The Greedy Trader Weekly Analysis
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Colgate-Palmolive
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Summary:
Weekly :Oversold sectorBroken trend resistance lineBroken trend support line
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldLane's Stochastic bullish divergencePrice has crossed below the 50 Day Moving AverageThe price touches the lower Bollinger Band
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It was the negative week for the Colgate-Palmolive (CL). During the week, the CL dropped -2.24 points, or -3.35%, and closed at 64.71 on Friday, October 05, 2018. It was the worst weekly loss since May 4, 2018. Weekly volume was -19% below 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 chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (42.48) 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 69.29 on September 21, 2018. CL gained -8.01 points, or -13.07%, in 18 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (65.99) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CL may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.

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 October 2, 2018 at 67.80 and reached 64.52 on October 4, 2018. CL lost 3.28 points, or 4.84%, in 2 days. The price is now at the 5.79% retracement level.

Daily Technical Indicators: [See CL daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since September 24, 2018. This is an indication that the short-term trend is down.

The price touches the lower Bollinger Band. 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 crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 23.51
Williams' Percentage Range (W%R) 94.80
Strong Oversold
Lane's Stochastic (%D-Slow) 12.53
Oversold Bullish
Greed/Fear Indicator (GFI) 13.76
Oversold
Moving Average Converg./Diverg. (MACD) 0.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.67
Williams' Percentage Range (W%R) 58.00
Lane's Stochastic (%D-Slow) 61.13
Greed/Fear Indicator (GFI) 50.77
Moving Average Converg./Diverg. (MACD) -0.74
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 69.54
Upper Bollinger Band 69.11
Weekly Stochastic Crossing 67.53
20 Day Moving Average 67.36
50 Day Moving Average 66.93
Parabolic System 66.90
Quarterly Trendline Support 65.99
Daily Stochastic Crossing 64.89
Price 64.71
Lower Bollinger Band 64.56
Yearly Trendline Resistance 62.27
Sector and Industry
Description Name Rank
Sector Consumer Goods 2
Industry Personal Products 70
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 67.80
High Date 10/02/2018
Low 64.52
Low Date 10/04/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 67.80
High Date 10/02/2018
Low 64.52
Low Date 10/04/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 69.29
High Date 09/21/2018
Low 64.52
Low Date 10/04/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 69.54
Support 65.99
Low 61.28
Low Date 05/15/2018
High 69.29
High Date 09/21/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 62.27
Support 42.48
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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