Colgate-Palmolive (India) Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Colgate-Palmolive (India) Limited
(Updated on May 17, 2024)
The Colgate-Palmolive (India) Limited stock price fell by -0.160% on the last day (Friday, 17th May 2024) from ₹2,686.30 to ₹2,682.00. During the last trading day the stock fluctuated 1.56% from a day low at ₹2,662.00 to a day high of ₹2,703.55. The price has been going up and down for this period, and there has been a -4.19% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -323 thousand shares and in total, 331 thousand shares were bought and sold for approximately ₹886.79 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹2,681.96 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 10.79% during the next 3 months and, with a 90% probability hold a price between ₹2,971.26 and ₹3,213.09 at the end of this 3-month period.
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COLPAL.NS Signals & Forecast
There are few to no technical positive signals at the moment. The Colgate-Palmolive (India) Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹2,755.17 and ₹2,744.68. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -6.31%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Colgate-Palmolive (India) Limited stock
Colgate-Palmolive (India) Limited finds support from accumulated volume at ₹2,673.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹41.55 between high and low, or 1.56%. For the last week, the stock has had daily average volatility of 3.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (COLPAL.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Colgate-Palmolive (India) Limited to open at ₹2,682.52, and during the day (based on 14 day Average True Range), to move between ₹2,604.13 and ₹2,759.87, which gives a possible trading interval of +/-₹77.87 (+/-2.90%) up or down from last closing price. If Colgate-Palmolive (India) Limited takes out the full calculated possible swing range there will be an estimated 5.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹2,673.30 (0.32%) than the resistance at ₹2,710.35 (1.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Colgate-Palmolive (India) Limited stock A Buy?
The Colgate-Palmolive (India) Limited stock holds several negative signals and despite the positive trend, we believe Colgate-Palmolive (India) Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.816 Sell Candidate Unchanged
Predicted Opening Price for Colgate-Palmolive (India) Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹2,682.52 ( 0.0193%) | ₹2,682.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COLPAL.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,724.07 | 1.57 % | |
| R2 | 2,708.19 | 0.98 % | ||
| R1 | 2,698.39 | 0.611 % | ||
| Current price: | 2,682.00 | |||
| Support | S1 | 2,666.64 | -0.573 % | |
| S2 | 2,656.84 | -0.94 % | ||
| S3 | 2,640.97 | -1.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,862.60 | 6.73 % | |
| R2 | 2,728.55 | 1.74 % | ||
| R1 | 2,710.35 | 1.06 % | ||
| Current price | 2,682.00 | |||
| Support | S1 | 2,673.30 | -0.324% | |
| S2 | 2,672.55 | -0.352% | ||
| S3 | 2,655.65 | -0.98% |
COLPAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2024 | May 22, 2024 | Jun 13, 2024 | ₹26.00 | 0.97% |
| 2 | Nov 06, 2023 | Nov 06, 2023 | Nov 06, 2023 | ₹0 | 0% |
| 3 | May 19, 2023 | May 19, 2023 | May 19, 2023 | ₹21.00 | 1.31% |
| 4 | Oct 31, 2022 | Oct 31, 2022 | Oct 31, 2022 | ₹18.00 | 1.10% |
| 5 | May 05, 2022 | May 05, 2022 | May 05, 2022 | ₹21.00 | 1.34% |
FAQ
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