CL stock: buy or sell
Apr 22nd, 2021
CL stock brief
- Colgate-Palmolive stock slightly changed -0.22% to close at $81.15 on the stock market on Wednesday.
- Looking at the chart, price is drawing an scaled downtrend since November 2020 with lower tops and lower bottoms. this downtrend marked a -5.03% loss.
- The price is currently above the upper Bollinger band, which often indicates a near-term correction
- Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide.
Should I buy Colgate-Palmolive stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $CL stock a buy?
In the current situation of Colgate-Palmolive there is not any eligible buy setup. This doesn't mean $CL will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Colgate-Palmolive stock?
When you are a novel trader and you own a stock with some profit, it's really difficult to decide the best moment to sell and get your profits. Trading strategies allow us to avoid impetuous decisions based on our moods or the noise that surrounds the market. When selling, as well as buying, detailed setups are very simple to use and are only valid for selling shares in your porfolio, not for shorting $CL stock
As a rule of thumb, you must never keep an operation that produces greater losses than those expected by the time of the buy. The timing to sell shares must always be determined by the stop-loss (automatic or manual)
Is it time to sell Colgate-Palmolive stock?
Currently, Colgate-Palmolive stock doesn't match any of our preferred sell setups, so if you own Colgate-Palmolive stock and your operation is in profit probably is not time to sell now
In the last month, just one analyst rating was published for Colgate-Palmolive
|Apr 16th, 2021|
|JPMorgan Chase & Co.||Neutral|
Colgate-Palmolive stock analysis
From a technical standpoint, Colgate-Palmolive continues trending lower since November 2020, and has droppped a -5.03%. Like in all downtrends, the stock oscillates drawing lower highs and lows. In this case, we have seen 2 consecutive lower tops.
Supports and resistances
The current resistance levels are:
The current supports are:
The evolution of the Bollinger Bands on the chart proves that they are fairly tight (less than 5%), which clearly means that price volatility is low. Reduced volatility is often the antecedent to a sudden movement (up or down), so we must be alert and manage our buy or sell orders correctly
Relative strength index
The RSI crossed up the oversold line of 30 in early March after just being in the oversold zone for a single day (what can be considered a strength signal). The RSI reading on Wednesday was 66.89. Colgate-Palmolive price skyrocketed a 9.63% since that level was surpassed
Colgate-Palmolive stock price history
Colgate-Palmolive went public on May 2nd, 1973 priced at $0.00 per share1. Since then, CL stock surged by -, with an average of 0.00% per year. An investment of thousand dollars on May 1973 would be valued $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Colgate-Palmolive stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.
The following table shows the price predictions released by analysts for the last 30 days. If you are a small trader you must not buy or sell based on these predictions.
There is just one price target issued for Colgate-Palmolive that predicts a price of $85.00.
|Brokerage firm||Price target|
|Apr 16th, 2021|
|JPMorgan Chase & Co.||$87.00 → $85.00|
Earnings and financials
Last January, Colgate-Palmolive ($CL) hosted the financial event and posted the report. CL reported earnings of $0.77 per share on revenue of $4.3 billion. The market estimate was $0.76 per share on revenue of $4.1 billion.This compares to Earnings of $0.73 per share a year ago, so posted EPS is an increase of 5.48%. Looking at revenues, figures went up a 7.70% compared to $40.2B same quarter 12 months ago.
CL ($CL) is hosting the earnings call on Friday next week. Forecasted for this quarter is $0.01, compared to $0.77 that was reported for Q4.
Disclaimer:The opinions expressed in this article are personal and not recommendations for you to buy or sell stocks. The author of this document does not have an understanding of the individual situations of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for informational motives only
|Wednesday, April 21st, 2021|
|Day range||$80.81 - $82.05|
|Average true range||$1.19|
|50d mov avg||$77.30|
|100d mov avg||$79.66|
|200d mov avg||$78.34|
|Earnings date||April 30th, 2021|