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Advanced TA SearchArchive
- 4/26/2024 -
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Colgate-Palmolive (CL) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Colgate-Palmolive (CL). During the week, the CL gained 3.88 points, or 4.45%, and closed at 91.01 on Friday, April 26, 2024. Weekly volume was 15% above average.
 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 Falling Channel chart pattern. The downtrend resistance line (66.45) 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 6, 2023 at 67.62 and reached 92.25 on April 26, 2024. CL gained -24.63 points, or -36.42%, in 29 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 87.67 and resistance is at 93.48. 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 Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 3, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 April 12, 2024 at 85.68 and reached 92.25 on April 26, 2024. CL gained -6.57 points, or -7.67%, in 14 days. The price is now at the 18.87% retracement level.
 Daily Technical Indicators: [See CL daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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 Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.
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