Trend Tracker for (CLX)

January 26, 2024, 14:58 pm ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CLX

• Buy CLX slightly over 136.66 target 149 stop loss @ 136.27 Details

The technical summary data tells us to buy CLX near 136.66 with an upside target of 149. This data also tells us to set a stop loss @ 136.27 to protect against excessive loss in case the stock begins to move against the trade. 136.66 is the first level of support below 144.62 , and by rule, any test of support is a buy signal. In this case, support 136.66 is being tested, a buy signal would exist.

• Short CLX slightly under 149, target 136.66, stop loss @ 149.43 Details

The technical summary data is suggesting a short of CLX as it gets near 149 with a downside target of 136.66. We should have a stop loss in place at 149.43though. 149 is the first level of resistance above 144.62, and by rule, any test of resistance is a short signal. In this case, if resistance 149 is being tested, a short signal would exist.

Swing Trading Plans for CLX

• Buy CLX slightly over 149, target n/a, Stop Loss @ 148.57 Details

If 149 begins to break higher, the technical summary data tells us to buy CLX just slightly over 149, with an upside target of n/a. The data also tells us to set a stop loss @ 148.57 in case the stock turns against the trade. 149 is the first level of resistance above 144.62, and by rule, any break above resistance is a buy signal. In this case, 149, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CLX slightly near 149, target 143.82, Stop Loss @ 149.43. Details

The technical summary data is suggesting a short of CLX if it tests 149 with a downside target of 143.82. We should have a stop loss in place at 149.43 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 149, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CLX

• Buy CLX slightly over 149, target n/a, Stop Loss @ 148.65 Details

If 149 begins to break higher, the technical summary data tells us to buy CLX just slightly over 149, with an upside target of n/a. The data also tells us to set a stop loss @ 148.65 in case the stock turns against the trade. 149 is the first level of resistance above 144.62, and by rule, any break above resistance is a buy signal. In this case, 149, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CLX slightly near 149, target 143.82, Stop Loss @ 149.35. Details

The technical summary data is suggesting a short of CLX if it tests 149 with a downside target of 143.82. We should have a stop loss in place at 149.35 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 149, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Clorox Company (the) (CLX) available here: CLX.

CLX Ratings for January 26:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Weak
P1	0	0	123.61
P2	140.31	140.7	136.66
P3	142.96	143.82	149

AI Generated Signals for CLX

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The data for Clorox Company (the) (NYSE: CLX) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CLX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CLX is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for CLX too.  All of these are offered below the Summary Table.