Technical Trend Overview and Price Movement
As of 3 February 2026, Colgate-Palmolive (India) Ltd closed at ₹2,131.00, up from the previous close of ₹2,106.40. The stock traded within a range of ₹2,082.10 to ₹2,137.90 during the day, remaining well below its 52-week high of ₹2,974.80 but above the 52-week low of ₹2,030.75. The recent price action reflects a cautious recovery, yet the overall technical trend remains mildly bearish, signalling that downward pressures have not fully dissipated.
The transition from a bearish to mildly bearish trend suggests some improvement in price momentum, but the stock has yet to establish a definitive bullish reversal. This nuanced shift is critical for investors seeking to time entries or exits in a stock that has historically shown volatility relative to the broader market.
MACD Signals: Divergent Weekly and Monthly Perspectives
The Moving Average Convergence Divergence (MACD) indicator offers a mixed outlook. On a weekly basis, the MACD is mildly bullish, indicating that short-term momentum may be improving as the MACD line edges above its signal line. This suggests potential for a near-term price uptick if buying interest sustains.
Conversely, the monthly MACD remains bearish, reflecting longer-term downward momentum. This divergence between weekly and monthly MACD readings highlights the stock’s current indecision and the possibility of a protracted consolidation phase before a clear trend emerges.
RSI and Bollinger Bands: Neutral to Mildly Bearish Signals
The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no clear signal, hovering in neutral territory. This indicates that the stock is neither overbought nor oversold, which aligns with the sideways price action observed over recent weeks.
Bollinger Bands, which measure volatility and price deviation, are mildly bearish on both weekly and monthly timeframes. The stock price remains closer to the lower band, suggesting subdued buying pressure and the potential for continued downside risk if volatility increases.
Moving Averages and KST: Cautious Bearishness Persists
Daily moving averages reinforce the mildly bearish stance, with the stock price trading near or slightly below key averages such as the 50-day and 200-day moving averages. This positioning often acts as resistance, limiting upward price momentum unless decisively breached.
The Know Sure Thing (KST) oscillator, a momentum indicator that aggregates multiple rate-of-change calculations, remains bearish on both weekly and monthly charts. This suggests that despite short-term improvements, the underlying momentum is still weak, and investors should remain cautious.
Volume and Dow Theory: Lack of Confirmed Trends
On-Balance Volume (OBV) and Dow Theory assessments show no clear trend on weekly or monthly timeframes. The absence of volume confirmation alongside price movements implies that the current price changes may lack conviction from institutional investors, which is often a prerequisite for sustained trend shifts.
Comparative Performance: Stock vs Sensex
When compared with the Sensex, Colgate-Palmolive’s returns reveal a mixed performance. Over the past week, the stock declined by 1.57% while the Sensex gained 0.16%. However, over the last month and year-to-date periods, the stock outperformed the Sensex with returns of 1.86% and 2.66% respectively, against Sensex declines of 4.78% and 4.17%. This relative strength in the short to medium term contrasts with the longer-term underperformance, as the stock has declined 26.55% over the past year compared to a 5.37% gain in the Sensex.
Over three and five years, Colgate-Palmolive has delivered returns of 45.74% and 31.71%, respectively, lagging behind the Sensex’s 36.26% and 64.00% gains. Over a decade, the stock’s 149.21% return trails the Sensex’s robust 232.80% growth, underscoring challenges in maintaining long-term outperformance.
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Mojo Score and Analyst Ratings
Colgate-Palmolive (India) Ltd currently holds a Mojo Score of 28.0, categorised as a Strong Sell by MarketsMOJO. This represents a downgrade from its previous Sell rating as of 24 October 2025, reflecting deteriorating technical and fundamental outlooks. The company’s Market Cap Grade is 2, indicating a mid-cap status with moderate liquidity and market presence.
The Strong Sell rating is driven primarily by the weak long-term technical indicators and the stock’s underperformance relative to the broader market. Investors should weigh these signals carefully, especially given the mixed momentum indicators and the absence of strong volume confirmation.
Sector Context and Outlook
Operating within the FMCG sector, Colgate-Palmolive faces competitive pressures and evolving consumer preferences that impact its growth trajectory. While the sector has generally shown resilience, the stock’s technical signals suggest it is currently lagging peers in momentum and investor sentiment.
Given the mildly bearish technical trend and the divergence in momentum indicators, the stock may continue to experience volatility in the near term. Investors with a medium to long-term horizon should monitor key technical levels, including the 50-day and 200-day moving averages, for signs of a sustained breakout or further decline.
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Investor Takeaway
Colgate-Palmolive’s recent technical developments indicate a tentative shift in momentum, but the overall picture remains cautious. The mildly bullish weekly MACD contrasts with bearish monthly momentum and moving averages, suggesting that any recovery may be fragile and subject to reversal.
Investors should consider the stock’s relative underperformance over the past year and the Strong Sell rating when evaluating their positions. The lack of volume confirmation and neutral RSI readings further imply that a decisive trend has yet to materialise.
For those seeking exposure to the FMCG sector, it may be prudent to explore alternative stocks with stronger technical and fundamental profiles, especially given the availability of top-rated options identified by MarketsMOJO’s SwitchER tool.
In summary, while Colgate-Palmolive (India) Ltd shows signs of stabilising, the technical indicators counsel caution. A clear break above key resistance levels and improved volume dynamics would be necessary to confirm a sustainable uptrend.
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