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Personal Products Industry Stocks Technical Analysis - CLArchive
- 5/10/2024 -
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Colgate-Palmolive (CL) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a fourth consecutive positive week for the Colgate-Palmolive (CL). During the week, the CL gained 2.22 points, or 2.39%, and closed at 95.10 on Friday, May 10, 2024. CL was trading at average weekly trading volume.
 Long-term trend: [See CL long-term trend chart]
A long-term downtrend had started on November 20, 2020 at 86.41 and reached 67.62 on October 6, 2023. CL lost 18.79 points, or 21.75%, in 150 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (66.34) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. CL may retest the broken resistance line. It is considered to be a support line now. 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 October 6, 2023 at 67.62 and reached 95.25 on May 10, 2024. CL gained -27.63 points, or -40.86%, in 31 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (94.91). 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 medium-term trend.
 Weekly Technical Indicators: [See CL weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 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. 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 April 12, 2024 at 85.68 and reached 95.25 on May 10, 2024. CL gained -9.57 points, or -11.17%, in 28 days. Price is near the trend high.
 Daily Technical Indicators: [See CL daily technical indicators chart]
Daily 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 daily Relative Strength Index and Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is above its signal line since April 22, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Staples |
7 |
| Industry |
Personal Products |
67 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
85.68 |
| Low Date |
04/12/2024 |
| High |
95.25 |
| High Date |
05/10/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
85.68 |
| Low Date |
04/12/2024 |
| High |
95.25 |
| High Date |
05/10/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
85.68 |
| Low Date |
04/12/2024 |
| High |
95.25 |
| High Date |
05/10/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Test Resistance |
| Resistance |
94.91 |
| Support |
89.10 |
| Low |
67.62 |
| Low Date |
10/06/2023 |
| High |
95.25 |
| High Date |
05/10/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Broken Resistance |
| Resistance |
79.15 |
| Support |
66.34 |
| High |
86.41 |
| High Date |
11/20/2020 |
| Low |
67.62 |
| Low Date |
10/06/2023 |
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