Colgate-Palmolive Technical Analysis (NYSE:CL)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The CL stock chart pattern can give those who understand technical analysis an indication of which way CL stock is headed, but cannot predict with 100% certainty as to what can happen to the Colgate-Palmolive stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Colgate-Palmolive. The technical analysis form of Colgate-Palmolive stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Colgate-Palmolive Moving Average
Moving averages show the average price of CL stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $70.6 is above the price of $66.63.
Colgate-Palmolive Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Colgate-Palmolive. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Colgate-Palmolive bollinger bands.
Colgate-Palmolive Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Colgate-Palmolive MACD indicator is below 0 indicating a bearish trend.
Colgate-Palmolive Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of CL stock is 23.52.