CL stock: buy or sell
Jul 29th, 2021
CL stock brief
- Colgate-Palmolive closed on Wednesday at $83.18 after just moving a -0.92%.
- Colgate-Palmolive is presenting its earnings report on Friday
- From the chart point view, price is drawing a scaled uptrend since last March with higher tops and higher bottoms. Up to date, shares made a 13.43% profit since the beginning of this rally
- 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?
Currently, Colgate-Palmolive stock matches 2 trading strategies:
Uptrend buy setup
Colgate-Palmolive stock continues to trend higher since last March and marked a gorgeous 13.43% gain. Price marked a pull back in this uptrend at $79.78 in late June, and since then it bounced up a 4.26%. Breaking out over $84.55 - it's last top - will be a good entry point if Colgate-Palmolive resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $77.39
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$84.55||$77.39||8.47%|
ATH buy setup
One of the most recommended trading strategies is to buy on All-time Highs (ATH) breakouts. The good point of buying at ATHs is that price doesn't struggle with upper resistances, and usually it scales rapidly. However, you must always be aware of a possible bulls trap that may trigger your buy order and then falls sharply. That's why a stop loss is so important. Price is now at 2.18% of all-time highs and it can breakout at any time, so if you want to trade this setup it's recommended to setup your order at $84.99. The stop loss would be ordered at $77.39
|Buy setup||Buy point||Stop loss||Risk|
|ATH buy setup||$84.99||$77.39||8.95%|
Should I sell Colgate-Palmolive stock?
"To sell or not to sell", if you are holding Colgate-Palmolive stock?. Trading strategies let us to avoid impulsive decisions based on our feelings or the noise surrounding the market. When selling, as well as buying, our strategies are very simple to use and are only applicable for selling stocks you already own, not for selling short Colgate-Palmolive stock
A guiding principle is that you should not hold a trade that yields greater losses than those expected at the time of purchase. The timing to sell shares always has to be dictated 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
In the last month we couldn't find any rating for Colgate-Palmolive
Colgate-Palmolive stock analysis
Colgate-Palmolive stock started an uptrend last March, and gained a gorgeous 13.43%. The price shows higher peaks and higher troughs, and along the way gave some entry points for those who wanted to invest. Latest low was in late June, when price bounced at $79.78. Now, the price moves in a consolidation between its last top ($84.55) and its last bottom ($79.78)
Supports and resistances
The current resistances are:
The current support levels are:
The evolution of the Bollinger Bands on the chart shows that they are pretty tight (4.46%), which clearly indicates that price volatility is low. The narrowness of the Bollinger bands is typically a signal of a sudden price movement (up or down), so we must be careful and manage our buy or sell orders correctly
Relative strength index
The RSI dropped below the overbought level of 70 last May after just crossing to the overbough zone for 1 day (weak signal). The RSI reading on Wednesday was 54.44. Colgate-Palmolive stock slided a 1.14% since RSI lost the overbought zone
Colgate-Palmolive stock price history
Colgate-Palmolive went public on May 2nd, 1973 priced at $0.00 per share1. Since then, CL stock has risen by -, with an average of 0.00% per year. If you had invested thousand dollars in Colgate-Palmolive stock on the IPO, it would be valued $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Colgate-Palmolive stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis predicting how a stock will performance in the future.
The following table shows the price forecasts published by brokerage institutions in the last month. Again, these predictions are not direct recommendations for small investors and should not be trusted blindly.
We don't have any target price posted in the previous month for Colgate-Palmolive.
Earnings and financials
CL ($CL) will host the Q2 earnings call on Friday. Market analysts analysts predict of $0.80, that is a 0.00% than previous quarter. Revenues estimates for are $4.2 billion.
If you own or you are planning to buy CL shares, be vigilant as the financial reporting day usually has a higher than usual volatility, and price can gap up or down with exceptionally low liquidity and not honouring your buy/stop-loss orders. Colgate-Palmolive's website probably has further information.
Last April, Colgate-Palmolive ($CL) had the quarterly earnings event and released the report. CL posted earnings of $0.80 per share on revenue of $4.3 billion. The consensus earnings estimate was $0.79 per share on revenue of $4.3 billion.In comparing, the EPS for the same quarter last year was $0.75, so reported EPS is a improvement of 6.67%. Looking at revenue, figures inched a 6.03% compared to $41.0B year over year.
Disclaimer:The opinions contained in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this paper does not know the particular positions of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are provided for education reasons only
|Wednesday, July 28th, 2021|
|Day range||$83.14 - $84.26|
|Average true range||$1.40|
|50d mov avg||$82.44|
|100d mov avg||$80.53|
|200d mov avg||$80.36|
|Earnings date||July 30th, 2021|