June 04, 2025 a 05:15 am
CL: Fibonacci Analysis - Colgate-Palmolive Company
The Colgate-Palmolive Company's stock has been showing a consistent bearish trend over the analyzed period. In the consumer products sector, this trend might reflect broader market concerns or company-specific challenges. An analysis of Fibonacci retracement levels could reveal potential areas of interest where the price may stabilize or reverse, important for traders looking to identify entry and exit points.
Fibonacci Analysis
| Trend Start Date | Trend End Date | High Price | High Date | Low Price | Low Date |
|---|---|---|---|---|---|
| 2024-12-02 | 2025-06-03 | 97.11 | 2024-12-02 | 86.04 | 2025-02-14 |
| Fibonacci Level | Price |
|---|---|
| 0.236 | 88.67 |
| 0.382 | 90.30 |
| 0.5 | 91.57 |
| 0.618 | 92.84 |
| 0.786 | 94.60 |
Current Price Analysis: The current price of 90.62 is within the 0.382 retracement zone, indicating a potential area of sideways movement or reversal. This could suggest a temporary support.
Conclusion
The stock's current price residing within the 0.382 Fibonacci retracement level indicates potential short-term stabilization. However, the overarching trend remains bearish, suggesting caution for traders considering long positions. Key resistance might be found near the 0.618 level, with the 0.5 level offering intermediate support. A sustained breach of these levels could guide future price direction, serving as critical markers for both risk management and potential profit opportunities.