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Quarterly Pattern:Falling Channel
Number of records: 7
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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Archive
- 12/1/2017
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Colgate-Palmolive
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Summary:
Weekly :Oversold sector
Daily :The price has fallen below the Parabolic SARBroken trend resistance linePrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a second consecutive positive week for the Colgate-Palmolive (CL). During the week, the CL gained 1.03 points, or 1.43%, and closed at 73.04 on Friday, December 01, 2017. Weekly volume was 8% above average.

CL is a member of Consumer Goods Sector. Consumer Goods is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CL long-term trend chart]
A long-term uptrend had started on August 24, 2015 at 50.84 and reached 77.27 on June 7, 2017. CL gained -26.43 points, or -51.99%, in 93 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 70.91 and resistance is at 78.41. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See CL medium-term trend chart]
A medium-term downtrend had started on June 7, 2017 at 77.27 and reached 69.05 on October 30, 2017. CL lost 8.22 points, or 10.64%, in 20 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 68.66 and resistance is at 75.83. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See CL weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 27, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 November 13, 2017 at 73.83 and reached 71.31 on November 29, 2017. CL lost 2.52 points, or 3.41%, in 16 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (70.97) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.

Daily Technical Indicators: [See CL daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since November 27, 2017. The distance between MACD and the signal line is low, but getting bigger.

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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.63
Williams' Percentage Range (W%R) 32.30
Lane's Stochastic (%D-Slow) 58.09
Greed/Fear Indicator (GFI) 58.12
Moving Average Converg./Diverg. (MACD) 0.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.07
Williams' Percentage Range (W%R) 50.90
Lane's Stochastic (%D-Slow) 39.94
Greed/Fear Indicator (GFI) 47.12
Moving Average Converg./Diverg. (MACD) 0.01
Trading Signals
Description Value Chart
Yearly Trendline Resistance 78.41
Quarterly Trendline Resistance 75.83
Upper Bollinger Band 74.19
Parabolic System 73.80
Price 73.04
Weekly Trendline Resistance 72.75
50 Day Moving Average 72.52
Daily Stochastic Crossing 72.51
20 Day Moving Average 72.26
Weekly Stochastic Crossing 72.26
Weekly Trendline Support 70.97
Yearly Trendline Support 70.91
Lower Bollinger Band 70.40
Quarterly Trendline Support 68.66
Sector and Industry
Description Name Rank
Sector Consumer Goods 2
Industry Personal Products 83
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 71.31
Low Date 11/29/2017
High 73.08
High Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 72.75
Support 70.97
High 73.83
High Date 11/13/2017
Low 71.31
Low Date 11/29/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 69.05
Low Date 10/30/2017
High 73.83
High Date 11/13/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 75.83
Support 68.66
High 77.27
High Date 06/07/2017
Low 69.05
Low Date 10/30/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 78.41
Support 70.91
Low 50.84
Low Date 08/24/2015
High 77.27
High Date 06/07/2017
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.

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