The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 50.0% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 11/24/2023 -
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Colgate-Palmolive (CL) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtOversold sectorBroken trend resistance line
Daily :Williams' Percentage Range is strongly overboughtMACD bearish divergence
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It was a fourth consecutive positive week for the Colgate-Palmolive (CL). During the week, the CL gained 1.73 points, or 2.29%, and closed at 77.31 on Friday, November 24, 2023. Weekly volume was -37% below average.

CL is a member of Consumer Staples Sector. Consumer Staples is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CL long-term trend chart]
A long-term downtrend had started on November 20, 2020 at 86.41 and reached 67.62 on October 6, 2023. CL lost 18.79 points, or 21.75%, in 150 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 61.17 and resistance is at 80.65. 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 downtrend had started on May 15, 2023 at 82.09 and reached 67.62 on October 6, 2023. CL lost 14.47 points, or 17.63%, in 20 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (63.37) 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 Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 3, 2023. 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 20, 2023 at 75.17 and reached 77.50 on November 22, 2023. CL gained -2.33 points, or -3.10%, in 2 days. The price is now at the 8.15% retracement level.

Daily Technical Indicators: [See CL daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since November 20, 2023. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.44
Williams' Percentage Range (W%R) 0.30
Strong Overbought
Lane's Stochastic (%D-Slow) 67.15
Greed/Fear Indicator (GFI) 79.09
Moving Average Converg./Diverg. (MACD) 0.94 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.65
Williams' Percentage Range (W%R) 8.40
Strong Overbought
Lane's Stochastic (%D-Slow) 88.92
Overbought
Greed/Fear Indicator (GFI) 78.55
Moving Average Converg./Diverg. (MACD) -0.79
Trading Signals
Description Value Chart
Yearly Trendline Resistance 80.65
Monthly Trendline Support 78.78
Monthly Trendline Resistance 78.20
Upper Bollinger Band 77.65
Price 77.31
Daily Stochastic Crossing 76.90
Weekly Stochastic Crossing 76.67
20 Day Moving Average 75.39
Parabolic System 75.36
50 Day Moving Average 73.18
Lower Bollinger Band 72.97
Quarterly Trendline Resistance 71.57
Quarterly Trendline Support 63.37
Sector and Industry
Description Name Rank
Sector Consumer Staples 2
Industry Personal Products 67
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 75.17
Low Date 11/20/2023
High 77.50
High Date 11/22/2023
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 75.17
Low Date 11/20/2023
High 77.50
High Date 11/22/2023
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 78.20
Support 78.78
Low 67.62
Low Date 10/06/2023
High 77.50
High Date 11/22/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 71.57
Support 63.37
High 82.09
High Date 05/15/2023
Low 67.62
Low Date 10/06/2023
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 80.65
Support 61.17
High 86.41
High Date 11/20/2020
Low 67.62
Low Date 10/06/2023
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.