CLOROX COMPANY (CLX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CLX - US1890541097 - Common Stock
We assign a technical rating of 4 out of 10 to CLX. Recently some decent action could be observed, but in the medium term time frame this is still negative. CLX was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, CLX is a bad performer in the overall market: 83% of all stocks are doing better.
- CLX is one of the lesser performing stocks in the Household Products industry. 81% of 12 stocks in the same industry do better.
- CLX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month CLX has a been trading in the 97.82 - 115.47 range, which is quite wide. It is currently trading near the high of this range.
- CLX has an average volume of 2316590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CLX has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
96.46
When analyzing the support we notice one important area.
- A support zone ranging from 97.43 to 98.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 113.26 to 113.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @124.17 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CLX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CLX is up. |
| ChartMill Relative Strength | 17.4 | NEGATIVE | CLX has a low relative strength, it was outperformed by 82.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CLX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CLX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CLX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 71.05 | OVERBOUGHT | The high RSI value suggests CLX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.91 | POSITIVE | The MACD value suggests CLX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.44 | OVERBOUGHT | The high Stochastics value suggests CLX may be overbought. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for CLX suggests some volalility. |
| Average Directional Index/ADX (14) | 32.21 | POSITIVE | The high ADX value value for CLX suggests a strong trend. |
112.87
-0.61 (-0.54%)
CLOROX COMPANY / CLX FAQ
Can you provide the ChartMill technical rating for CLOROX COMPANY?
ChartMill assigns a technical rating of 4 / 10 to CLX.
What is the trend direction for CLX stock?
The current trend direction for CLOROX COMPANY (CLX) is Bearish.
What is the RSI signal for CLX stock?
CLOROX COMPANY (CLX) has an RSI value of 71.0509. This indicates that the stock is currently overbought.
What is the buy/sell signal for CLOROX COMPANY (CLX) stock?
The buy/sell signal for CLOROX COMPANY (CLX) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for CLOROX COMPANY (CLX) stock?
CLOROX COMPANY (CLX) has a support level at 98.43 and a resistance level at 113.26. Check the full technical report for our detailed analysis of CLX support and resistance levels.