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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 1/16/2026 -
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Clorox Co. (CLX) Technical Analysis

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Summary:
Weekly :Stochastic signal line moved above oversold areaWeekly  MACD line has moved above its signal lineBroken trend resistance lineBroken trend resistance line
Daily :Relative Strength Index and Williams' Percentage Range are overboughtLane's Stochastic is strongly overboughtStochastic has declined below the signal lineBullish Doji Candlestick
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It was a fourth positive week after 3 consecutive negative weeks for the Clorox Co. (CLX). During the week, the CLX gained 3.79 points, or 3.57%, and closed at 109.98 on Friday, January 16, 2026. Weekly volume was 10% above average.

Long-term trend: [See CLX long-term trend chart]
A long-term downtrend had started on December 6, 2024 at 171.37 and reached 96.66 on December 23, 2025. CLX lost 74.71 points, or 43.60%, in 54 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (91.31) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. CLX may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See CLX medium-term trend chart]
A medium-term downtrend had started on September 5, 2025 at 128.15 and reached 96.66 on December 23, 2025. CLX lost 31.49 points, or 24.57%, in 15 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (95.54) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. CLX may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See CLX weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See CLX short-term trend chart]
A short-term uptrend had started on December 23, 2025 at 96.66 and reached 112.20 on January 15, 2026. CLX gained -15.54 points, or -16.08%, in 23 days. The price is now at the 14.29% retracement level.

Daily Technical Indicators: [See CLX daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range or strongly overbought daily Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following links to access Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is above its signal line since December 29, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

Candlestick pattern: [See CLX candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 86.58
Overbought
Williams' Percentage Range (W%R) 14.40
Overbought
Lane's Stochastic (%D-Slow) 90.28
Strong Overbought
Greed/Fear Indicator (GFI) 87.48
Overbought
Moving Average Converg./Diverg. (MACD) 0.47
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.91
Williams' Percentage Range (W%R) 57.80
Lane's Stochastic (%D-Slow) 33.13
Greed/Fear Indicator (GFI) 39.64
Moving Average Converg./Diverg. (MACD) -7.57
Trading Signals
Description Value Chart
Upper Bollinger Band 114.05
Daily Stochastic Crossing 111.25
Price 109.98
Parabolic System 107.38
Quarterly Trendline Resistance 105.55
50 Day Moving Average 103.47
20 Day Moving Average 102.71
Weekly Stochastic Crossing 102.47
Monthly Trendline Resistance 96.47
Lower Bollinger Band 95.75
Monthly Trendline Support 95.54
Quarterly Trendline Support 91.31
Sector and Industry
Description Name Rank
Sector Consumer Staples 5
Industry Household Products 13
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 99.74
Low Date 01/07/2026
High 112.20
High Date 01/15/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 96.66
Low Date 12/23/2025
High 112.20
High Date 01/15/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 96.47
Support 95.54
High 128.15
High Date 09/05/2025
Low 96.66
Low Date 12/23/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 105.55
Support 91.31
High 171.37
High Date 12/06/2024
Low 96.66
Low Date 12/23/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 239.87
High Date 08/05/2020
Low 96.66
Low Date 12/23/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.