empty
27.09.2021 10:57 PM
Reversal signals in PG stock price.

PG stock price closed today just above $141. Price has recently made three higher highs in price with the latest high just above $147. The RSI however did not validate bullish trend. The RSI has provided a bearish divergence signal, implying that a pull back is close. I believe the counter trend move has already started.

This image is no longer relevant

Blue lines- bearish divergence

Red horizontal line - support

With such a bearish divergence, I expect PG stock price to continue lower towards the red horizontal support at $138.90. I expect at least a back test of the previous highs at $139. Resistance remains the same at $146. The lower high in the RSI suggests weakening up trend. The RSI is far from oversold, I expect price to fall furher.

Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Stock Market Update for April 21st: S&P 500 and NASDAQ Resume Decline Amid New Rumors

At the close of the previous regular session, U.S. stock indices ended mixed. The S&P 500 gained 0.13%, while the Nasdaq 100 slipped 0.13%. The industrial Dow Jones dropped 1.33%

Jakub Novak 11:57 2025-04-21 UTC+2

US market: Trump blasts Fed Chair Powell, but stocks hold steady

S&P 500 Overview for April 18 US market: Trump blasts Fed Chair Powell, but stocks hold steady Major US indices on Thursday: Dow -1.3%, NASDAQ -0.1%, S&P 500 +0.1%, S&P

Jozef Kovach 10:34 2025-04-18 UTC+2

Stock Market Outlook for April 18: S&P 500 and NASDAQ Attempt to Stabilize

At the close of the previous regular trading session, U.S. stock indices ended mixed. The S&P 500 rose by 0.13%, while the Nasdaq 100 fell by 0.13%. The industrial

Jakub Novak 08:00 2025-04-18 UTC+2

US market: Powell expresses concerns about economy. Marker drops

S&P 500 Report for 17.04 US market: Powell warns of economic slowdown. stocks drop Major US indices on Wednesday: Dow -1.7%, NASDAQ -3.1%, S&P 500 -2.2%. The S&P 500 closed

Jozef Kovach 11:32 2025-04-17 UTC+2

US stock market update on April 17. SP500 and NASDAQ plummet after Powell's remarks

Following the previous regular session, US stock indices closed with a sharp decline. The S&P 500 fell by 2.24%, the Nasdaq 100 dropped by 3.07%, and the Dow Jones Industrial

Jakub Novak 11:31 2025-04-17 UTC+2

US stock market on April 16: S&P 500 and NASDAQ resume declines

Following the previous regular session, US stock indices closed slightly lower. The S&P 500 slipped by 0.17%, the Nasdaq 100 edged down 0.05%, and the Dow Jones Industrial Average dropped

Jakub Novak 12:22 2025-04-16 UTC+2

US market remains resilient despite tariff turbulence from Trump

S&P 500 Overview for April 16 The US market remains resilient despite tariff turbulence from Trump Major US indices on Tuesday: Dow -0.4%, NASDAQ 0%, S&P 500 -0.2%, S&P

Jozef Kovach 11:50 2025-04-16 UTC+2

S&P 500 and Nasdaq 100: direct signals from earnings and geopolitics

Tuesday's premarket opens with uncertainty, a state that often precedes a storm rather than calm on Wall Street. The S&P 500 futures are sliding toward 5,420 after a strong Monday

Anna Zotova 11:52 2025-04-15 UTC+2

US market at crossroads: up or down?

Overview for April 15 US market at crossroads: up or down? Major US indices on Monday: Dow +0.8%, NASDAQ +0.6%, S&P 500 +0.8%, S&P 500: 5,405, trading range: 5,100–5,800. Stocks

Jozef Kovach 11:52 2025-04-15 UTC+2

US stock market on April 15: S&P 500 and NASDAQ slow their gains

At the close of the previous regular session, US stock indices ended in positive territory. The S&P 500 rose by 0.79%, while the Nasdaq 100 gained 0.64%. The Dow Jones

Jakub Novak 11:34 2025-04-15 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.