CL Price Prediction Next Week
Based on the provided data and technical analysis, here is the prediction for CL (Crude Oil) for next week:
Technical Analysis:
- Current RSI (14) at 37.16 indicates oversold conditions, suggesting potential for a technical bounce
- Price is trading below both SMA-20 (88.96) and SMA-200 (95.66), indicating bearish long-term trend
- MACD at -1.31 shows bearish momentum continues
News Impact Analysis:
- President Trump called for OPEC to reduce oil prices to impact Russia's finances
- Brent crude dropped to $77.97 and WTI at $74.16
- Goldman Sachs analysts do not expect significant disruption to Russian production due to higher freight rates and discounts attracting buyers
- JP Morgan notes risk premium is justified with 20% of global Aframax fleet facing sanctions
Price Targets for Next Week: Based on Fibonacci levels:
- Resistance 1: $89.24
- Resistance 2: $90.14
- Resistance 3: $91.60
- Support 1: $86.32
- Support 2: $85.42
- Support 3: $83.96
- Pivot: $87.78
Prediction: Price target: $84.50-85.50
Trading Recommendation: SELL
- Entry: Current market price around $87.78
- Stop loss: Above $89.24 (R1)
- Take profit: $85.42 (S2)
Rationale:
- Bearish pressure from Trump's call for lower oil prices
- Technical indicators showing bearish momentum
- Price trading below key moving averages
- Oversold conditions may provide some support but overall trend remains bearish
CL Similar Chart Price Prediction
The price of CL is predicted to go up -8.34%, based on the high correlation periods with CIEN. The similarity of these two price pattern on the periods is 98.41%.
CL
CIEN
Down: -8.34%Similarity: 98.41%
CL Revenue Forecast
CL EPS Forecast
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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
Chris Carey
Wells Fargo
Sell
Price Target
$100 → $92
Upside
-3.95%
Wells Fargo lowered the firm's price target on Colgate-Palmolive to $92 from $100 and keeps an Underweight rating on the shares. The firm notes Colgate-Palmolive's Q3 was solid, but the stock is down. In Wells' view, of greater importance is trends should keep normalizing, which is normal, against a valuation that still isn't as normal, namely with a bit of EPS recalibration for 2025.
Robert Moskow
TD Cowen
Strong Buy
Price Target
$115 → $110
Upside
+14.85%
Mark Astrachan
Stifel
Strong Buy → Hold
Price Target
$105 → $101
Upside
+5.45%