Procter & Gamble may fall to 156.40 - 158.50

Our pivot point is at 169.9.

Our preference

Under pressure below 169.9.

Alternative scenario

The upside breakout of 169.9 would call for 173.4 and 175.6.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 166.8635 and 165.2234).

Supports and resistances

175.6 **

173.4 *

169.9 **

168.6

164.92 (USD-last)

160.5

158.5 **

156.4 *

154.4 **

Number of asterisks represents the strength of support and resistance levels.