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- 4/1/2021 -
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Colgate-Palmolive (CL)

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Summary:
Weekly :Broken trend support lineStochastic signal line moved above oversold areaBroken trend resistance line
Daily :Lane's Stochastic is overboughtStochastic has declined below the signal lineBullish Doji Star CandlestickPrice is near the Fibonacci 38.2% retracement level
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It was the negative week for the Colgate-Palmolive (CL). During the week, the CL gave back -0.67 points, or -0.85%, and closed at 78.55 on Thursday, April 1, 2021. It was the worst weekly loss since February 26, 2021. Weekly volume was 15% above average.

Long-term trend: [See CL long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 58.49 and reached 86.41 on November 20, 2020. CL gained -27.92 points, or -47.73%, in 34 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (90.00) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See CL medium-term trend chart]
A medium-term downtrend had started on November 20, 2020 at 86.41 and reached 74.14 on March 10, 2021. CL lost 12.27 points, or 14.20%, in 15 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (71.73) 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 medium-term trend.

Weekly Technical Indicators: [See CL weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly 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 weekly MACD line is below its signal line since January 8, 2021. 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 downtrend had started on March 29, 2021 at 79.97 and reached 77.58 on April 1, 2021. CL lost 2.39 points, or 2.99%, in 3 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See CL daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since March 5, 2021. The distance between MACD and the signal line is relatively high, but getting smaller.

Candlestick pattern: [See CL candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Star Candlestick pattern. The reliability of the Bullish Doji Star pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Star Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.91
Williams' Percentage Range (W%R) 24.70
Lane's Stochastic (%D-Slow) 87.21
Overbought
Greed/Fear Indicator (GFI) 77.14
Moving Average Converg./Diverg. (MACD) 0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.78
Williams' Percentage Range (W%R) 64.20
Lane's Stochastic (%D-Slow) 31.14
Greed/Fear Indicator (GFI) 36.18
Moving Average Converg./Diverg. (MACD) 0.33
Trading Signals
Description Value Chart
Quarterly Trendline Support 90.00
Upper Bollinger Band 80.66
Daily Stochastic Crossing 79.31
Price 78.55
50 Day Moving Average 77.46
20 Day Moving Average 76.87
Parabolic System 76.46
Weekly Stochastic Crossing 76.43
Lower Bollinger Band 74.39
Monthly Trendline Resistance 74.37
Monthly Trendline Support 71.73
Sector and Industry
Description Name Rank
Sector Consumer Staples 3
Industry Personal Products 32
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 79.97
High Date 03/29/2021
Low 77.58
Low Date 04/01/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 74.14
Low Date 03/10/2021
High 79.97
High Date 03/29/2021
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 74.37
Support 71.73
High 86.41
High Date 11/20/2020
Low 74.14
Low Date 03/10/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 97.33
Support 90.00
Low 58.49
Low Date 03/23/2020
High 86.41
High Date 11/20/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.51
Low Date 12/26/2018
High 86.41
High Date 11/20/2020
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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