The Greedy Trader Weekly Analysis
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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.

Archive
- 11/6/2026 -
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Ecolab Inc. (ECL) Technical Analysis

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Summary:
Weekly :Broken trend support line
Daily :The price has fallen below the Parabolic SAR
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It was the negative week for the Ecolab Inc. (ECL). During the week, the ECL gave back -2.30 points, or -0.76%, and closed at 300.68 on Friday, November 6, 2026. Weekly volume was 43% above average.

Long-term trend: [See ECL long-term trend chart]
A long-term uptrend had started on November 3, 2022 at 131.04 and reached 318.93 on November 5, 2026. ECL gained -187.89 points, or -143.38%, in 209 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 264.47 and resistance is at 341.75. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See ECL medium-term trend chart]
A medium-term uptrend had started on October 1, 2026 at 267.46 and reached 318.93 on November 5, 2026. ECL gained -51.47 points, or -19.24%, in 5 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (303.45) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.

Weekly Technical Indicators: [See ECL weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since June 18, 2026. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See ECL short-term trend chart]
A short-term downtrend had started on November 5, 2026 at 318.93 and reached 297.00 on November 6, 2026. ECL lost 21.93 points, or 6.88%, in 1 days. The price is now at the 16.78% retracement level.

Daily Technical Indicators: [See ECL daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since October 2, 2026.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.60
Williams' Percentage Range (W%R) 47.20
Lane's Stochastic (%D-Slow) 76.36
Greed/Fear Indicator (GFI) 63.91
Moving Average Converg./Diverg. (MACD) 5.71
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.44
Williams' Percentage Range (W%R) 33.00
Lane's Stochastic (%D-Slow) 72.23
Greed/Fear Indicator (GFI) 65.53
Moving Average Converg./Diverg. (MACD) 3.22
Trading Signals
Description Value Chart
Yearly Trendline Resistance 341.75
Monthly Trendline Resistance 319.97
Parabolic System 319.25
Upper Bollinger Band 312.86
Daily Stochastic Crossing 310.34
Weekly Stochastic Crossing 308.19
Monthly Trendline Support 303.45
Price 300.68
20 Day Moving Average 294.57
50 Day Moving Average 283.96
Lower Bollinger Band 278.10
Yearly Trendline Support 264.47
Sector and Industry
Description Name Rank
Sector Materials 6
Industry Specialty Chemicals 62
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 318.93
High Date 11/05/2026
Low 297.00
Low Date 11/06/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 318.93
High Date 11/05/2026
Low 297.00
Low Date 11/06/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 319.97
Support 303.45
Low 267.46
Low Date 10/01/2026
High 318.93
High Date 11/05/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 243.15
Low Date 05/19/2026
High 318.93
High Date 11/05/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 341.75
Support 264.47
Low 131.04
Low Date 11/03/2022
High 318.93
High Date 11/05/2026
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.