The Greedy Trader Weekly Analysis
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Number of records: 10
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Clorox Co.
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Summary:
Weekly :Broken trend support line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the Clorox Co. (CLX). During the week, the CLX gained 5.80 points, or 3.87%, and closed at 155.66 on Friday, February 8, 2019. It was the best weekly gain since November 2, 2018. Weekly volume was 56% above average.

Long-term trend: [See CLX long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 45.67 and reached 167.70 on November 28, 2018. CLX gained -122.03 points, or -267.20%, in 507 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 119.81 and resistance is at 162.02. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See CLX medium-term trend chart]
A medium-term uptrend had started on April 24, 2018 at 113.57 and reached 167.70 on November 28, 2018. CLX gained -54.13 points, or -47.66%, in 31 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (168.06) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See CLX weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since December 21, 2018. Use the following link to access a MACD help.

Short-term trend: [See CLX short-term trend chart]
A short-term uptrend had started on January 31, 2019 at 143.58 and reached 161.35 on February 4, 2019. CLX gained -17.77 points, or -12.38%, in 4 days. The price is now at the 32.02% retracement level.

Daily Technical Indicators: [See CLX daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.00
Williams' Percentage Range (W%R) 49.00
Lane's Stochastic (%D-Slow) 62.94
Greed/Fear Indicator (GFI) 55.33
Moving Average Converg./Diverg. (MACD) -0.99
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.66
Williams' Percentage Range (W%R) 57.50
Lane's Stochastic (%D-Slow) 30.40
Greed/Fear Indicator (GFI) 40.50
Moving Average Converg./Diverg. (MACD) 4.72
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 175.12
Quarterly Trendline Support 168.06
Yearly Trendline Resistance 162.02
Upper Bollinger Band 158.57
Price 155.66
50 Day Moving Average 155.28
Daily Stochastic Crossing 153.86
20 Day Moving Average 151.28
Weekly Stochastic Crossing 150.60
Lower Bollinger Band 145.71
Parabolic System 144.83
Monthly Trendline Resistance 144.78
Monthly Trendline Support 143.25
Sector and Industry
Description Name Rank
Sector Consumer Goods 4
Industry Cleaning Products 90
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 150.69
Low Date 02/07/2019
High 155.76
High Date 02/08/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 143.58
Low Date 01/31/2019
High 161.35
High Date 02/04/2019
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 144.78
Support 143.25
High 167.70
High Date 11/28/2018
Low 143.58
Low Date 01/31/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 175.12
Support 168.06
Low 113.57
Low Date 04/24/2018
High 167.70
High Date 11/28/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 162.02
Support 119.81
Low 45.67
Low Date 03/09/2009
High 167.70
High Date 11/28/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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