COLGATE-PALMOLIVE CO (CL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CL - US1941621039 - Common Stock
We assign a technical rating of 2 out of 10 to CL. In the past year, CL was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, CL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 79.63. Right above this resistance zone may be a good entry point.
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74.23
3 important support areas can be observed.
- A support zone ranging from 78.46 to 79.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 76.98 to 77.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 74.98 to 74.98. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 79.63 to 81.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @96.63 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CL is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CL is up. |
| ChartMill Relative Strength | 30.55 | NEUTRAL | CL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.18 | NEUTRAL | The RSI value for CL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests CL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.46 | OVERBOUGHT | The high Stochastics value suggests CL may be overbought. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for CL suggests low volalility. |
| Average Directional Index/ADX (14) | 11.98 | NEGATIVE | The low ADX value for CL suggests a weak or negative trend. |
79.51
-0.18 (-0.23%)
COLGATE-PALMOLIVE CO / CL FAQ
Can you provide the ChartMill technical rating for COLGATE-PALMOLIVE CO?
ChartMill assigns a technical rating of 2 / 10 to CL.
What is the trend direction for CL stock?
The current trend direction for COLGATE-PALMOLIVE CO (CL) is Bearish.
Can you provide the RSI signal for COLGATE-PALMOLIVE CO?
COLGATE-PALMOLIVE CO (CL) has an RSI value of 53.1759. This indicates that the stock is currently neutral.
What is the buy/sell signal for CL stock?
The buy/sell signal for COLGATE-PALMOLIVE CO (CL) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for COLGATE-PALMOLIVE CO (CL) stock?
COLGATE-PALMOLIVE CO (CL) has a support level at 79.29 and a resistance level at 79.63. Check the full technical report for our detailed analysis of CL support and resistance levels.