PG Rises on Defensive Appeal, Eyes $148 Resistance

$Procter & Gamble(PG)$

PG Rises +0.91%: Defensive Play Tests Key Resistance Near $145

Latest Close Data:

Closed at $144.49 on Dec 26, up +0.91% from prior close. Trading -19.7% below its 52-week high of $179.99.

Core Market Drivers:

Trading in holiday-thinned volume, PG's steady rise reflects its defensive appeal amid market uncertainty.

A consistent dividend yield of 2.86% continues to attract income-focused investors.

Technical Analysis:

Volume was low at 3.26M shares (Volume Ratio 0.48), typical for the holiday week.
The MACD histogram turned positive (0.521), signaling building bullish momentum.
RSI(6) at 52.56 has moved above 50, indicating a shift from neutral to mildly bullish territory.

Key Price Levels:

Immediate Pivot: $144.49 (Current Close)
Primary Support: $144.44 (Recent Support)
Strong Resistance: $148.04 (Near-term Ceiling)

Valuation Perspective:

TTM P/E of 21.09 is below its 3-year historical average of ~23.99, suggesting relative value. Forward P/E of 20.67 is at a discount to its own historical range.

Analyst Targets:

24 analysts have an average price target of $168.73 (+16.8% upside). Consensus is bullish with 5 Strong Buy, 11 Buy, and 11 Hold ratings.

Weekly Outlook:

Expect consolidation between $144.44 and $148.04 in the holiday-shortened week. A decisive break above $148 could target the $152-$155 zone. Downside risk is contained near $142.83.

Risk Disclaimer:

This analysis is for informational purposes only and not financial advice. Past performance does not guarantee future results. Investing involves risk, including the potential loss of principal.

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.