambitious income goals for our patent-pending NeuroTrading Method™.

Monthly Chart 

On the monthly chart, price has been trending lower from the $180 area, but continues to respect the longer-term structure that’s been in place for nearly five years.

Price is currently hovering near the $150 zone, which aligns within the 50% - 61.8% Fibonacci retracement from the recent impulse leg.

A decisive close below this level could invite further downside toward $144 or even $129.

Meanwhile, sustained strength above $158 could mark the beginning of a new leg higher, potentially targeting the $167 area.

With plenty of volatility traders have had much to be happy with and long term buy and hold investors have been equally as happy.

This kind of movement highlights why a cautious and well-informed approach is essential when evaluating a stock’s short to mid term outlook.

Weekly Chart

The weekly view shows how price has been compressing within a descending channel since early 2024.

Bulls will want to see a breakout above $158 to shift momentum back upward, while bears are watching $146 as the key short-term pivot level.

The $121 support zone remains the line in the sand for long-term investors, as that area previously produced significant buying interest.

It goes without saying though, the only guarantee in the markets is that price cycles.  It cycles up and it cycles down across all time frames and all charts and rarely, if ever, moves in a straight line.

Only time will tell for sure what price will do next...

We’ve combined Fibonacci levels with key support/resistance zones and trend analysis to pinpoint potential price levels of interest and future targets.

With precision-focused charts like these, both traders and investors can confidently build and execute their strategies.

So what's next? 

Because You Were Interested in today's FREE Chart of the Day...

You may also be interested in this FREE Trading Workshop designed for traders with ambitious income goals but struggle with consistency.

The Breakthrough Method For Traders Who Know What To Do But Struggle With Consistency

Gain Confidence and Clarity with the Patent-Pending NeuroTrading Method™
Learn The Exact System With This Step By Step Training (Even If You Can Only Trade Part Time)

Start Seeing Measurable Results in 21 Days

FREE Registration!