The Greedy Trader Weekly Analysis
Sign In Jul 20, 2018
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Colgate-Palmolive
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Summary:
Weekly :Weekly  MACD line has moved above its signal line
Daily :The price has fallen below the Parabolic SAR
Move cursor over the icon to see details.

It was the negative week for the Colgate-Palmolive (CL). During the week, the CL gave back -0.03 points, or -0.05%, and closed at 65.75 on Friday, July 13, 2018. Weekly volume was -23% 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 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 trend support level is at 53.57 and resistance is at 67.40. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See CL medium-term trend chart]
A medium-term uptrend had started on June 6, 2018 at 61.97 and reached 66.25 on July 6, 2018. CL gained -4.28 points, or -6.91%, in 4 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 65.16 and resistance is at 66.84. 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 technical indicators are neutral.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 July 12, 2018 at 64.97 and reached 65.81 on July 13, 2018. CL gained -0.84 points, or -1.29%, in 1 days. The price is now at the 7.14% retracement level.

Daily Technical Indicators: [See CL daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since May 17, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.79
Williams' Percentage Range (W%R) 28.40
Lane's Stochastic (%D-Slow) 60.72
Greed/Fear Indicator (GFI) 64.02
Moving Average Converg./Diverg. (MACD) 0.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.79
Williams' Percentage Range (W%R) 65.00
Lane's Stochastic (%D-Slow) 52.46
Greed/Fear Indicator (GFI) 42.63
Moving Average Converg./Diverg. (MACD) -2.13
Trading Signals
Description Value Chart
Yearly Trendline Resistance 67.40
Monthly Trendline Resistance 66.84
Upper Bollinger Band 66.26
Parabolic System 66.22
Price 65.75
Daily Stochastic Crossing 65.64
Monthly Trendline Support 65.16
20 Day Moving Average 64.83
Weekly Stochastic Crossing 64.51
50 Day Moving Average 63.62
Lower Bollinger Band 63.41
Yearly Trendline Support 53.57
Sector and Industry
Description Name Rank
Sector Consumer Goods 4
Industry Personal Products 47
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 64.97
Low Date 07/12/2018
High 65.81
High Date 07/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.97
Low Date 07/12/2018
High 65.81
High Date 07/13/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 66.84
Support 65.16
Low 61.97
Low Date 06/06/2018
High 66.25
High Date 07/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.28
Low Date 05/15/2018
High 66.25
High Date 07/06/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 67.40
Support 53.57
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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