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
- 9/18/2026 -
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Ecolab Inc. (ECL) Technical Analysis

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Summary:
Weekly :Broken trend support line
Daily :Relative Strength Index oversoldWilliams' Percentage Range is strongly oversoldStochastic signal line moved above oversold areaLane's Stochastic and MACD bullish divergence
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It was the negative week for the Ecolab Inc. (ECL). During the week, the ECL dropped -6.72 points, or -2.43%, and closed at 269.46 on Friday, September 18, 2026. Weekly volume was -7% 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 Broadening Ascending Wedge chart pattern. The trend support level is at 259.78 and resistance is at 335.37. 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 295.33 on August 26, 2026. ECL gained -52.18 points, or -21.46%, in 14 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (278.18) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ECL may retest the broken support line. It is considered to be a resistance 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 support 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. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 August 26, 2026 at 295.33 and reached 267.91 on September 18, 2026. ECL lost 27.42 points, or 9.28%, in 23 days. The price is now at the 5.65% retracement level.

Daily Technical Indicators: [See ECL daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish 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 bullish 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, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is below its signal line since August 31, 2026. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 18.06
Oversold
Williams' Percentage Range (W%R) 92.50
Strong Oversold
Lane's Stochastic (%D-Slow) 31.31
Bullish
Greed/Fear Indicator (GFI) 18.96
Oversold
Moving Average Converg./Diverg. (MACD) -1.02 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.34
Williams' Percentage Range (W%R) 48.60
Lane's Stochastic (%D-Slow) 57.93
Greed/Fear Indicator (GFI) 52.41
Moving Average Converg./Diverg. (MACD) 1.85
Trading Signals
Description Value Chart
Monthly Trendline Resistance 298.45
Upper Bollinger Band 289.14
Weekly Stochastic Crossing 280.91
20 Day Moving Average 279.32
Monthly Trendline Support 278.18
50 Day Moving Average 277.74
Parabolic System 275.58
Daily Stochastic Crossing 270.83
Price 269.46
Lower Bollinger Band 264.61
Yearly Trendline Support 259.78
Sector and Industry
Description Name Rank
Sector Materials 6
Industry Specialty Chemicals 55
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 278.15
High Date 09/16/2026
Low 267.91
Low Date 09/18/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 295.33
High Date 08/26/2026
Low 267.91
Low Date 09/18/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 298.45
Support 278.18
Low 243.15
Low Date 05/19/2026
High 295.33
High Date 08/26/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 309.27
High Date 02/24/2026
Low 243.15
Low Date 05/19/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 335.37
Support 259.78
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.