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Procter & Gamble is soon to see good times Ahead

Long
Procter & Gamble Company (The) (NYSE:PG)  
peace_lover  
NYSE:PG   Procter & Gamble Company (The)
Support and Resistance Chart Patterns Moving Averages proctergamble Bullish Patterns Divergence reversal trading SPDR S&P 500 ETF (SPY)
3
0
supportandresistance chartpattern movingaverage proctergamble bullish divergence reversal trading spy

TECHNICALS -
  • Procter & Gamble has formed a nice Positive Divergence or Hidden Bullish Divergence pattern on the Monthly chart indicating upside momentum on the chart

  • It has also Reversed Twice from a Strong Support level which had earlier acted as Resistance level indicating further upside potential for the stock

  • It has also tested 50 Day Moving Average and has reversed from it nicely



    FUNDAMENTALS -
  • It is in the sector of Consumer Non-Durable Goods (healthcare & hygiene) which is an all-weather sector making the stock immune even to the upcoming recession (if it comes at all)

  • Its EBITDA & Net Profit Margin growth stands at 24% & 17% which beats almost 90% of its peers and ROE is at 31% which is the industry standard

  • If that's not enough then the stock also gives a dividend with yield at 2.72% and it has paid dividend for 133 years and raised dividend for 67 consecutive years, what could be a better alternative than such a stable dividend paying stock during the upcoming downturn in the market (if it comes)

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