Score 7.5 (out of 10): PROCTER & GAMBLE sets up for +5.8% rally in 2 months

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What’s Going On Here?

PROCTER & GAMBLE CO/THE has triggered a new technical analysis ‘rally reversal’ signal. During similar occasions, PROCTER & GAMBLE CO/THE shares had a median return of +5.8%, over the following 2 months – based on 10 historical occasions with 7 of those showing positive returns (70%). This buy signal for PROCTER & GAMBLE CO/THE received a high score of 7.5 (out of 10). This insight was generated on 2023-June-9 with last price of 146.56.

PROCTER & GAMBLE CO/THE is in the Cosmetics&Toiletries business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: PG US.

Previous Signal Returns:

2.6% (September-2022), -1.1% (May-2022), -3.3% (March-2022), 11.8% (September-2021), 7.9% (June-2021), 6.8% (January-2021), -4.4% (October-2020), 18.2% (May-2020), 6.3% (February-2020), 5.3% (September-2019).

We found 2 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 155.07 (+5.8%) has been reached. Based on PROCTER & GAMBLE CO/THE’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 143.96 (last price at 146.56), which is equivalent to a -1.8% decline.

Historical Chart:

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