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
- 7/2/2026 -
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Ecolab Inc. (ECL) Technical Analysis

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Summary:
Weekly :Trend support at 279.48Broken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic and MACD bearish divergence
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It was the negative week for the Ecolab Inc. (ECL). During the week, the ECL gave back -0.29 points, or -0.10%, and closed at 283.36 on Thursday, July 2, 2026. It was the worst weekly loss since May 15, 2026. ECL was trading at average weekly trading volume.

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 price is near the trend support (279.48) line. The support is usually stronger when technical indicators are oversold. 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 support line 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 243.15 on May 19, 2026. ECL lost 66.12 points, or 21.38%, in 12 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (236.36) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ECL may retest the broken resistance line. It is considered to be a support 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 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 above its signal line since June 18, 2026. The distance between MACD and the signal line is low, but getting bigger. 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 June 22, 2026 at 265.92 and reached 283.95 on June 26, 2026. ECL gained -18.03 points, or -6.78%, in 4 days. Price is near the trend high.

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

The daily MACD line is above its signal line since May 21, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.89
Williams' Percentage Range (W%R) 16.70
Overbought
Lane's Stochastic (%D-Slow) 80.96
Overbought Bearish
Greed/Fear Indicator (GFI) 79.38
Moving Average Converg./Diverg. (MACD) 4.76 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.29
Williams' Percentage Range (W%R) 45.90
Lane's Stochastic (%D-Slow) 63.75
Greed/Fear Indicator (GFI) 57.78
Moving Average Converg./Diverg. (MACD) -2.46
Trading Signals
Description Value Chart
Yearly Trendline Resistance 325.57
Upper Bollinger Band 289.19
Price 283.36
Daily Stochastic Crossing 280.01
Yearly Trendline Support 279.48
Parabolic System 275.81
Weekly Stochastic Crossing 272.08
20 Day Moving Average 269.94
50 Day Moving Average 261.98
Lower Bollinger Band 253.64
Quarterly Trendline Resistance 236.46
Quarterly Trendline Support 236.36
Sector and Industry
Description Name Rank
Sector Materials 3
Industry Specialty Chemicals 29
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 265.92
Low Date 06/22/2026
High 283.95
High Date 06/26/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 247.84
Low Date 06/01/2026
High 283.95
High Date 06/26/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 243.15
Low Date 05/19/2026
High 283.95
High Date 06/26/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 236.46
Support 236.36
High 309.27
High Date 02/24/2026
Low 243.15
Low Date 05/19/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 325.57
Support 279.48
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.