The Greedy Trader Weekly Analysis
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Quarterly Pattern:Falling Channel
Number of records: 10
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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
Colgate-Palmolive
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Summary:
Weekly :Broken trend resistance line
Daily :Bearish Advance Block CandlestickThe price has risen above the Parabolic SARTrend resistance at 66.83The 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 climbed 0.60 points, or 0.90%, and closed at 67.01 on Friday, September 07, 2018. CL was trading at average weekly trading volume.

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 chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (46.24) 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 long-term trend.

Medium-term trend: [See CL medium-term trend chart]
A medium-term uptrend had started on May 15, 2018 at 61.28 and reached 68.43 on August 3, 2018. CL gained -7.15 points, or -11.67%, in 11 weeks. The price is now at the 19.86% retracement level.

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

The weekly MACD line is above its signal line since July 6, 2018. This is an indication that the medium-term trend is up. 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 August 20, 2018 at 67.89 and reached 64.95 on September 5, 2018. CL lost 2.94 points, or 4.33%, in 16 days. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (66.83). The resistance is usually stronger when technical indicators are overbought. 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 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 below its signal line since August 23, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

Candlestick pattern: [See CL candlestick chart pattern]
On Friday the chart has formed a Bearish Advance Block Candlestick pattern. This pattern occurs in an uptrend; it is not a top reversal pattern, but it might precede a meaningful price decline. The reliability of the Bearish Advance Block pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Advance Block Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.99
Williams' Percentage Range (W%R) 40.50
Lane's Stochastic (%D-Slow) 54.20
Greed/Fear Indicator (GFI) 53.24
Moving Average Converg./Diverg. (MACD) 0.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.82
Williams' Percentage Range (W%R) 52.20
Lane's Stochastic (%D-Slow) 65.02
Greed/Fear Indicator (GFI) 56.53
Moving Average Converg./Diverg. (MACD) -1.27
Trading Signals
Description Value Chart
Upper Bollinger Band 67.97
Price 67.01
Weekly Stochastic Crossing 66.89
Weekly Trendline Resistance 66.83
20 Day Moving Average 66.57
Daily Stochastic Crossing 66.44
50 Day Moving Average 66.18
Lower Bollinger Band 65.17
Parabolic System 64.93
Weekly Trendline Support 64.55
Yearly Trendline Resistance 64.01
Sector and Industry
Description Name Rank
Sector Consumer Goods 3
Industry Personal Products 46
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 64.95
Low Date 09/05/2018
High 67.17
High Date 09/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 66.83
Support 64.55
High 67.89
High Date 08/20/2018
Low 64.95
Low Date 09/05/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 65.01
Low Date 08/13/2018
High 67.89
High Date 08/20/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.28
Low Date 05/15/2018
High 68.43
High Date 08/03/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 64.01
Support 46.24
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.

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