CLX Technical Analysis - CLOROX COMPANY

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to CLX. CLX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, CLX is a bad performer in the overall market: 86% of all stocks are doing better.

CLX is one of the lesser performing stocks in the Household Products industry. 63% of 12 stocks in the same industry do better.

CLX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month CLX has a been trading in the 117.22 - 127.17 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been consolidating recently, but much resistance may still be present above.

CLX has an average volume of 1810190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

CLX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 119.14, a Stop Loss order could be placed below this zone.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

116.49

133.20

When analyzing the support we notice one important area.

A support zone ranging from 117.67 to 119.14. 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 120.67 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 130.81 to 131.88. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	DOWN	NEGATIVE	The short term trend for CLX is down.
ChartMill Relative Strength	14.11	NEGATIVE	CLX has a low relative strength, it was outperformed by 85.89% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CLX is below a declining 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)	42.24	NEUTRAL	The RSI value for CLX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.27	NEGATIVE	The MACD value suggests CLX has a negative trend.
Stochastics (14,3)	34.48	NEUTRAL	The Stochastics value for CLX is a neutral value.
Average True Range in percent/ATR (20)	2.04	MEDIUM VOLATILITY	The ATR as a percentage value for CLX suggests some volalility.
Average Directional Index/ADX (14)	15.71	NEGATIVE	The low ADX value for CLX suggests a weak or negative trend.