PG Elliott Wave Analysis | Trading Lounge Daily Chart |

The Procter & Gamble Co. (PG) – Daily Chart

PG Elliott Wave Technical Analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave (i) of {i}

Direction: Upward in wave (i)

Details:
Procter & Gamble has found reliable support above the Medium Level at $150, indicating the beginning of a move higher. The current Elliott Wave analysis places the stock in wave (i) of {i}, with a likely advance toward the Minor Group 2 resistance, which begins at $165.

The Procter & Gamble Co. (PG) – 1-Hour Chart

PG Elliott Wave Technical Analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave iv of (i)

Direction: Upward into wave v

Details:
In the short term, PG appears to be forming a bottom in wave iv. If this level holds, it would suggest the start of wave v of (i), potentially forming a bullish setup near the $165 mark. A decisive move above this level would strengthen the bullish case.

Overview
This technical assessment uses Elliott Wave principles to track Procter & Gamble’s momentum on both daily and hourly intervals. Analysts expect upward continuation, particularly if price action sustains above key resistance zones.

Technical Analyst: Alessio Barretta

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