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
- 5/8/2026 -
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Ecolab Inc. (ECL) Technical Analysis

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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is oversold
Daily :
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It was the negative week for the Ecolab Inc. (ECL). During the week, the ECL dropped -5.29 points, or -2.04%, and closed at 254.22 on Friday, May 8, 2026. Weekly volume was 24% 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 Rising Channel chart pattern. The uptrend support line (272.74) 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 long-term trend.

Medium-term trend: [See ECL medium-term trend chart]
A medium-term downtrend had started on February 24, 2026 at 309.27 and reached 251.89 on May 8, 2026. ECL lost 57.38 points, or 18.55%, in 10 weeks. Price is near the trend low.

Weekly Technical Indicators: [See ECL weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 below its signal line since March 13, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 May 6, 2026 at 265.79 and reached 251.89 on May 8, 2026. ECL lost 13.90 points, or 5.23%, in 2 days. The price is now at the 16.76% retracement level.

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

The daily MACD line is below its signal line since April 28, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.60
Williams' Percentage Range (W%R) 79.00
Lane's Stochastic (%D-Slow) 20.25
Greed/Fear Indicator (GFI) 23.28
Moving Average Converg./Diverg. (MACD) -3.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.15
Williams' Percentage Range (W%R) 90.10
Strong Oversold
Lane's Stochastic (%D-Slow) 25.26
Greed/Fear Indicator (GFI) 24.11
Moving Average Converg./Diverg. (MACD) 1.76
Trading Signals
Description Value Chart
Upper Bollinger Band 277.84
Yearly Trendline Support 272.74
50 Day Moving Average 270.79
Parabolic System 266.06
20 Day Moving Average 265.91
Weekly Stochastic Crossing 258.58
Daily Stochastic Crossing 255.25
Price 254.22
Lower Bollinger Band 249.75
Sector and Industry
Description Name Rank
Sector Materials 5
Industry Specialty Chemicals 52
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 265.79
High Date 05/06/2026
Low 251.89
Low Date 05/08/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 265.79
High Date 05/06/2026
Low 251.89
Low Date 05/08/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 279.00
High Date 04/17/2026
Low 251.89
Low Date 05/08/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 309.27
High Date 02/24/2026
Low 251.89
Low Date 05/08/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 318.82
Support 272.74
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.