Procter Gambles stock price (PG) declined in latest intraday trading, amid ongoing negative pressure from trading below the 50-day SMA and under the dominance of the main downward trend, while moving alongside a short-term descending trend line. Additionally, we notice negative signals starting to stream from the Stochastic after reaching extremely overbought levels, exaggerated relative to the stocks movement, indicating the beginning of a negative divergence that would further intensify bearish pressure.

Therefore we expect the stock to decline in upcoming trading, as long as the resistance of $163.15 holds on, targeting the pivotal support level of $157.50.

Todays price forecast: Bearish