Clorox stock: buy or sell
Updated on:
Jul 29th, 2021
1
Clorox stock brief
- Clorox stock barely moved -0.61% to close at $181.71 on the stock market on Wednesday, and broke a streak of 3 sessions in green.
- Clorox is presenting its earnings report on Monday
- Price is drawing a scaled uptrend since late June with higher tops and higher bottoms. This uptrend marked a 7.25% gain
- 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 just one buy setup eligible:
Uptrend buy setup
Clorox stock is in an uptrend since in late June that so far has marked an amazing 7.00% gain. Price marked a local bottom in this uptrend at $176.23 on July 22, and since then it bounced off a 3.11%. Breaking out over $190.55 - it's last top - will be a good entry point if Clorox resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $171.50
| Buy setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $190.55 | $171.50 | 10.00% |
Should I sell Clorox stock?
When is it time to sell Clorox stock?. Trading strategies let us to avoid rash decisions based on our personal moods or the noise that surrounds the market. When selling, as well as buying, our setups are very easy to follow but are only valid for selling shares in your porfolio, not for shorting Clorox stock
As a rule of thumb, you should never keep an operation that results in greater losses than those expected by the time of purchase. The moment to sell your stock should always be dictated 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 own Clorox shares and your operation is in profit probably is not time to sell now
Clorox ratings
We don't have any rating posted in the previous 30 days for Clorox
Clorox stock analysis
Clorox stock started an uptrend in late June, and grew an amazing 7.25%. The chart shows higher highs and lows, and along the way provided very few buy points for those who wanted to enter. Latest pullback was on July 22, when price bounced at $176.23. Like in all uptrends, price needs to take breath and currently price is consolidating the gains in a range between $190.55 and $176.23
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
Since the price surpassed the upper band on July 19, the price has been corrected downwards by 4.64%. The price is trading near to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a sell point, as price can trade in these levels for many days and weeks
Relative strength index
The has been between the levels of 70 and 30 for several weeks, and therefore, without this indicator really being helpful in making any decisions.
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 be valued $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Clorox stock
Nobody can predict how much a stock will be priced in the future. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions release their price forecasts based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new financial information by the company, and usually. If you are a small investor you don't have to buy or sell based on these forecasts.
In the last month we couldn't find any price target published for Clorox stock.
Earnings and financials
Clorox ($CLX) releases earnings report on Monday. Market analysts analysts expect of $1.36, that is a 16.05% less than previous quarter.
You must remember that the price action after the financial report release date usually has a higher volatility that may not respect your stop-loss orders.. Clorox's website probably has further information.
Earnings call was hosted by Clorox ($CLX) last April after presenting the financial report. Clorox presented earnings of $1.62 per share on sales of $1.8 billion. The analysts estimate was $1.48 per share on revenue of $1.9 billion.
Compared to the same quarter last year, EPS was $1.89, so current EPS means a decrease of -14.29%. Turnover merely changed on an annualized basis in the , from $17.8B to $17.8B last quarter.Clorox performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Clorox ($CLX) | 1.90% | -1.20% | -17.40% |
Important:
The opinions written in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this report does not know the specific positions 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 Viewpoints are published for education purposes onlyClorox summary
| Wednesday, July 28th, 2021 | |
|---|---|
| Open | $181.86 |
| Close | $181.71 |
| Day range | $181.05 - $183.65 |
| Previous close | $182.83 |
| Session gain | -0.61% |
| Average true range | $5.75 |
| 50d mov avg | $177.70 |
| 100d mov avg | $182.24 |
| 200d mov avg | $189.94 |
| Earnings date | August 2nd, 2021 |