The Greedy Trader Weekly Analysis
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Daily D%-Slow:> 90
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Lane's Stochastic (%D-Slow)

The Lane's Stochastic indicator developed by George Lane is one of the most useful and widely used momentum oscillators in technical analysis. Lane's Stochastic oscillator uses four indicators to combine relative strength with moving average methods. %K is an un-smoothed RSI. %D is a moving average of %K (fast stochastic). %D-Slow is a longer term moving average of %K, and finally %D-Slow (slow stochastic) Moving Avg. is another moving average. Like other overbought oversold oscillators, they are normalized within a scale of 0 to 100. Buy/sell signals are generated by %D stochastic crossover with its moving average above 80%, for overvalued, or below 20%, for undervalued stocks. The divergence between price and indicator is the most important buy/sell stocks trading signal. Lane's Stochastic bullish divergence/bearish divergence should be considered together with other stock market trading alerts, trading indicator and technical trading techniques.

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- 3/15/2024 -
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Colgate-Palmolive (CL) Technical Analysis

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Summary:
Weekly :Relative Strength Index and Williams' Percentage Range are overboughtLane's Stochastic is strongly overboughtLane's Stochastic bearish divergenceTrend support at 88.46
Daily :Lane's Stochastic is overboughtThe price has fallen below the Parabolic SAR
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It was a fifth consecutive positive week for the Colgate-Palmolive (CL). During the week, the CL climbed 0.38 points, or 0.43%, and closed at 88.45 on Friday, March 15, 2024. Weekly volume was -14% below average.

Long-term trend: [See CL long-term trend chart]
A long-term uptrend had started on October 6, 2023 at 67.62 and reached 89.36 on March 13, 2024. CL gained -21.74 points, or -32.15%, in 22 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (88.46) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See CL medium-term trend chart]
A medium-term uptrend had started on February 12, 2024 at 82.68 and reached 89.36 on March 13, 2024. CL gained -6.68 points, or -8.08%, in 4 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 86.19 and resistance is at 89.88. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See CL weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 3, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See CL short-term trend chart]
A short-term downtrend had started on March 13, 2024 at 89.36 and reached 87.46 on March 15, 2024. CL lost 1.90 points, or 2.13%, in 2 days. The price is now at the 52.11% retracement level.

Daily Technical Indicators: [See CL daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.

The daily MACD line is above its signal line since February 21, 2024. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.09
Williams' Percentage Range (W%R) 31.30
Lane's Stochastic (%D-Slow) 81.50
Overbought
Greed/Fear Indicator (GFI) 74.43
Moving Average Converg./Diverg. (MACD) 1.33
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 87.50
Overbought
Williams' Percentage Range (W%R) 10.60
Overbought
Lane's Stochastic (%D-Slow) 90.05
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 82.33
Overbought
Moving Average Converg./Diverg. (MACD) 2.16
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 92.33
Monthly Trendline Resistance 89.88
Upper Bollinger Band 89.69
Parabolic System 89.45
Daily Stochastic Crossing 88.84
Weekly Stochastic Crossing 88.74
Quarterly Trendline Support 88.46
Price 88.45
20 Day Moving Average 86.89
Monthly Trendline Support 86.19
50 Day Moving Average 84.14
Lower Bollinger Band 84.07
Sector and Industry
Description Name Rank
Sector Consumer Staples 4
Industry Personal Products 96
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 89.36
High Date 03/13/2024
Low 87.46
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 89.36
High Date 03/13/2024
Low 87.46
Low Date 03/15/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 89.88
Support 86.19
Low 82.68
Low Date 02/12/2024
High 89.36
High Date 03/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 92.33
Support 88.46
Low 67.62
Low Date 10/06/2023
High 89.36
High Date 03/13/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 86.41
High Date 11/20/2020
Low 67.62
Low Date 10/06/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.