JPMorgan projects organic sales growth of 1.9%—down from its previous 2.0% estimate but still above the consensus of 1.7%. Adjusted EPS is forecast at $7.08, marginally above the consensus, thanks to trade deals with Japan and the EU.

Q4 Earnings Preview and Dividend Outlook

PG will release its Q4 financials tomorrow. Revenue is expected to rise from $19.78B to $20.81B versus $20.53B in the same period last year. EPS is seen at $1.42, slightly above the prior year’s $1.40 but down from last quarter’s $1.54. The board has already approved the next dividend of $1.0568 per share, with a record date of July 18 and a payout scheduled for August 15. The implied yield stands at 2.72%, matching the sector median of 2.70%.

Technical Analysis: Key Support and Resistance Levels

PG shares remain in a corrective channelPG shares remain in a corrective channel

On the daily chart, PG is in a corrective trend, trading within a descending channel bounded by 165.00 and 148.00. Technicals remain bearish: fast EMAs on the Alligator indicator are well below the signal line, while the AO histogram shows persistent downside momentum.

Resistance levels: 161.00, 169.60
Support levels: 156.00, 148.00

Trading Scenarios and Weekly Setups

  • Primary Scenario (Sell Stop):
    Entry: 155.95
    Take Profit: 148.00
    Stop Loss: 160.00
  • Alternative Scenario (Buy Stop):
    Entry: 161.05
    Take Profit: 169.60
    Stop Loss: 159.00
  • Key levels for both scenarios: 148.00, 156.00, 161.00, 169.60

Short positions may be considered if price breaks and holds below 156.00, targeting 148.00 (stop: 160.00). Conversely, a move above 161.00 opens the way for longs towards 169.60 (stop: 159.00). Weekly timeframe recommended.