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|It was a first positive week for the Colgate-Palmolive (CL). During the week, the CL climbed 0.60 points, or 0.90%, and closed at 67.01 on Friday, September 07, 2018. CL was trading at average weekly trading volume. |
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 downtrend resistance line (46.24) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.
Medium-term trend: [See CL medium-term trend chart]
A medium-term uptrend had started on May 15, 2018 at 61.28 and reached 68.43 on August 3, 2018. CL gained -7.15 points, or -11.67%, in 11 weeks. The price is now at the 19.86% retracement level.
Weekly Technical Indicators: [See CL weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since July 6, 2018. 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 August 20, 2018 at 67.89 and reached 64.95 on September 5, 2018. CL lost 2.94 points, or 4.33%, in 16 days. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (66.83). 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 short-term trend.
Daily Technical Indicators: [See CL daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since August 23, 2018. 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.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.
Candlestick pattern: [See CL candlestick chart pattern]
On Friday the chart has formed a Bearish Advance Block Candlestick pattern. This pattern occurs in an uptrend; it is not a top reversal pattern, but it might precede a meaningful price decline. The reliability of the Bearish Advance Block pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Advance Block Candlestick pattern during the last week.