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Advanced TA SearchArchive
- 5/3/2024 -
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Colgate-Palmolive (CL) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third consecutive positive week for the Colgate-Palmolive (CL). During the week, the CL gained 1.87 points, or 2.05%, and closed at 92.88 on Friday, May 3, 2024. Weekly volume was 33% above average.
CL is a member of Consumer Staples Sector. Consumer Staples is the second most overbought 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 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 (66.40) 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 93.25 on May 2, 2024. CL gained -25.63 points, or -37.90%, in 29 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 88.39 and resistance is at 94.19. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern 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 93.25 on May 2, 2024. CL gained -7.57 points, or -8.84%, in 20 days. Price is near the trend high.
 Daily Technical Indicators: [See CL daily technical indicators chart]
Daily Lane's Stochastic is overbought while Relative Strength Index and Williams' Percentage Range are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Relative Strength Index and Williams' Percentage Range. 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 near its high and getting bigger. It indicates that the current short-term uptrend is strong.
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