The Greedy Trader Weekly Analysis
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Uptrend Broken Support
Uptrend Broken Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Broken Support alert is a confirmation that long term uptrend reversal is completed and a new downtrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of support trendline. This point is considered as a second chance to sell long position (or open short positions) in uptrend reversal.
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Clorox Co.
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Summary:
Weekly :Overbought industryWilliams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergence
Daily :Williams' Percentage Range is overboughtThe 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 first positive week for the Clorox Co. (CLX). During the week, the CLX gained 6.38 points, or 4.32%, and closed at 154.20 on Friday, November 02, 2018. Weekly volume was 52% above average.

CLX is a member of Cleaning Products Industry. Cleaning Products is the seventh most overbought industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CLX long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 45.67 and reached 155.23 on October 24, 2018. CLX gained -109.56 points, or -239.89%, in 502 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 117.86 and resistance is at 158.97. 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 155.23 on October 24, 2018. CLX gained -41.66 points, or -36.68%, in 26 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 150.67 and resistance is at 157.38. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See CLX weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly 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 weekly 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. 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 low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 October 31, 2018 at 144.01 and reached 154.87 on November 2, 2018. CLX gained -10.86 points, or -7.54%, in 2 days. The price is now at the 6.17% retracement level.

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.

The daily MACD line is above its signal line since October 18, 2018. This is an indication that the short-term trend is up.

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) 61.73
Williams' Percentage Range (W%R) 11.20
Overbought
Lane's Stochastic (%D-Slow) 64.37
Greed/Fear Indicator (GFI) 71.62
Moving Average Converg./Diverg. (MACD) 0.68
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.82
Bearish
Williams' Percentage Range (W%R) 5.20
Strong Overbought
Lane's Stochastic (%D-Slow) 67.94
Bearish
Greed/Fear Indicator (GFI) 73.62
Moving Average Converg./Diverg. (MACD) 4.73 Bearish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 158.97
Quarterly Trendline Resistance 157.38
Upper Bollinger Band 156.25
Price 154.20
Daily Stochastic Crossing 152.09
Quarterly Trendline Support 150.67
Weekly Stochastic Crossing 150.55
20 Day Moving Average 149.67
50 Day Moving Average 149.34
Lower Bollinger Band 144.53
Parabolic System 144.31
Sector and Industry
Description Name Rank
Sector Consumer Goods 7
Industry Cleaning Products 157
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 144.01
Low Date 10/31/2018
High 154.87
High Date 11/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 144.01
Low Date 10/31/2018
High 154.87
High Date 11/02/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 141.53
Low Date 10/11/2018
High 155.23
High Date 10/24/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 157.38
Support 150.67
Low 113.57
Low Date 04/24/2018
High 155.23
High Date 10/24/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 158.97
Support 117.86
Low 45.67
Low Date 03/09/2009
High 155.23
High Date 10/24/2018
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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