CLX climbs to highest close since July 6th

The Clorox Company (CLX) Technical Analysis Report for Jul 13, 2018

Highlights

CLX closes higher for the 4th day in a row
CLX pushes through previous session high
CLX rises to highest close since July 6th

TQ Sentiment

Report Sentiment: 25% Bullish
Technical Forecast:

Overview

Moving higher for the 4th day in a row, CLX finished the week -0.72% lower at 134.46 after gaining $1.01 (0.76%) today on low volume. Today's closing price of 134.46 marks the highest close since July 6th. Closing above Thursday's high at 134.31, the market confirms its breakout through the prior session's high having traded $0.91 above it intraday.

Daily chart for CLX

Volatility

Friday's trading range was $1.38 (1.03%), that's far below last trading month's daily average range of $2.37. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Order Flow

Buying might accelerate should prices move above the close-by swing high at 136.30 where further buy stops could get triggered.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Market Conditions for The Clorox Company

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Latest Report:

CLX pushes through key resistance level

Sep 21, 2018
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