CLOROX COMPANY (CLX) Stock Technical Analysis
NYSE:CLX • US1890541097
We assign a technical rating of 6 out of 10 to CLX. In the last year, CLX was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- When comparing the yearly performance of all stocks, CLX is a bad performer in the overall market: 71% 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.
- The long and short term trends are both positive. This is looking good!
- CLX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- CLX has an average volume of 2369240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- CLX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CLX is lagging the market.
CLX has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 125.94. Right above this resistance zone may be a good entry point.
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97.45
3 important support areas can be observed.
- A support zone ranging from 116.71 to 118.17. 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 108.80 to 109.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @98.43 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 125.94 to 126.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for CLX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CLX is up. |
| ChartMill Relative Strength | 29.49 | NEGATIVE | CLX has a low relative strength, it was outperformed by 70.51% 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 | MIXED | The current price of CLX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.42 | NEUTRAL | The RSI value for CLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests CLX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.16 | NEUTRAL | The Stochastics value for CLX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for CLX suggests some volalility. |
| Average Directional Index/ADX (14) | 38.46 | POSITIVE | The high ADX value value for CLX suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 126.09 | 116.74 | 9.35 (7.42%) | 13.49% |
| An entry @126.09. This is a Buy Stop order right above the resistance zone. | An exit @116.74. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 9.35 points, which is 7.42%. | When investing 13.49% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
123.6
+1.38 (+1.13%)
CLOROX COMPANY / CLX FAQ
Can you provide the ChartMill technical rating for CLOROX COMPANY?
ChartMill assigns a technical rating of 6 / 10 to CLX.
What is the trend direction for CLX stock?
The current trend direction for CLOROX COMPANY (CLX) is Bullish.
What is the RSI signal for CLX stock?
CLOROX COMPANY (CLX) has an RSI value of 67.4156. This indicates that the stock is currently neutral.
What is the buy/sell signal for CLOROX COMPANY (CLX) stock?
The buy/sell signal for CLOROX COMPANY (CLX) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for CLOROX COMPANY (CLX) stock?
CLOROX COMPANY (CLX) has a support level at 118.17 and a resistance level at 125.94. Check the full technical report for our detailed analysis of CLX support and resistance levels.