Procter & Gamble price attacks pivotal resistance - Forecast today - 25-04-2024

Procter & Gamble’s stock price (PG) rose in the intraday levels, tackling the pivotal resistance of $163.00, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, with positive pressure from the 50-day SMA, countered with negative signals from the RSI, which could hinder upcoming gains.

We still expect more gains for the stock, targeting the resistance of $169.00, provided the pivotal resistance of $163.00 is reliably breached. 

Trend forecast: Bullish