The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 1/23/2026 -
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Colgate-Palmolive (CL) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtTrend resistance at 87.70
Daily :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overbought
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It was a third consecutive positive week for the Colgate-Palmolive (CL). During the week, the CL gained 2.14 points, or 2.53%, and closed at 86.66 on Friday, January 23, 2026. Weekly volume was 38% above average.

Long-term trend: [See CL long-term trend chart]
A long-term uptrend had started on December 26, 2018 at 57.51 and reached 109.30 on September 5, 2024. CL gained -51.79 points, or -90.05%, in 297 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 72.45 and resistance is at 117.63. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See CL medium-term trend chart]
A medium-term downtrend had started on September 5, 2024 at 109.30 and reached 74.55 on November 3, 2025. CL lost 34.75 points, or 31.79%, in 60 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (87.70). 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 21, 2025. The distance between MACD and the signal line is relatively high and getting bigger. 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 January 5, 2026 at 75.96 and reached 86.83 on January 23, 2026. CL gained -10.87 points, or -14.31%, in 18 days. Price is near the trend high.

Daily Technical Indicators: [See CL daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and 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 January 8, 2026. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 85.74
Overbought
Williams' Percentage Range (W%R) 6.30
Strong Overbought
Lane's Stochastic (%D-Slow) 94.06
Strong Overbought
Greed/Fear Indicator (GFI) 91.18
Strong Overbought
Moving Average Converg./Diverg. (MACD) 1.31
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.46
Williams' Percentage Range (W%R) 5.50
Strong Overbought
Lane's Stochastic (%D-Slow) 76.09
Greed/Fear Indicator (GFI) 76.43
Moving Average Converg./Diverg. (MACD) -2.37
Trading Signals
Description Value Chart
Upper Bollinger Band 88.52
Quarterly Trendline Resistance 87.70
Price 86.66
Daily Stochastic Crossing 86.52
Weekly Stochastic Crossing 84.54
Parabolic System 82.93
20 Day Moving Average 81.52
50 Day Moving Average 79.87
Monthly Trendline Resistance 79.58
Monthly Trendline Support 76.67
Lower Bollinger Band 76.14
Yearly Trendline Support 72.45
Quarterly Trendline Support 71.20
Sector and Industry
Description Name Rank
Sector Consumer Staples 5
Industry Personal Products 56
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 75.96
Low Date 01/05/2026
High 86.83
High Date 01/23/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 75.96
Low Date 01/05/2026
High 86.83
High Date 01/23/2026
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 79.58
Support 76.67
Low 74.55
Low Date 11/03/2025
High 86.83
High Date 01/23/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 87.70
Support 71.20
High 109.30
High Date 09/05/2024
Low 74.55
Low Date 11/03/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 117.63
Support 72.45
Low 57.51
Low Date 12/26/2018
High 109.30
High Date 09/05/2024
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.