The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance 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. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend 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 resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 10/9/2026 -
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Clorox Co. (CLX) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range oversoldLane's Stochastic is strongly oversoldStochastic has raised above the signal lineLane's Stochastic bullish divergence
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a first positive week for the Clorox Co. (CLX). During the week, the CLX gained 3.39 points, or 4.22%, and closed at 83.80 on Friday, October 9, 2026. It was the best weekly gain since August 7, 2026. CLX was trading at average weekly trading volume.

Long-term trend: [See CLX long-term trend chart]
A long-term downtrend had started on December 6, 2024 at 171.37 and reached 79.12 on October 1, 2026. CLX lost 92.25 points, or 53.83%, in 94 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 70.21 and resistance is at 107.73. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See CLX medium-term trend chart]
A medium-term downtrend had started on August 24, 2026 at 109.42 and reached 79.12 on October 1, 2026. CLX lost 30.30 points, or 27.69%, in 5 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (76.58) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See CLX weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Williams' Percentage Range or strongly oversold weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish 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 and Williams' Percentage Range help.

The weekly MACD line is below its signal line since September 11, 2026. This is an indication that the medium-term trend is down. 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 1, 2026 at 79.12 and reached 84.73 on October 6, 2026. CLX gained -5.61 points, or -7.09%, in 5 days. The price is now at the 16.58% retracement level.

Daily Technical Indicators: [See CLX daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.21
Williams' Percentage Range (W%R) 60.60
Lane's Stochastic (%D-Slow) 65.84
Greed/Fear Indicator (GFI) 50.80
Moving Average Converg./Diverg. (MACD) -3.73
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.69
Williams' Percentage Range (W%R) 86.00
Oversold
Lane's Stochastic (%D-Slow) 6.43
Strong Oversold Bullish
Greed/Fear Indicator (GFI) 20.70
Moving Average Converg./Diverg. (MACD) -3.44 Bullish
Trading Signals
Description Value Chart
50 Day Moving Average 94.13
Upper Bollinger Band 89.61
Price 83.80
20 Day Moving Average 83.55
Daily Stochastic Crossing 83.24
Weekly Stochastic Crossing 81.31
Lower Bollinger Band 80.43
Parabolic System 79.38
Monthly Trendline Support 76.58
Monthly Trendline Resistance 73.52
Quarterly Trendline Support 70.21
Sector and Industry
Description Name Rank
Sector Consumer Staples 4
Industry Household Products 23
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 79.12
Low Date 10/01/2026
High 84.73
High Date 10/06/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 79.12
Low Date 10/01/2026
High 84.73
High Date 10/06/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 73.52
Support 76.58
High 109.42
High Date 08/24/2026
Low 79.12
Low Date 10/01/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 107.73
Support 70.21
High 171.37
High Date 12/06/2024
Low 79.12
Low Date 10/01/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 239.87
High Date 08/05/2020
Low 79.12
Low Date 10/01/2026
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.