CL Price Prediction Next Week
Analysis and Insights
Technical Analysis:
The price of CL (Crude Oil) is currently trading at $96.36, with key technical indicators suggesting a potential reversal. The Relative Strength Index (RSI) for CL is at 80.16, indicating overbought conditions, which often precedes a price correction. The MACD line is above the signal line, but the histogram is showing a decline in upward momentum, signaling a potential trend reversal.
Fibonacci Levels:
The Fibonacci levels for CL indicate strong resistance at $98.08 and support at $89.57. The current price is trading near the upper resistance level, suggesting a high likelihood of a pullback.
News Impact:
Recent news indicates a decline in oil prices due to concerns over U.S. import tariffs and rising OPEC+ output. Geopolitical tensions, including U.S. sanctions on Russia and Iran, are adding to market uncertainty. However, analysts expect support around $65/$62 to hold firm before a recovery.
Conclusion:
Based on the technical indicators and news sentiment, the price of CL is expected to decline next week. The exact price target is $93.12, with a recommendation to sell due to overbought conditions and weakening upward momentum.
CL Similar Chart Price Prediction
The price of CL is predicted to go up 9.57%, based on the high correlation periods with ECBK. The similarity of these two price pattern on the periods is 95.02%.
CL
ECBK
Up: 9.57%Similarity: 95.02%
CL Revenue Forecast
CL EPS Forecast
CL FAQs
What is CL revenue forecast for next quarter？
What is CL eps forecast for next quarter？
CL VS S&P500
Increased pet adoption (up by mid-single-digits in the US) during the pandemic could buoy Colgate's Hill's business over a longer horizon than we anticipate.
Even in the face of cost pressures, Colgate has been resolute in its commitment to investing behind its brand, with advertising spending up 18% in the fourth quarter, thus supporting its wide moat.
Colgate's gross margin averaged 59% over the past five years, and with management's claims that its gross margin in emerging markets outpaces developed regions, growth in these regions could propel profits even further.
CL Analyst's Forecast
Mark Astrachan
Stifel
Hold
2025-01-17
Price Target
$101 → $95
Upside
+7.67%
Stifel lowered the firm's price target on Colgate-Palmolive (CL) to $95 from $101 and keeps a Hold rating on the shares. The firm updated and reduced EPS estimates for P&G (PG) and Colgate-Palmolive ahead of December quarter reporting, mainly reflecting recent negative foreign exchange movement, the analyst tells investors.
Lauren Lieberman
Barclays
Hold
2025-01-17
Price Target
$96 → $83
Downside
-5.93%
Andrea Teixeira
JP Morgan
Buy
2025-01-16
Price Target
$109 → $103
Upside
+16.74%
