Procter & Gamble Defies Market Gloom With Golden Cross Glow-Up

, Benzinga -  10:30 AM ET 4/7/2025 Investing Ideas

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While Wall Street chokes on tariff smoke, Procter & Gamble Co. ( PG ) just flashed a rare technical bright spot – a Golden Cross.

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Chart created using Benzinga Pro

That's when a stock's 50-day simple moving average crosses above its 200-day average, often seen as a bullish omen. In a market battered by Trump's tariff storm, it's the kind of move that makes even weary investors perk up.

Read Also: 3 Dividend Giants To Buy As Tariffs Hit Stocks

Golden Cross In A Bearish Jacket

The irony? Procter & Gamble ( PG ) still looks technically bruised. PG stock, at $163.75 sits below its eight, 20, and 50-day exponential moving averages, and it trails the 200-day simple moving average of $169.13 — a setup typically associated with continued bearish momentum.

The Moving Average Convergence Divergence (MACD) indicator is at a negative 0.41, while the Relative Strength Index (RSI) stands at 40.89, neither suggesting urgency to jump in.

Despite the recent Golden Cross, the company's technical health isn't exactly glowing. Over the past month, PG stock have fallen nearly 7%, and they're down 2.75% in just the last five trading days.

But the key distinction here is: they're not collapsing.

S&P 500 In A Tariff Tailspin

The same can't be said for the broader market. The SPDR S&P 500 ETF Trust ( SPY ) , which tracks the benchmark index, is down 13.57% year to date, with over 8% of that plunge coming in the past week alone.

As President Donald Trump's latest round of China tariffs hit investor nerves, high-beta names have taken a beating.

For defensive stalwart Procter & Gamble ( PG ), simply holding its ground is a quiet win — and a Golden Cross could be a subtle signal that strength is stirring beneath the surface.

Read Next:

  • Value Stocks Gain Ground As Inflation, Recession Fears Grow: 4 ETFs To Capitalize On The Trend

Image: Shutterstock

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