CLX Technical Analysis - CLOROX COMPANY

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to CLX. In the past year, CLX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

85% of all other stocks performed better in the past year than CLX.

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 116.53 - 128.15 range, which is quite wide. It is currently trading near the high of this range.

CLX has an average volume of 1823440 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, CLX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

116.49

133.20

When analyzing the support we can see 2 important areas.

A support zone ranging from 122.34 to 124.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 117.67 to 118.20. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

A resistance zone ranging from 124.31 to 126.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 130.82 to 131.88. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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	15.31	NEGATIVE	CLX has a low relative strength, it was outperformed by 84.69% 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)	DOWN	NEGATIVE	The current price of CLX is below a declining 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)	52.11	NEUTRAL	The RSI value for CLX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.35	POSITIVE	The MACD value suggests CLX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	70.03	NEUTRAL	The Stochastics value for CLX is a neutral value.
Average True Range in percent/ATR (20)	1.71	LOW VOLATILITY	The low ATR as a percentage value for CLX suggests low volalility.
Average Directional Index/ADX (14)	19.53	NEGATIVE	The low ADX value for CLX suggests a weak or negative trend.