CLOROX COMPANY (CLX) Stock Technical Analysis
NYSE:CLX • US1890541097
Taking everything into account, CLX scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, CLX is a bad performer.
- When comparing the yearly performance of all stocks, CLX is a bad performer in the overall market: 68% of all stocks are doing better.
- CLX is one of the lesser performing stocks in the Household Products industry. 90% of 12 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month CLX has a been trading in the 108.30 - 128.90 range, which is quite wide. It is currently trading near the high of this range.
- CLX has an average volume of 2363390 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.
Besides having an excellent technical rating, CLX also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 126.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 126.69, a Stop Loss order could be placed below this zone.
More info and screens
107.71
When analyzing the support we can see 3 important areas.
- A support zone ranging from 123.60 to 126.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @118.69 from a trend line in the daily time frame.
- Support @108.80 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 126.90 to 126.90. 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 | 32.61 | NEUTRAL | CLX is not amongst the best or worst performers 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) | 71.15 | OVERBOUGHT | The high RSI value suggests CLX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CLX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.95 | OVERBOUGHT | The high Stochastics value suggests CLX may be overbought. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for CLX suggests some volalility. |
| Average Directional Index/ADX (14) | 38.07 | 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 |
|---|---|---|---|
| 126.91 | 123.59 | 3.32 (2.62%) | 25.00% |
| An entry @126.91. This is a Buy Stop order right above the resistance zone. | An exit @123.59. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.32 points, which is 2.62%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.65%. |
- The distance between exit and entry is rather small compared to the average daily movement of CLX. Please evaluate whether better entry and exit points can be found.
- 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.
126.89
+0.65 (+0.51%)
CLOROX COMPANY / CLX FAQ
Can you provide the ChartMill technical rating for CLOROX COMPANY?
ChartMill assigns a technical rating of 7 / 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 71.1542. 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 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 126.69 and a resistance level at 126.9. Check the full technical report for our detailed analysis of CLX support and resistance levels.