Procter Gamble (PG) rose in its latest intraday trading as the stock attempts to recover part of its previous losses while also trying to relieve some of its clear oversold saturation on the RSI indicators, especially with the arrival of positive signals. However, continued negative pressure persists from trading below its previous 50-day SMA, which reinforces the stability and dominance of the main medium-term descending trend, particularly with the price moving alongside a supporting trendline for this bearish path.

Therefore we expect the stock to decline in its upcoming trading, as long as the resistance level at $144.45 remains intact, targeting again the support level at $138.15.

Todays price forecast: Bearish