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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
- 4/2/2026 -
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Ecolab Inc. (ECL) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support line
Daily :Daily  MACD line has moved above its signal linePrice is near the Fibonacci 38.2% retracement level
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It was a second positive week after 3 consecutive negative weeks for the Ecolab Inc. (ECL). During the week, the ECL gained 2.91 points, or 1.11%, and closed at 264.28 on Thursday, April 2, 2026. ECL was trading at average weekly trading volume.

ECL is a member of Materials Sector. Materials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

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 (269.64) 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 uptrend had started on November 3, 2025 at 251.74 and reached 309.27 on February 24, 2026. ECL gained -57.53 points, or -22.85%, in 16 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 251.86 and resistance is at 324.47. 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, 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 below its signal line since March 13, 2026. 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 March 19, 2026 at 252.66 and reached 270.90 on March 25, 2026. ECL gained -18.24 points, or -7.22%, in 6 days. Price is near the Fibonacci 38.2% 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 MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.17
Williams' Percentage Range (W%R) 61.60
Lane's Stochastic (%D-Slow) 62.33
Greed/Fear Indicator (GFI) 46.97
Moving Average Converg./Diverg. (MACD) -6.75
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.32
Williams' Percentage Range (W%R) 76.60
Lane's Stochastic (%D-Slow) 33.33
Greed/Fear Indicator (GFI) 34.85
Moving Average Converg./Diverg. (MACD) 4.82
Trading Signals
Description Value Chart
Upper Bollinger Band 286.71
50 Day Moving Average 284.24
Yearly Trendline Support 269.64
20 Day Moving Average 268.89
Daily Stochastic Crossing 266.93
Weekly Stochastic Crossing 264.99
Price 264.28
Parabolic System 258.13
Lower Bollinger Band 255.40
Quarterly Trendline Support 251.86
Sector and Industry
Description Name Rank
Sector Materials 10
Industry Specialty Chemicals 82
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 270.86
High Date 04/01/2026
Low 262.71
Low Date 04/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 252.66
Low Date 03/19/2026
High 270.90
High Date 03/25/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 309.27
High Date 02/24/2026
Low 252.66
Low Date 03/19/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 324.47
Support 251.86
Low 251.74
Low Date 11/03/2025
High 309.27
High Date 02/24/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 319.16
Support 269.64
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.