COLGATE-PALMOLIVE CO. - Daily - Technical analysis published on 10/18/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 69.14 USD
My targets
66.90 USD (-1.73%)
64.55 USD (-5.19%)
My analysis
The bearish trend is currently very strong for COLGATE-PALMOLIVE CO.. As long as the price remains below the resistance at 69.14 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 66.90 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 64.55 USD as an objective. Crossing it would then enable sellers to target 61.65 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
7.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
COLGATE-PALMOLIVE CO. rating 68.08 USD. The price registered an increase of +0.34% on the session and was between 67.89 USD and 68.64 USD. This implies that the price is at +0.28% from its lowest and at -0.82% from its highest.67.89
68.64
68.08
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by COLGATE-PALMOLIVE CO.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this COLGATE-PALMOLIVE CO. chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 61.65 | 64.55 | 66.90 | 68.08 | 69.14 | 71.46 | 72.79 |
| Change (%) | -9.44% | -5.19% | -1.73% | - | +1.56% | +4.96% | +6.92% |
| Change | -6.43 | -3.53 | -1.18 | - | +1.06 | +3.38 | +4.71 |
| Level | Intermediate | Major | Intermediate | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.34 | 66.86 | 67.35 | 67.87 | 68.36 | 68.88 | 69.37 |
| Camarilla | 67.57 | 67.67 | 67.76 | 67.85 | 67.94 | 68.04 | 68.13 |
| Woodie | 66.34 | 66.85 | 67.35 | 67.86 | 68.36 | 68.87 | 69.37 |
| Fibonacci | 66.86 | 67.24 | 67.48 | 67.87 | 68.25 | 68.49 | 68.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.93 | 68.32 | 69.41 | 70.80 | 71.89 | 73.28 | 74.37 |
| Camarilla | 69.83 | 70.06 | 70.28 | 70.51 | 70.74 | 70.97 | 71.19 |
| Woodie | 66.79 | 68.25 | 69.27 | 70.73 | 71.75 | 73.21 | 74.23 |
| Fibonacci | 68.32 | 69.26 | 69.85 | 70.80 | 71.74 | 72.33 | 73.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 63.96 | 66.46 | 69.99 | 72.49 | 76.02 | 78.52 | 82.05 |
| Camarilla | 71.85 | 72.40 | 72.96 | 73.51 | 74.06 | 74.62 | 75.17 |
| Woodie | 64.47 | 66.72 | 70.50 | 72.75 | 76.53 | 78.78 | 82.56 |
| Fibonacci | 66.46 | 68.77 | 70.19 | 72.49 | 74.80 | 76.22 | 78.52 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 33.47 | |
| MACD (12,26,9): | -0.9600 | |
| Directional Movement: | -22.29 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 69.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 72.29 | |
| Elder Ray (13): | -1.67 | |
| Super Trend (3,10): | 71.30 | |
| Zig ZAG (10): | 68.08 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 6.68 | |
| TEMA (21): | 68.71 | |
| Williams %R (14): | -89.73 | |
| Chande Momentum Oscillator (20): | -3.65 | |
| Repulse (5,40,3): | -2.4700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 7.64 |
| MA7: | 69.38 | |
| MA20: | 70.99 | |
| MA50: | 71.84 | |
| MA100: | 72.08 | |
| MAexp7: | 69.14 | |
| MAexp20: | 70.48 | |
| MAexp50: | 71.37 | |
| MAexp100: | 71.14 | |
| Price / MA7: | -1.87% | |
| Price / MA20: | -4.10% | |
| Price / MA50: | -5.23% | |
| Price / MA100: | -5.55% | |
| Price / MAexp7: | -1.53% | |
| Price / MAexp20: | -3.41% | |
| Price / MAexp50: | -4.61% | |
| Price / MAexp100: | -4.30% |
News
The last news published on COLGATE-PALMOLIVE CO. at the time of the generation of this analysis was as follows:
- Colgate-Palmolive Webcasts 2019 Third Quarter Earnings Conference Call November 1, 2019 – 11:00 a.m. ET
- Colgate® Optic White® Café to Serve White Smiles at Hispanicize LA 2019
- Colgate-Palmolive Named Industry Leader by the Dow Jones Sustainability Indices for Third Consecutive Year
- Colgate Announces Conservation Impacts From "Save Water" Campaign At United Nations Ahead Of Climate Action Summit
- Colgate Declares Regular Quarterly Dividend
This member declared not having a position on this financial instrument or a related financial instrument.
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