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
- 7/10/2026 -
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Ecolab Inc. (ECL) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice is near the Fibonacci 23.6% retracement levelThe price is close to 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 -9.05 points, or -3.19%, and closed at 274.31 on Friday, July 10, 2026. It was the worst weekly loss since May 1, 2026. Weekly volume was -28% 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 Rising Channel chart pattern. The uptrend support line (280.40) 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 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 (235.22) is broken. A broken support is considered to be a long-term bullish 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 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. 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 July 7, 2026 at 288.30 and reached 270.37 on July 9, 2026. ECL lost 17.93 points, or 6.22%, in 2 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See ECL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 Lane's Stochastic 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.

The price is close to 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.74
Williams' Percentage Range (W%R) 47.60
Lane's Stochastic (%D-Slow) 43.40
Greed/Fear Indicator (GFI) 50.85
Moving Average Converg./Diverg. (MACD) 4.96
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.04
Williams' Percentage Range (W%R) 53.90
Lane's Stochastic (%D-Slow) 72.37
Greed/Fear Indicator (GFI) 56.27
Moving Average Converg./Diverg. (MACD) -2.10
Trading Signals
Description Value Chart
Yearly Trendline Resistance 326.48
Monthly Trendline Resistance 289.32
Parabolic System 287.16
Upper Bollinger Band 286.01
Yearly Trendline Support 280.40
Weekly Stochastic Crossing 279.25
Daily Stochastic Crossing 275.75
20 Day Moving Average 274.80
Price 274.31
Monthly Trendline Support 266.86
50 Day Moving Average 262.86
Lower Bollinger Band 261.14
Quarterly Trendline Support 235.22
Quarterly Trendline Resistance 232.37
Sector and Industry
Description Name Rank
Sector Materials 3
Industry Specialty Chemicals 24
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 288.30
High Date 07/07/2026
Low 270.37
Low Date 07/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 288.30
High Date 07/07/2026
Low 270.37
Low Date 07/09/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 289.32
Support 266.86
Low 243.15
Low Date 05/19/2026
High 288.30
High Date 07/07/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 232.37
Support 235.22
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 Broken Support
Resistance 326.48
Support 280.40
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.