Colgate-Palmolive Up 5.92% Eyes 93-95 Zone
$Colgate-Palmolive(CL)$
Colgate-Palmolive (CL) Rallies +5.92%: Breaking Key Resistance, Eyeing $93-$95 Zone
Latest Close Data
Closed at $90.29 on 2026-02-01, up +5.92% (+$5.05). Price is now 9.87% below its 52-week high of $100.18.
Core Market Drivers
The stock surged on heavy volume, potentially driven by broad market strength in defensive consumer staples. The significant net capital inflow ($80M) suggests strong institutional buying interest, overshadowing recent multi-day outflow trends.
Technical Analysis
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Volume: 13.92M shares, 2.29x the average volume ratio, confirming breakout conviction.
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MACD: DIF (2.074) crossed above DEA (1.701), with MACD histogram turning positive (0.748), signaling a bullish momentum shift.
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RSI: 6-day RSI at 82.03, entering overbought territory, indicating strong short-term buying pressure but suggesting a potential for a near-term pause or pullback.
Key Price Levels
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Immediate Pivot/Resistance: $90.34 (Previous resistance). Today's close just below this level makes it the immediate test.
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Strong Resistance: $93.00 - $95.00 (Next psychological and technical zone).
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Primary Support: $87.70 (Today's low) followed by $85.24 (yesterday's close).
Valuation Perspective
Forward P/E is 23.48, slightly below its historical average of 24.61 and the consumer staples sector average (~25x), suggesting the stock is fairly valued relative to its own history and peers.
Analyst Targets
20 analysts have an average price target of $89.28, with a high of $106. Consensus is bullish: 12 Buy (2 Strong Buy, 10 Buy), 9 Hold, 1 Sell.
Weekly Outlook
Expect consolidation near the $90.34 pivot. A confirmed break above could target $93-$95. Failure to hold $87.70 support may lead to a retest of the $85 area. The overbought RSI suggests the rally may need to catch its breath.
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