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
- 9/4/2026 -
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Ecolab Inc. (ECL) Technical Analysis

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Summary:
Weekly :
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARWilliams' Percentage Range and Lane's Stochastic are oversoldPrice is close to the 50 Day Moving AverageBroken trend support lineThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Ecolab Inc. (ECL). During the week, the ECL dropped -7.47 points, or -2.61%, and closed at 279.28 on Friday, September 4, 2026. Weekly volume was -15% below 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 309.27 on February 24, 2026. ECL gained -178.23 points, or -136.01%, in 172 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 258.57 and resistance is at 333.73. 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 May 19, 2026 at 243.15 and reached 295.33 on August 26, 2026. ECL gained -52.18 points, or -21.46%, in 14 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 274.22 and resistance is at 294.92. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern 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 uptrend had started on July 23, 2026 at 261.50 and reached 295.33 on August 26, 2026. ECL gained -33.83 points, or -12.94%, in 34 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (283.07) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ECL may retest the broken support line. It is considered to be a resistance 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 support in a short-term trend.

Daily Technical Indicators: [See ECL daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.69
Williams' Percentage Range (W%R) 88.40
Oversold
Lane's Stochastic (%D-Slow) 16.43
Oversold
Greed/Fear Indicator (GFI) 27.56
Moving Average Converg./Diverg. (MACD) 1.93
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.51
Williams' Percentage Range (W%R) 37.30
Lane's Stochastic (%D-Slow) 74.69
Greed/Fear Indicator (GFI) 64.61
Moving Average Converg./Diverg. (MACD) 1.35
Trading Signals
Description Value Chart
Yearly Trendline Resistance 333.73
Weekly Trendline Resistance 298.77
Monthly Trendline Resistance 294.92
Parabolic System 292.34
Upper Bollinger Band 290.21
Weekly Stochastic Crossing 285.74
Weekly Trendline Support 283.07
20 Day Moving Average 282.29
Price 279.28
50 Day Moving Average 278.81
Daily Stochastic Crossing 277.96
Monthly Trendline Support 274.22
Lower Bollinger Band 273.10
Yearly Trendline Support 258.57
Sector and Industry
Description Name Rank
Sector Materials 6
Industry Specialty Chemicals 48
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 295.33
High Date 08/26/2026
Low 275.25
Low Date 09/04/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 298.77
Support 283.07
Low 261.50
Low Date 07/23/2026
High 295.33
High Date 08/26/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 294.92
Support 274.22
Low 243.15
Low Date 05/19/2026
High 295.33
High Date 08/26/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 309.27
High Date 02/24/2026
Low 243.15
Low Date 05/19/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 333.73
Support 258.57
Low 131.04
Low Date 11/03/2022
High 309.27
High Date 02/24/2026
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.