Procter & Gamble may rise to 183.80 - 187.50

Our pivot point stands at 164.5.

Our preference

The upside prevails as long as 164.5 is support.

Alternative scenario

Below 164.5, expect 157.9 and 154.2.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 167.9725 and 167.1724).

Supports and resistances

191.5 **

187.5 *

183.8 **

179.8

170.16 (USD-last)

167.1

164.5 **

157.9 *

154.2 **

Number of asterisks represents the strength of support and resistance levels.