The Greedy Trader Weekly Analysis
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Quarterly Pattern:Falling Channel
Number of records: 9
Symbol:  

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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 :Trend support at 71.84
Daily :Stochastic signal line moved above oversold areaThe price has risen above the Parabolic SARThe period of high volatility of the stock price
Move cursor over the icon to see details.

It was a first positive week after 3 consecutive negative weeks for the Colgate-Palmolive (CL). During the week, the CL gained 1.70 points, or 2.44%, and closed at 71.46 on Friday, February 16, 2018. Weekly volume was 8% above average.

Long-term trend: [See CL long-term trend chart]
A long-term uptrend had started on August 24, 2015 at 50.84 and reached 77.91 on January 19, 2018. CL gained -27.07 points, or -53.25%, in 125 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (71.84) 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 downtrend had started on January 19, 2018 at 77.91 and reached 68.19 on February 6, 2018. CL lost 9.72 points, or 12.48%, in 2 weeks. The price is now at the 33.64% retracement level.

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

The weekly MACD line is below its signal line since February 2, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See CL short-term trend chart]
A short-term uptrend had started on February 6, 2018 at 68.19 and reached 71.84 on February 16, 2018. CL gained -3.65 points, or -5.35%, in 10 days. The price is now at the 10.41% retracement level.

Daily Technical Indicators: [See CL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.

The daily MACD line is below its signal line since January 25, 2018. The distance between MACD and the signal line is low and getting smaller.

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.

The distance between the Bollinger Bands is 166.34% higher then one year average. It indicates the period of high volatility of the stock price. 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) 40.02
Williams' Percentage Range (W%R) 70.60
Lane's Stochastic (%D-Slow) 48.98
Greed/Fear Indicator (GFI) 39.46
Moving Average Converg./Diverg. (MACD) -1.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.15
Williams' Percentage Range (W%R) 71.70
Lane's Stochastic (%D-Slow) 47.52
Greed/Fear Indicator (GFI) 41.64
Moving Average Converg./Diverg. (MACD) 0.42
Trading Signals
Description Value Chart
Yearly Trendline Resistance 78.89
Upper Bollinger Band 77.62
50 Day Moving Average 73.92
20 Day Moving Average 72.61
Weekly Stochastic Crossing 71.86
Yearly Trendline Support 71.84
Price 71.46
Daily Stochastic Crossing 70.29
Parabolic System 68.12
Lower Bollinger Band 66.52
Sector and Industry
Description Name Rank
Sector Consumer Goods 4
Industry Personal Products 108
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 68.19
Low Date 02/06/2018
High 71.84
High Date 02/16/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 68.19
Low Date 02/06/2018
High 71.84
High Date 02/16/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 77.91
High Date 01/19/2018
Low 68.19
Low Date 02/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 69.05
Low Date 10/30/2017
High 77.91
High Date 01/19/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 78.89
Support 71.84
Low 50.84
Low Date 08/24/2015
High 77.91
High Date 01/19/2018
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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