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Weekly MACD Divergence:Bearish
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Moving Average Convergence Divergence (MACD)

Moving Average Convergence Divergence (MACD indicator) was developed by Gerald Appel, and it represents the relationship between two moving averages. MACD crossover with the signal line warns about the trend weakening. MACD dramatic rise represents an overbought/oversold condition and indicates the trend exhaustion. The MACD divergence between price and indicator is the one of the most popular buy/sell MACD signals.

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- 9/13/2024 -
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Clorox Co. (CLX) Technical Analysis

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Summary:
Weekly :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtBroken trend resistance lineBroken trend resistance line
Daily :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtThe price has fallen below the Parabolic SAR
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It was a fifth consecutive positive week for the Clorox Co. (CLX). During the week, the CLX climbed 1.52 points, or 0.92%, and closed at 166.27 on Friday, September 13, 2024. Weekly volume was -23% below average.

Long-term trend: [See CLX long-term trend chart]
A long-term downtrend had started on August 5, 2020 at 239.87 and reached 114.69 on November 1, 2023. CLX lost 125.18 points, or 52.19%, in 169 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (111.05) 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 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 Symmetric Triangle chart pattern. The downtrend resistance line (134.28) 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 medium-term trend.

Weekly Technical Indicators: [See CLX weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 August 2, 2024. The distance between MACD and the signal line is relatively high and getting bigger. 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 May 29, 2024 at 127.60 and reached 167.75 on September 10, 2024. CLX gained -40.15 points, or -31.47%, in 104 days. The chart has formed a Rectangle chart pattern. The uptrend resistance line (129.11) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 short-term trend.

Daily Technical Indicators: [See CLX daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is above its signal line since August 1, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.85
Overbought
Williams' Percentage Range (W%R) 12.60
Overbought
Lane's Stochastic (%D-Slow) 81.93
Overbought
Greed/Fear Indicator (GFI) 83.38
Overbought
Moving Average Converg./Diverg. (MACD) 5.94
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 86.32
Overbought
Williams' Percentage Range (W%R) 7.00
Strong Overbought
Lane's Stochastic (%D-Slow) 93.31
Strong Overbought
Greed/Fear Indicator (GFI) 84.04
Overbought
Moving Average Converg./Diverg. (MACD) -0.19
Trading Signals
Description Value Chart
Upper Bollinger Band 171.26
Parabolic System 167.46
Daily Stochastic Crossing 166.29
Price 166.27
Weekly Stochastic Crossing 166.19
20 Day Moving Average 158.28
Yearly Trendline Resistance 145.72
50 Day Moving Average 145.66
Lower Bollinger Band 145.21
Quarterly Trendline Resistance 143.15
Weekly Trendline Resistance 138.64
Quarterly Trendline Support 134.28
Sector and Industry
Description Name Rank
Sector Consumer Staples 7
Industry Household Products 77
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 129.19
Low Date 07/30/2024
High 167.75
High Date 09/10/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rectangle
Status Broken Resistance
Resistance 138.64
Support 129.11
Low 127.60
Low Date 05/29/2024
High 167.75
High Date 09/10/2024
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 121.93
Support 100.54
High 158.89
High Date 02/02/2024
Low 127.60
Low Date 05/29/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 143.15
Support 134.28
High 178.21
High Date 05/03/2023
Low 114.69
Low Date 11/01/2023
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 145.72
Support 111.05
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.