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.

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- 10/30/2026 -
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Ecolab Inc. (ECL) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtMACD bearish divergence
Daily :Williams' Percentage Range is overboughtLane's Stochastic and MACD bearish divergenceThe price is above the upper Bollinger Band
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It was a first positive week for the Ecolab Inc. (ECL). During the week, the ECL gained 14.45 points, or 5.01%, and closed at 302.98 on Friday, October 30, 2026. It was the best weekly gain since June 26, 2026. Weekly volume was 9% 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 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 263.80 and resistance is at 340.83. 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 305.71 on October 30, 2026. ECL gained -62.56 points, or -25.73%, in 23 weeks. Price is near the trend high.

Weekly Technical Indicators: [See ECL weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 Williams' Percentage Range help.

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 October 20, 2026 at 283.74 and reached 305.71 on October 30, 2026. ECL gained -21.97 points, or -7.74%, in 10 days. The price is now at the 12.43% retracement level.

Daily Technical Indicators: [See ECL daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since October 2, 2026. This is an indication that the short-term trend is up.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.87
Williams' Percentage Range (W%R) 11.10
Overbought
Lane's Stochastic (%D-Slow) 72.19
Bearish
Greed/Fear Indicator (GFI) 78.97
Moving Average Converg./Diverg. (MACD) 3.56 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.25
Williams' Percentage Range (W%R) 7.60
Strong Overbought
Lane's Stochastic (%D-Slow) 61.05
Greed/Fear Indicator (GFI) 70.06
Moving Average Converg./Diverg. (MACD) 2.65 Bearish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 340.83
Price 302.98
Upper Bollinger Band 301.47
Daily Stochastic Crossing 301.30
Weekly Stochastic Crossing 293.93
20 Day Moving Average 287.82
Parabolic System 285.74
50 Day Moving Average 281.96
Lower Bollinger Band 275.89
Yearly Trendline Support 263.80
Sector and Industry
Description Name Rank
Sector Materials 5
Industry Specialty Chemicals 58
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 283.74
Low Date 10/20/2026
High 305.71
High Date 10/30/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 283.74
Low Date 10/20/2026
High 305.71
High Date 10/30/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 267.46
Low Date 10/01/2026
High 305.71
High Date 10/30/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 243.15
Low Date 05/19/2026
High 305.71
High Date 10/30/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 340.83
Support 263.80
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.