CL stock: buy or sell

CL stock price: $78.19 -0.82% At close on Jan 22nd, 2021

Updated on:
Jan 25th, 2021

1

CL stock brief

  • Colgate-Palmolive stock only changed -0.82% to close at $78.19 on the stock market today, after 6 consecutive sessions in red.
  • The price is currently under the lower Bollinger band, which often indicates a near-term bounce that you better not try to trade
  • 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?

"To sell or not to sell", if you are holding Colgate-Palmolive stock?. Similarly to when we have to buy shares, choosing when is appropiate to sell is not a whimsical decision, and we must adhere our own trading strategy. When selling, as well as buying, detailed setups are very simple to follow but are only applicable for selling shares you already own, not for shorting $CL stock

As a golden rule, you should never keep an open trade that leads to greater losses than those expected upon purchase. When to sell shares always has to be ruled by the stop-loss (automatic or manual)

Is it time to sell Colgate-Palmolive stock?

In the current situation of Colgate-Palmolive there is not any eligible sell setup, so Colgate-Palmolive stock holders with operations in green can keep their positions

Colgate-Palmolive ratings

In the last month, 2 brokerage ratings were published for Colgate-Palmolive

Colgate-Palmolive analysts' ratings - Last month
Brokerage firmRating
Jan 4th, 2021
Royal Bank of Canada
Jan 19th, 2021
Sanford C. Bernstein Sell

Colgate-Palmolive stock analysis

SMAs overview

CL stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $79.22 (1.32% above)
  • R2: $80.10 (2.44% above)
  • R3: $83.67 (7.01% above)
  • The current supports are:

  • S1: $75.65 (-3.25% below)
  • S2: $75.14 (-3.90% below)
  • S3: $74.13 (-5.19% below)
  • Bollinger bands

    Price levels above or below the Bollinger Bands indicate that the price has followed a strong trend that has led to extreme upward or downward values. In this case, the price is below the upper band, and that should mean a near-term bounce off (at least) until it is back above the band

    CL stock Bollinger Bands chart

    Relative strength index

    Cut down the oversold line last Friday, marking a reading of 23.97. Breaking down below the oversold zone is not a buy signal, as stocks can be below the level of 30 for many weeks and continue to drop

    CL stock RSI chart

    Colgate-Palmolive stock price history

    Colgate-Palmolive went public priced at an adjusted price1 of $0.00 on May 1973. Since then, CL stock has risen by -, with an average of 0.00% per year. If you had invested $1,000USD in Colgate-Palmolive stock on May 1973, it would have a value of $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    CL stock price history chart

    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 issued every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, financial institutions release their price target based on the stock price action and the company fundamental data. Most of these predictions follow the release of new fundamental data by the company, and usually. If you are a small trader you must not invest based on these price targets.

    There is just one price target issued for Colgate-Palmolive that predicts a price of $90.00.

    Colgate-Palmolive stock price predictions
    Brokerage firmPrice target
    Jan 4th, 2021
    Royal Bank of Canada $90.00
    Jan 19th, 2021
    Sanford C. Bernstein Not available

    Earnings and financials

    Colgate-Palmolive Company ($CL) came out with quarterly earnings of $0.79 per share last October, improving the Wall St consensus estimate of $0.70 per share. This Q3 report means an earnings surprise of 12.86%. Company's revenue resulted of $4.2 billion in contrast to $4.0 billion estimated by analysts.

    By comparison, the EPS for the same quarter last year was $0.71, so posted EPS means a increase of 11.27%. Turnover moved up a 5.73% on an annualized basis in the , from $39.3B to $41.5B last quarter.

    CL ($CL) posts Q4 financial report on Friday.

    Stocks releasing earnings usually experience a much higher volatility in price action during after-hours trading and the day after. This extended trading range in price may imply that your stop-loss orders may become ineffective or may trigger far from your aimed price. You can probably obtain more details about the earnings conference call and the earnings reports on the Investor Relations section of its website: http://www.colgatepalmolive.com.

    Colgate-Palmolive performance

    CL performance compared
    Company1m3m6m
    Colgate-Palmolive ($CL) -7.70% -1.00% 5.80%

    Disclaimer:
    The comments contained in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not have an understanding of the specific conditions of the reader, his or her financial statements 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 Opinions are expressed for educative reasons only

    CL summary

    Friday, January 22nd, 2021
    Open$78.78
    Close$78.19
    Day range$77.9 - $78.92
    Previous close$78.84
    Session gain-0.82%
    Average true range$1.76
    50d mov avg$83.77
    100d mov avg$80.69
    200d mov avg$76.38
    Earnings dateJanuary 29th, 2021

    Frequently asked questions

    What is Colgate-Palmolive stock symbol?

    Colgate-Palmolive Company is a public company trading in the US stock market with the CL symbol

    Is Colgate-Palmolive stock a buy or sell?

    Colgate-Palmolive received 2 ratings in the last 30 days: 0 bullish, 1 bearish and 0 neutral.

    Will CL go up?

    Colgate-Palmolive had different price forecasts posted by analysts in the last 4 weeks forecasting the target price to $90.00. That is a 15.10% than the last price ($78.19).