Colgate-palmolive CL Investment Analysis – Stock Traders Daily

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Source: Stock Traders Daily

Longer Term Trading Plans for CL
  • Buy CL over 77.19 target 81.20 stop loss @ 76.97 Details
  • The technical summary data tells us to buy CL near 77.19 with an upside target of 81.20. This data also tells us to set a stop loss @ 76.97 to protect against excessive loss in case the stock begins to move against the trade. 77.19 is the first level of support below 77.78 , and by rule, any test of support is a buy signal. In this case, support 77.19 would be being tested, so a buy signal would exist.

  • Short CL under 81.20, target 77.19, stop loss @ 81.43 Details
  • The technical summary data is suggesting a short of CL as it gets near 81.20 with a downside target of 77.19. We should have a stop loss in place at 81.43though. 81.20 is the first level of resistance above 77.78, and by rule, any test of resistance is a short signal. In this case, if resistance 81.20 is being tested, so a short signal would exist.

Swing Trading Plans for CL
  • Buy CL over 77.88, target 81.20, Stop Loss @ 77.66 Details
  • If 77.88 begins to break higher, the technical summary data tells us to buy CL just over 77.88, with an upside target of 81.20. The data also tells us to set a stop loss @ 77.66 in case the stock turns against the trade. 77.88 is the first level of resistance above 77.78, and by rule, any break above resistance is a buy signal. In this case, 77.88, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short CL near 77.88, target 77.19, Stop Loss @ 78.1. Details
  • The technical summary data is suggesting a short of CL if it tests 77.88 with a downside target of 77.19. We should have a stop loss in place at 78.1 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 77.88, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CL
  • Buy CL over 77.99, target 81.20, Stop Loss @ 77.81 Details
  • If 77.99 begins to break higher, the technical summary data tells us to buy CL just over 77.99, with an upside target of 81.20. The data also tells us to set a stop loss @ 77.81 in case the stock turns against the trade. 77.99 is the first level of resistance above 77.78, and by rule, any break above resistance is a buy signal. In this case, 77.99, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short CL near 77.99, target 77.19, Stop Loss @ 78.17. Details
  • The technical summary data is suggesting a short of CL if it tests 77.99 with a downside target of 77.19. We should have a stop loss in place at 78.17 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 77.99, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

CL Technical Summary | Raw Data for the Trading Plans

Term → Near Mid Long
Bias Neutral Neutral Neutral
P1 0 0 77.19
P2 77.02 76.79 81.20
P3 77.99 77.88 85.12

With an objective approach to Colgate-palmolive (NYSE: CL), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CL change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CL is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for CL too.  All of these are offered below the Summary Table.

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Fundamental Charts for CL

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