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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- 2/27/2026 -
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Clorox Co. (CLX) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance lineTrend support at 126.69
Daily :Williams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceDaily  MACD line has moved below its signal lineBullish Doji CandlestickPrice is near the Fibonacci 23.6% retracement level
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It was a first positive week for the Clorox Co. (CLX). During the week, the CLX gained 3.56 points, or 2.88%, and closed at 127.16 on Friday, February 27, 2026. Weekly volume was -12% below average.

CLX is a member of Consumer Staples Sector. Consumer Staples is the most overbought sector. 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 downtrend had started on December 6, 2024 at 171.37 and reached 96.66 on December 23, 2025. CLX lost 74.71 points, or 43.60%, in 54 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (89.38) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. CLX may retest the broken resistance line. It is considered to be a support line now. 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 long-term trend.

Medium-term trend: [See CLX medium-term trend chart]
A medium-term uptrend had started on December 23, 2025 at 96.66 and reached 128.90 on February 26, 2026. CLX gained -32.24 points, or -33.35%, in 9 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (126.69) 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 Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since January 9, 2026. 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 February 19, 2026 at 121.48 and reached 128.90 on February 26, 2026. CLX gained -7.42 points, or -6.11%, in 7 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See CLX daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily 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 below its signal line. Such crossover is considered a bearish signal.

Candlestick pattern: [See CLX candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.12
Williams' Percentage Range (W%R) 9.30
Strong Overbought
Lane's Stochastic (%D-Slow) 79.51
Bearish
Greed/Fear Indicator (GFI) 80.12
Overbought
Moving Average Converg./Diverg. (MACD) 4.25 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.93
Williams' Percentage Range (W%R) 5.30
Strong Overbought
Lane's Stochastic (%D-Slow) 89.42
Overbought
Greed/Fear Indicator (GFI) 82.67
Overbought
Moving Average Converg./Diverg. (MACD) -4.62
Trading Signals
Description Value Chart
Monthly Trendline Resistance 133.16
Upper Bollinger Band 130.73
Daily Stochastic Crossing 127.18
Price 127.16
Monthly Trendline Support 126.69
Weekly Stochastic Crossing 126.46
Parabolic System 122.34
20 Day Moving Average 121.95
Lower Bollinger Band 112.49
50 Day Moving Average 111.71
Sector and Industry
Description Name Rank
Sector Consumer Staples 9
Industry Household Products 99
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 121.48
Low Date 02/19/2026
High 128.90
High Date 02/26/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 121.48
Low Date 02/19/2026
High 128.90
High Date 02/26/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 133.16
Support 126.69
Low 96.66
Low Date 12/23/2025
High 128.90
High Date 02/26/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 93.46
Support 89.38
High 171.37
High Date 12/06/2024
Low 96.66
Low Date 12/23/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 239.87
High Date 08/05/2020
Low 96.66
Low Date 12/23/2025
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.