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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- 10/9/2026 -
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Ecolab Inc. (ECL) Technical Analysis

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Summary:
Weekly :
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtPrice has crossed above the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARBroken trend resistance lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Ecolab Inc. (ECL). During the week, the ECL gained 8.13 points, or 2.97%, and closed at 281.83 on Friday, October 9, 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 Broadening Ascending Wedge chart pattern. The trend support level is at 261.79 and resistance is at 338.10. 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 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 Broadening Ascending Wedge chart pattern. The trend support level is at 267.87 and resistance is at 300.74. 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 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 downtrend had started on August 26, 2026 at 295.33 and reached 267.46 on October 1, 2026. ECL lost 27.87 points, or 9.44%, in 36 days. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (267.18) 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 short-term trend.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

During the last week, the price has moved above 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.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.62
Williams' Percentage Range (W%R) 6.80
Strong Overbought
Lane's Stochastic (%D-Slow) 83.41
Overbought
Greed/Fear Indicator (GFI) 80.73
Overbought
Moving Average Converg./Diverg. (MACD) -0.33
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.17
Williams' Percentage Range (W%R) 26.10
Lane's Stochastic (%D-Slow) 37.93
Greed/Fear Indicator (GFI) 54.57
Moving Average Converg./Diverg. (MACD) 1.98
Trading Signals
Description Value Chart
Yearly Trendline Resistance 338.10
Quarterly Trendline Resistance 300.74
Upper Bollinger Band 284.80
Price 281.83
Daily Stochastic Crossing 280.73
50 Day Moving Average 279.17
Weekly Stochastic Crossing 277.79
20 Day Moving Average 276.01
Weekly Trendline Resistance 275.52
Lower Bollinger Band 270.30
Parabolic System 268.69
Quarterly Trendline Support 267.87
Weekly Trendline Support 267.18
Yearly Trendline Support 261.79
Sector and Industry
Description Name Rank
Sector Materials 5
Industry Specialty Chemicals 61
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 267.46
Low Date 10/01/2026
High 282.74
High Date 10/08/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 275.52
Support 267.18
High 295.33
High Date 08/26/2026
Low 267.46
Low Date 10/01/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 Broadening Ascending Wedge
Status Valid
Resistance 300.74
Support 267.87
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 338.10
Support 261.79
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.