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
- 5/2/2025 -
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Ecolab Inc. (ECL) Technical Analysis

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Summary:
Weekly :Trend resistance at 256.15
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Ecolab Inc. (ECL). During the week, the ECL gained 17.24 points, or 7.24%, and closed at 255.38 on Friday, May 2, 2025. It was the best weekly gain since February 14, 2025. Weekly volume was 55% 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 273.70 on March 3, 2025. ECL gained -142.66 points, or -108.87%, in 121 weeks. The price is now at the 12.84% retracement level.

Medium-term trend: [See ECL medium-term trend chart]
A medium-term uptrend had started on April 9, 2025 at 221.60 and reached 257.28 on May 2, 2025. ECL gained -35.68 points, or -16.10%, in 3 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (256.15). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

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

The weekly MACD line is below its signal line since March 28, 2025. 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 May 1, 2025 at 254.92 and reached 257.28 on May 2, 2025. ECL gained -2.36 points, or -0.93%, in 1 days. The price is now at the 80.51% retracement level.

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

The daily MACD line is above its signal line since April 21, 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.

During the last week, the price has moved above 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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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) 73.40
Williams' Percentage Range (W%R) 4.50
Strong Overbought
Lane's Stochastic (%D-Slow) 90.56
Strong Overbought
Greed/Fear Indicator (GFI) 86.49
Overbought
Moving Average Converg./Diverg. (MACD) -2.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.54
Williams' Percentage Range (W%R) 34.60
Lane's Stochastic (%D-Slow) 31.18
Greed/Fear Indicator (GFI) 49.40
Moving Average Converg./Diverg. (MACD) 2.09
Trading Signals
Description Value Chart
Upper Bollinger Band 258.67
Monthly Trendline Resistance 256.15
Daily Stochastic Crossing 255.83
Price 255.38
50 Day Moving Average 250.69
Monthly Trendline Support 241.39
Parabolic System 240.50
20 Day Moving Average 239.01
Weekly Stochastic Crossing 237.41
Lower Bollinger Band 229.62
Sector and Industry
Description Name Rank
Sector Materials 5
Industry Specialty Chemicals 56
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 254.92
Low Date 05/01/2025
High 257.28
High Date 05/02/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 254.92
Low Date 05/01/2025
High 257.28
High Date 05/02/2025
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 256.15
Support 241.39
Low 221.60
Low Date 04/09/2025
High 257.28
High Date 05/02/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 273.70
High Date 03/03/2025
Low 221.60
Low Date 04/09/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 131.04
Low Date 11/03/2022
High 273.70
High Date 03/03/2025
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.