NYSE:PG   Procter & Gamble Company (The)
Procter & Gamble has struggled with weak product volumes recently, and now the stock could be showing signs of beginning a downtrend.

PG ended 2022 and began 2023 in a tight range between roughly $150 and $155. It broke lower on January 18 as earnings approached, followed by another drop after the results were made public.

The consumer giant stock then held its ground around $140, creating two noteworthy patterns. First, it consolidated and held under the 200-day simple moving average ( SMA ). That may suggest its longer-term trend is turning bearish .

Second, the sideways movement created a potential bearish flag . Today’s price action may represent a breakdown from that flag.

Finally, MACD has been falling for over a month.

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