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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 1/16/2026 -
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Colgate-Palmolive (CL) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overbought
Daily :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overboughtLane's Stochastic is strongly overbought
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It was a second consecutive positive week for the Colgate-Palmolive (CL). During the week, the CL gained 3.04 points, or 3.73%, and closed at 84.52 on Friday, January 16, 2026. Weekly volume was 34% above average.

Long-term trend: [See CL long-term trend chart]
A long-term uptrend had started on December 26, 2018 at 57.51 and reached 109.30 on September 5, 2024. CL gained -51.79 points, or -90.05%, in 297 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 72.42 and resistance is at 117.53. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See CL medium-term trend chart]
A medium-term downtrend had started on September 5, 2024 at 109.30 and reached 74.55 on November 3, 2025. CL lost 34.75 points, or 31.79%, in 60 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 71.44 and resistance is at 87.95. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See CL weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 21, 2025. 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 November 3, 2025 at 74.55 and reached 85.09 on January 14, 2026. CL gained -10.54 points, or -14.14%, in 72 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (76.53) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 short-term trend.

Daily Technical Indicators: [See CL daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since January 8, 2026. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.71
Williams' Percentage Range (W%R) 11.30
Overbought
Lane's Stochastic (%D-Slow) 94.36
Strong Overbought
Greed/Fear Indicator (GFI) 84.93
Overbought
Moving Average Converg./Diverg. (MACD) 0.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.96
Williams' Percentage Range (W%R) 15.20
Overbought
Lane's Stochastic (%D-Slow) 70.10
Greed/Fear Indicator (GFI) 70.27
Moving Average Converg./Diverg. (MACD) -2.55
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 87.95
Upper Bollinger Band 85.58
Daily Stochastic Crossing 84.60
Price 84.52
Weekly Stochastic Crossing 82.55
20 Day Moving Average 80.14
Weekly Trendline Resistance 79.75
Parabolic System 79.75
50 Day Moving Average 79.24
Monthly Trendline Resistance 77.35
Weekly Trendline Support 76.53
Lower Bollinger Band 75.93
Monthly Trendline Support 75.16
Yearly Trendline Support 72.42
Quarterly Trendline Support 71.44
Sector and Industry
Description Name Rank
Sector Consumer Staples 5
Industry Personal Products 40
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 75.96
Low Date 01/05/2026
High 85.09
High Date 01/14/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 79.75
Support 76.53
Low 74.55
Low Date 11/03/2025
High 85.09
High Date 01/14/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 77.35
Support 75.16
High 100.18
High Date 03/10/2025
Low 74.55
Low Date 11/03/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 87.95
Support 71.44
High 109.30
High Date 09/05/2024
Low 74.55
Low Date 11/03/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 117.53
Support 72.42
Low 57.51
Low Date 12/26/2018
High 109.30
High Date 09/05/2024
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.