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
- 7/17/2026 -
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Ecolab Inc. (ECL) Technical Analysis

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Summary:
Weekly :Broken trend support line
Daily :Lane's Stochastic is oversoldThe price has risen above the Parabolic SARPrice is near the Fibonacci 23.6% retracement levelThe price has declined below 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 gave back -1.48 points, or -0.54%, and closed at 272.83 on Friday, July 17, 2026. Weekly volume was -29% 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 (281.31) 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 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 288.30 on July 7, 2026. ECL gained -45.15 points, or -18.57%, in 7 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 270.31 and resistance is at 292.77. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel 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. This is an indication that the medium-term trend is up. 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 268.46 on July 15, 2026. ECL lost 19.84 points, or 6.88%, in 8 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 Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. 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.

The daily MACD line is below its signal line since July 8, 2026. This is an indication that the short-term trend is down.

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 declined below 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) 34.98
Williams' Percentage Range (W%R) 47.60
Lane's Stochastic (%D-Slow) 16.19
Oversold
Greed/Fear Indicator (GFI) 34.53
Moving Average Converg./Diverg. (MACD) 3.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.70
Williams' Percentage Range (W%R) 47.80
Lane's Stochastic (%D-Slow) 76.77
Greed/Fear Indicator (GFI) 59.83
Moving Average Converg./Diverg. (MACD) -1.73
Trading Signals
Description Value Chart
Yearly Trendline Resistance 327.39
Monthly Trendline Resistance 292.77
Upper Bollinger Band 283.34
Yearly Trendline Support 281.31
Weekly Stochastic Crossing 278.63
20 Day Moving Average 275.79
Price 272.83
Daily Stochastic Crossing 270.66
Monthly Trendline Support 270.31
Parabolic System 268.19
50 Day Moving Average 264.26
Lower Bollinger Band 262.79
Sector and Industry
Description Name Rank
Sector Materials 3
Industry Specialty Chemicals 26
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 268.46
Low Date 07/15/2026
High 281.20
High Date 07/17/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 288.30
High Date 07/07/2026
Low 268.46
Low Date 07/15/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 292.77
Support 270.31
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 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 Rising Channel
Status Broken Support
Resistance 327.39
Support 281.31
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.