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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- 10/16/2026 -
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Ecolab Inc. (ECL) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal linePrice is near the Fibonacci 23.6% retracement level
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It was a second consecutive positive week for the Ecolab Inc. (ECL). During the week, the ECL gained 7.06 points, or 2.51%, and closed at 288.89 on Friday, October 16, 2026. Weekly volume was 17% 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 262.46 and resistance is at 339.01. 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 295.95 on October 15, 2026. ECL gained -52.80 points, or -21.71%, in 21 weeks. The price is now at the 13.37% retracement level.

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. 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. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 1, 2026 at 267.46 and reached 295.95 on October 15, 2026. ECL gained -28.49 points, or -10.65%, in 14 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 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. 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. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.07
Williams' Percentage Range (W%R) 12.90
Overbought
Lane's Stochastic (%D-Slow) 85.43
Overbought
Greed/Fear Indicator (GFI) 78.21
Moving Average Converg./Diverg. (MACD) 1.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.10
Williams' Percentage Range (W%R) 7.60
Strong Overbought
Lane's Stochastic (%D-Slow) 43.89
Greed/Fear Indicator (GFI) 64.89
Moving Average Converg./Diverg. (MACD) 2.09
Trading Signals
Description Value Chart
Yearly Trendline Resistance 339.01
Daily Stochastic Crossing 292.69
Upper Bollinger Band 292.54
Price 288.89
Weekly Stochastic Crossing 280.65
50 Day Moving Average 279.73
20 Day Moving Average 279.61
Parabolic System 279.51
Lower Bollinger Band 270.29
Yearly Trendline Support 262.46
Sector and Industry
Description Name Rank
Sector Materials 5
Industry Specialty Chemicals 57
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 267.46
Low Date 10/01/2026
High 295.95
High Date 10/15/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 267.46
Low Date 10/01/2026
High 295.95
High Date 10/15/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 267.46
Low Date 10/01/2026
High 295.95
High Date 10/15/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 243.15
Low Date 05/19/2026
High 295.95
High Date 10/15/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 339.01
Support 262.46
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.