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The Procter&Gamble Co., Awaiting a Positive Quarterly Report

1/18/2023 2:44 PM

The stocks of The Procter& Gamble Co., one of the leaders of the global consumer goods market, are in a corrective trend and are trading at the level of 150.00. 

Tomorrow, the company will publish a quarterly report, where, according to preliminary forecasts, revenue may amount to 20.67B dollars, surpassing the figure of the previous period of 20.61B dollars. Earnings per share (EPS) is expected to be around 1.58 dollars, which is also higher than the 1.57 dollars per share shown earlier. On the eve of the release, trading activity in the instrument remains reduced.

Also, the board of directors of The Procter & Gamble Co. said that for ordinary shares, as well as preferred securities of Series A and series B ESOP, dividends will reach 0.9133 dollars, which can bring holders 2.43% of income. The payment is scheduled for February 15 and should be the last in the amount of 0.9133 dollars per share, after which an annual indexation can be carried out, which will adjust the value to 0.9589 dollars per share. The registry will be closed on January 20.

On the daily chart, quotes are trading in a global uptrend, forming a local reversal within the Head and Shoulders pattern.

Technical indicators continue to hold the buy signal, which is actively weakening: fast EMAs on the alligator indicator are approaching the signal line, and the histogram of the AO oscillator has already moved into the sales zone, falling below the transition level.

Support levels: 148.90, 143.00. | Resistance levels: 154.30, 160.50.

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