The Greedy Trader Weekly Analysis
Sign In Mar 22, 2024
Skip Navigation Links
TA Search
Weekly D%-Slow:> 90
Number of records: 10
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Lane's Stochastic (%D-Slow)

The Lane's Stochastic indicator developed by George Lane is one of the most useful and widely used momentum oscillators in technical analysis. Lane's Stochastic oscillator uses four indicators to combine relative strength with moving average methods. %K is an un-smoothed RSI. %D is a moving average of %K (fast stochastic). %D-Slow is a longer term moving average of %K, and finally %D-Slow (slow stochastic) Moving Avg. is another moving average. Like other overbought oversold oscillators, they are normalized within a scale of 0 to 100. Buy/sell signals are generated by %D stochastic crossover with its moving average above 80%, for overvalued, or below 20%, for undervalued stocks. The divergence between price and indicator is the most important buy/sell stocks trading signal. Lane's Stochastic bullish divergence/bearish divergence should be considered together with other stock market trading alerts, trading indicator and technical trading techniques.

Advanced TA Search

Archive
- 3/15/2024 -
Sign In to see current Signals.

Clorox Co. (CLX) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Trend resistance at 146.82Trend support at 151.55
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldPrice is close to the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Clorox Co. (CLX). During the week, the CLX dropped -5.50 points, or -3.53%, and closed at 150.16 on Friday, March 15, 2024. It was the worst weekly loss since October 6, 2023. Weekly volume was -26% below average.

Long-term trend: [See CLX long-term trend chart]
A long-term downtrend had started on May 3, 2023 at 178.21 and reached 114.69 on November 1, 2023. CLX lost 63.52 points, or 35.64%, in 26 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (146.82). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See CLX medium-term trend chart]
A medium-term uptrend had started on November 1, 2023 at 114.69 and reached 158.89 on February 2, 2024. CLX gained -44.20 points, or -38.54%, in 13 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (151.55) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

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

The weekly MACD line is above its signal line since November 24, 2023. This is an indication that the medium-term trend is up. 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 March 5, 2024 at 149.32 and reached 157.86 on March 13, 2024. CLX gained -8.54 points, or -5.72%, in 8 days. The price is now at the 90.16% retracement level.

Daily Technical Indicators: [See CLX daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold 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 link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since March 13, 2024. The distance between MACD and the signal line is low, but getting bigger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 declined below 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.

Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 47.91
Williams' Percentage Range (W%R) 91.60
Strong Oversold
Lane's Stochastic (%D-Slow) 60.03
Greed/Fear Indicator (GFI) 38.79
Moving Average Converg./Diverg. (MACD) 1.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.76
Williams' Percentage Range (W%R) 20.00
Lane's Stochastic (%D-Slow) 69.37
Greed/Fear Indicator (GFI) 68.08
Moving Average Converg./Diverg. (MACD) 0.45
Trading Signals
Description Value Chart
Monthly Trendline Resistance 169.92
Parabolic System 157.69
Upper Bollinger Band 156.66
Daily Stochastic Crossing 154.04
Weekly Stochastic Crossing 152.75
20 Day Moving Average 152.75
Monthly Trendline Support 151.55
Price 150.16
50 Day Moving Average 149.24
Lower Bollinger Band 148.52
Quarterly Trendline Resistance 146.82
Sector and Industry
Description Name Rank
Sector Consumer Staples 4
Industry Household Products 74
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 157.86
High Date 03/13/2024
Low 149.89
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 149.32
Low Date 03/05/2024
High 157.86
High Date 03/13/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 169.92
Support 151.55
Low 114.69
Low Date 11/01/2023
High 158.89
High Date 02/02/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 146.82
Support 70.53
High 178.21
High Date 05/03/2023
Low 114.69
Low Date 11/01/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 239.87
High Date 08/05/2020
Low 114.69
Low Date 11/01/2023
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.