The Greedy Trader Weekly Analysis
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- 9/7/2018
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Clorox Co.
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Summary:
Weekly :Relative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceBearish Advance Block CandlestickDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a first positive week for the Clorox Co. (CLX). During the week, the CLX gained 5.76 points, or 3.97%, and closed at 150.74 on Friday, September 07, 2018. Weekly volume was -12% below 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 151.02 on September 7, 2018. CLX gained -105.35 points, or -230.68%, in 495 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 116.66 and resistance is at 157.09. 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 151.02 on September 7, 2018. CLX gained -37.45 points, or -32.98%, in 19 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 135.41 and resistance is at 153.12. 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 medium-term trend.

Weekly Technical Indicators: [See CLX weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 8, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 August 31, 2018 at 143.65 and reached 151.02 on September 7, 2018. CLX gained -7.37 points, or -5.13%, in 7 days. Price is near the trend high.

Daily Technical Indicators: [See CLX daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

Candlestick pattern: [See CLX candlestick chart pattern]
On Friday the chart has formed a Bearish Advance Block Candlestick pattern. This pattern occurs in an uptrend; it is not a top reversal pattern, but it might precede a meaningful price decline. The reliability of the Bearish Advance Block pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Advance Block Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.61
Bearish
Williams' Percentage Range (W%R) 15.90
Overbought
Lane's Stochastic (%D-Slow) 74.76
Bearish
Greed/Fear Indicator (GFI) 74.16
Moving Average Converg./Diverg. (MACD) 2.72 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.29
Overbought
Williams' Percentage Range (W%R) 5.00
Strong Overbought
Lane's Stochastic (%D-Slow) 88.70
Overbought
Greed/Fear Indicator (GFI) 83.00
Overbought
Moving Average Converg./Diverg. (MACD) 1.46
Trading Signals
Description Value Chart
Yearly Trendline Resistance 157.09
Quarterly Trendline Resistance 153.12
Price 150.74
Upper Bollinger Band 150.14
Daily Stochastic Crossing 149.97
Weekly Stochastic Crossing 148.42
20 Day Moving Average 145.66
Parabolic System 144.21
Lower Bollinger Band 139.91
50 Day Moving Average 139.12
Quarterly Trendline Support 135.41
Sector and Industry
Description Name Rank
Sector Consumer Goods 3
Industry Cleaning Products 152
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 143.65
Low Date 08/31/2018
High 151.02
High Date 09/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 143.65
Low Date 08/31/2018
High 151.02
High Date 09/07/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 127.34
Low Date 07/19/2018
High 151.02
High Date 09/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 153.12
Support 135.41
Low 113.57
Low Date 04/24/2018
High 151.02
High Date 09/07/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 157.09
Support 116.66
Low 45.67
Low Date 03/09/2009
High 151.02
High Date 09/07/2018
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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