The Greedy Trader Weekly Analysis
Sign In Jun 15, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
TA Search
Quarterly Pattern:Falling Channel
Number of records: 10
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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
Colgate-Palmolive
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Oversold sectorWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :The price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the Colgate-Palmolive (CL). During the week, the CL gained 0.65 points, or 1.04%, and closed at 63.34 on Friday, June 08, 2018. Weekly volume was 14% 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 downtrend had started on January 19, 2018 at 77.91 and reached 61.28 on May 15, 2018. CL lost 16.63 points, or 21.35%, in 16 weeks. The price is now at the 12.39% retracement level.

Medium-term trend: [See CL medium-term trend chart]
A medium-term downtrend had started on April 18, 2018 at 72.61 and reached 61.28 on May 15, 2018. CL lost 11.33 points, or 15.60%, in 3 weeks. The price is now at the 18.18% retracement level.

Weekly Technical Indicators: [See CL weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. 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 and Williams' Percentage Range help.

The weekly MACD line is below its signal line since February 2, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 May 30, 2018 at 64.63 and reached 61.97 on June 6, 2018. CL lost 2.66 points, or 4.12%, in 7 days. The price is now at the 51.50% retracement level.

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

The daily MACD line is above its signal line since May 17, 2018.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.03
Williams' Percentage Range (W%R) 50.10
Lane's Stochastic (%D-Slow) 25.25
Greed/Fear Indicator (GFI) 44.71
Moving Average Converg./Diverg. (MACD) -0.88
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.77
Williams' Percentage Range (W%R) 90.00
Oversold
Lane's Stochastic (%D-Slow) 10.44
Oversold
Greed/Fear Indicator (GFI) 20.24
Moving Average Converg./Diverg. (MACD) -1.77
Trading Signals
Description Value Chart
50 Day Moving Average 65.91
Upper Bollinger Band 64.52
Price 63.34
20 Day Moving Average 62.70
Daily Stochastic Crossing 62.68
Weekly Stochastic Crossing 62.66
Parabolic System 61.98
Lower Bollinger Band 61.98
Sector and Industry
Description Name Rank
Sector Consumer Goods 2
Industry Personal Products 54
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 61.97
Low Date 06/06/2018
High 63.82
High Date 06/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 64.63
High Date 05/30/2018
Low 61.97
Low Date 06/06/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.28
Low Date 05/15/2018
High 64.63
High Date 05/30/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 72.61
High Date 04/18/2018
Low 61.28
Low Date 05/15/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 77.91
High Date 01/19/2018
Low 61.28
Low Date 05/15/2018
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.

Copyright© 2004-2016 All rights reserved.