Million

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>CL stock price trades below the major 20, and 50-day daily moving averages.</a> </li> 
 <li> <span>2</span> <a>Colgate Palmolive Company (NYSE: CL) stock’s 52-week price range is around $67 – $83.</a> </li> 
</ul> 
<p>Colgate-Palmolive Co. produces and sells consumer products worldwide. It has three business segments: Oral, Personal and Home Care, and Pet Nutrition. The first segment covers various regions, such as North America, Latin America, Europe, Asia Pacific, and Africa or Eurasia. It serves different types of customers and distributors in the retail and wholesale markets.</p> 
<p>Colgate’s latest quarterly balance sheet for the period ending June 2023, reported total assets of $16.23 Billion and total liabilities of $15.91 Billion. The debt-to-assets ratio is at 98.06%, which is a negative sign and might be a concern for CL stock.</p> 
<p>The latest quarterly earnings report for the period ending June 2023, displayed a revenue of $4.82 Billion, with a net income of $502.00 Million, and a profit margin of 10.41%. This quarter, the reported revenue knocked out analysts estimate by $125.268 Million (2.67%). The next quarter’s revenue is estimated to be $4.814 Billion.</p> 
<p>The CL stock’s dividend yield for the TTM is 2.66% and its last dividend payment was 0.48 per share. The last ex-dividend date is October 20, 2023, and its payout ratio is 105.38%.</p> 
<p>The CL stock has a float of 825.517 Million shares and a market cap of $58.951 Billion. The Colgate Palmolive Company. stock’s average volume for the last 10 days is 3.743 Million and its current volume is 3.364 Million. The CL stock has a CMP of $71.31 and an intraday gain of 0.37%.</p> 
<p>At the time of publishing, the major EMA’s in Colgate Palmolive Company. (NYSE: CL) are bearish. The MACD shows a bearish cross on the charts and RSI is at 36.38 taking resistance from 14 SMA.</p> 
<p>However, the stock ratings for Colgate stock are positive and highly recommended based on 22 analysts who have evaluated it in the last three months. The 1-year price forecasts for Colgate stock by 18 analysts range from $68 to $98, with a high potential for growth.</p> 
<h2 class="wp-block-heading" id="strong-cl-stock-price-technical-analysis-in-1-d-timeframe-strong"><strong>CL Stock Price Technical Analysis in 1-D Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="594" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-990-1024x594.png" alt="CL Stock Forecast: Will (NYSE: CL) Break It’s Range &amp; Go Upward?&nbsp;" class="wp-image-172184" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-990-1024x594.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-990-300x174.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-990-768x445.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-990-750x435.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-990-1140x661.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-990.png 1461w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: CL.1D.NYSE by TradingView
  </figcaption>
 </figure>
</div> 
<p>The stock may continue to fall further if it breaks below the current levels and breaks below $68, which could lead to a target of $60. On the other hand, if Colgate stock manages to reverse the trend and gain strong buying momentum It could rise above $75, triggering a rally above $82 or higher.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/09/28/rsg-stock-price-fails-to-hold-150-will-bulls-regain-strength/" target="_blank" rel="noreferrer noopener">Colgate stock </a>is going down because of high debt. It pays a good amount of dividend but it has a payout ratio of 105.34% which might be a concern. Analysts are bullish on long-term growth and dividend increase. It has support at $68 and resistance at $75. However, the technical indicators are bearish.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support levels</strong>: $68 and $60</p> 
<p><strong>Resistance levels</strong>: $75 and $82</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

CL Stock Forecast: Will (NYSE: CL) Break It’s Range & Go Upward?

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