Clorox stock: buy or sell
Updated on:
Apr 22nd, 2021
1
Clorox stock brief
- Clorox stock merely moved 0.73% to close at $195.89 on the stock market on Wednesday.
- The price is currently over the upper Bollinger band, which usually indicates a near-term correction
- On Wednesday broke out above its latest top at $195.52
- Deutsche Bank Aktiengesellschaft posted a neutral rating for Clorox on Wednesday, forecasting $195.00
- The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International.
Should I buy Clorox stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $CLX stock a buy?
In the current situation of Clorox there is not any eligible buy setup. This doesn't mean $CLX will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Clorox stock?
"To sell or not to sell", if you are holding Clorox shares?. As when we have to buy shares, determining when is appropiate time to sell is not a fickle decision, and we must adhere our own trading strategy. We like very simple strategies to guide us on when is a good time to sell a stock. Be aware that these strategies should not be used for shorting $CLX stock
As a rule of thumb, you should never hold an investment that leads to greater losses than those expected by the time of purchase. When to sell shares should always be determined by the stop-loss (automatic or manual)
Is it time to sell Clorox stock?
Currently, Clorox stock doesn't match any of our preferred sell setups, so if you hold Clorox stock and your operation is in profit probably is not time to sell now
Clorox ratings
In the last month, 3 ratings were published for Clorox
| Brokerage firm | Rating |
|---|---|
| Mar 24th, 2021 | |
| DA Davidson | |
| Apr 16th, 2021 | |
| JPMorgan Chase & Co. | Neutral |
| Apr 21st, 2021 | |
| Deutsche Bank Aktiengesellschaft | Neutral |
Clorox stock analysis
SMAs overview
Supports and resistances
The current resistances are:
The current support levels are:
Bollinger bands
The distance between the upper and lower bands is less than 5%, and this means that price volatility is low. The compression of the Bollinger bands is typically a indication of a sudden price movement (up or down), so we must be watchful and manage our buy or sell orders correctly
Relative strength index
When the fluctuates for so long below 70 and above 30, without showing moments of overvaluation and undervaluation, the indicator turns out to be of little use, and we find ourselves in one of these cases.
Clorox stock price history
Clorox started trading priced at an adjusted price1 of $0.00 on Feb 1973. Since then, CLX stock surged by -, with an average of 0.00% per year. If you had invested $1,000USD in Clorox stock at that time, it would have a value of $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Clorox stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions release their price predictions based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new fundamental information by the company, and many times. If you are a small trader you must not trade based on these predictions.
There are 3 price predictions posted for Clorox that average $193.33. Clorox closed at $195.89 on Wednesday, that is a 1.32% than the predicted price.
| Brokerage firm | Price target |
|---|---|
| Mar 24th, 2021 | |
| DA Davidson | $189.00 |
| Apr 16th, 2021 | |
| JPMorgan Chase & Co. | $205.00 → $196.00 |
| Apr 21st, 2021 | |
| Deutsche Bank Aktiengesellschaft | $196.00 → $195.00 |
Earnings and financials
Financial event was hosted by Clorox ($CLX) last February after posting the financial report. Clorox presented earnings of $2.03 per share on sales of $1.8 billion. The market estimate was $1.77 per share on revenue of $1.8 billion.
In comparison, the EPS for the same quarter last year was $1.46, so reported EPS is a improvement of 39.04%. Turnover skyrocketed a 27.12% on an annualized basis in the , from $14.5B to $18.4B last quarter.Clorox ($CLX) presents Q3 financial report on Friday next week. Expected for this quarter is $1.47, compared to $2.03 that was reported for Q2.
Clorox performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Clorox ($CLX) | 3.70% | 0.50% | -7.10% |
Important note:
The viewpoints written in this article are personal and not recommendations for you to buy or sell shares. The author of this article does not have any knowledge of the particular scenarios of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for informational purposes onlyClorox summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $194.86 |
| Close | $195.89 |
| Day range | $193.33 - $196.65 |
| Previous close | $194.47 |
| Session gain | 0.73% |
| Average true range | $3.86 |
| 50d mov avg | $187.04 |
| 100d mov avg | $193.26 |
| 200d mov avg | $203.84 |
| Earnings date | April 30th, 2021 |