Clorox Technical Analysis (NYSE:CLX)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. A CLX stock chart pattern can give those who understand technical analysis an indication of which way CLX stock is headed, but cannot predict with 100% certainty as to what can happen to the Clorox stock price.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Clorox. The technical analysis form of Clorox stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Clorox Moving Average:
Moving averages show the average price of CLX stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer CLX stock price movement for the moving average to change course.
Clorox Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Clorox. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Clorox bollinger bands.
Clorox Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Clorox MACD line is above the signal line.
Clorox Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 28.31 is the RSI value of CLX stock. .