The Greedy Trader Weekly Analysis
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Colgate-Palmolive
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance lineTrend resistance at 67.98
Daily :Lane's Stochastic is overboughtThe price has risen above the Parabolic SARThe price is above the upper Bollinger BandThe Bollinger Bands are historically close together
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It was a first positive week for the Colgate-Palmolive (CL). During the week, the CL gained 1.85 points, or 2.83%, and closed at 67.20 on Friday, March 15, 2019. Weekly volume was -11% below average.

Long-term trend: [See CL long-term trend chart]
A long-term downtrend had started on January 19, 2018 at 77.91 and reached 57.41 on October 29, 2018. CL lost 20.50 points, or 26.31%, in 40 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (54.31) 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 29, 2018 at 57.41 and reached 67.47 on February 22, 2019. CL gained -10.06 points, or -17.52%, in 16 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The price is near the trend resistance line (67.98). 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 and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 weekly MACD line is above its signal line since January 18, 2019. 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 February 22, 2019 at 67.47 and reached 64.78 on March 7, 2019. CL lost 2.69 points, or 3.99%, in 13 days. The price is now at the 89.96% retracement 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.

The daily MACD line is below its signal line since February 25, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands (3.04%) is close to one year low (2.79%). It is 60.69% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.25
Williams' Percentage Range (W%R) 41.30
Lane's Stochastic (%D-Slow) 80.30
Overbought
Greed/Fear Indicator (GFI) 65.76
Moving Average Converg./Diverg. (MACD) 0.49
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.97
Williams' Percentage Range (W%R) 11.00
Overbought
Lane's Stochastic (%D-Slow) 88.34
Overbought
Greed/Fear Indicator (GFI) 78.42
Moving Average Converg./Diverg. (MACD) -0.48
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 67.98
Price 67.20
Upper Bollinger Band 66.88
Daily Stochastic Crossing 66.80
Weekly Stochastic Crossing 66.61
20 Day Moving Average 66.18
Parabolic System 65.09
Lower Bollinger Band 64.85
50 Day Moving Average 64.32
Yearly Trendline Resistance 63.26
Quarterly Trendline Support 57.65
Yearly Trendline Support 54.31
Sector and Industry
Description Name Rank
Sector Consumer Goods 4
Industry Personal Products 146
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 64.78
Low Date 03/07/2019
High 67.21
High Date 03/15/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 67.47
High Date 02/22/2019
Low 64.78
Low Date 03/07/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.51
Low Date 12/26/2018
High 67.47
High Date 02/22/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Test Resistance
Resistance 67.98
Support 57.65
Low 57.41
Low Date 10/29/2018
High 67.47
High Date 02/22/2019
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 63.26
Support 54.31
High 77.91
High Date 01/19/2018
Low 57.41
Low Date 10/29/2018
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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