The Procter & Gamble Co. (PG) Elliott Wave Forecast | Trading Lounge Daily Chart

PG Elliott Wave Technical Analysis

Function: Identifying Market Trend

Mode: Impulsive Wave Movement

Structure: Motive Wave Formation

Position: Wave (i) of {i}

Direction: Bullish Trend in Wave (i)

Details:

Procter & Gamble stock (NYSE: PG) is demonstrating strong bullish momentum, having maintained support above the $150 medium price level. According to Elliott Wave theory, the asset is currently advancing in wave (i) of {i}, suggesting further gains. The next target is the Minor Group 2 resistance zone, which starts around the $165 level, indicating continued upward movement.

The Procter & Gamble Co. (PG) Elliott Wave Forecast | Trading Lounge 1-Hour Chart

PG Elliott Wave Technical Analysis

Function: Trend Continuation Signal

Mode: Impulsive Pattern

Structure: Motive Formation

Position: Wave iv of (i)

Direction: Progression into Wave v

Details:

On the hourly chart, Procter & Gamble appears to be completing wave iv. If support holds at current levels, wave v of (i) could initiate, potentially triggering a bullish breakout near the $165 resistance area. A confirmed rise beyond this level would reinforce the positive trend setup.

Technical Analyst: Alessio Barretta

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Overview
This Elliott Wave analysis of Procter & Gamble (PG) on both daily and intraday charts highlights a potential continuation of the bullish trend. Sustained movement above critical resistance zones like $165 could confirm further upward trajectory for PG stock.