Clorox stock: buy or sell
Updated on:
Jan 18th, 2021
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Clorox stock brief
- Clorox stock moved up 1.01% to close at $197.52 on the stock market last Friday.
- Morgan Stanley posted a bearish rating for Clorox last Thursday, with a forecast of $182.00
- 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?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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?
Currently, Clorox stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $CLX in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell Clorox stock?
When you own stock shares with some profit, it's really hard to decide the best moment to sell and get your profits. Trading strategies give us the ability us to avoid impulsive decisions based on our emotions or the noise that surrounds the market. Our trading system selects very simple strategies to guide us on when is the best moment to sell our shares. Be aware that these strategies should not be used for selling short $CLX stock
A guiding principle is that you must never keep a trading operation that results in losses greater than those expected at the time of the buy. The timing 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 own Clorox stock and your operation is in profit probably is not time to sell now
Clorox ratings
In the last 30 days, just one analyst rating was published for Clorox
| Brokerage firm | Rating |
|---|---|
| Jan 14th, 2021 | |
| Morgan Stanley | Sell |
Clorox stock analysis
SMAs overview
Supports and resistances
The current resistances are:
The current support levels are:
Bollinger bands
Since the price broke down the lower band last Wednesday, the price bounced off by 2.07%. The price is moving very close to the lower Bollinger band, signaling some level of oversold in recent sessions. This is not a bullish indicator, as price can trade in these levels for many days and weeks
Relative strength index
The has been between the the levels of 30 and 70 for several weeks, and therefore, without this indicator really helping us to make any decisions.
Clorox stock price history
Clorox started trading priced at an adjusted price1 of $0.00 on Feb 1973. Since then, CLX stock has risen by -, with an average of 0.00% per year. An investment of $1,000USD on the IPO would be valued $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 forecasts are posted every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions post their price forecasts based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new fundamental information by the company, and many times. If you are a small investor you should not buy or sell based on these forecasts.
There is just one price target issued for Clorox that forecasts a price of $182.00.
| Brokerage firm | Price target |
|---|---|
| Jan 14th, 2021 | |
| Morgan Stanley | $190.00 → $182.00 |
Earnings and financials
Last November, The Clorox Company ($CLX) posted adjusted EPS for that significantly enhanced analysts' expectations. Quarterly EPS was $3.22 per share from an estimated $2.32. This quarterly report means an earnings surprise of 38.79%. Company's turnover resulted of $1.9 billion in contrast to $1.8 billion predicted by market consensus.
Same quarter one year ago, reported EPS was $1.59, so recently posted EPS is a gain of 102.52%. Turnover skyrocketed a 27.22% on an annualized basis in the , from $15.1B to $19.2B last quarter.Clorox ($CLX) is hosting the earnings call next Tuesday. Forecasted for this quarter is $1.74, compared to $3.22 that was reported for Q1.
Clorox performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Clorox ($CLX) | -2.70% | -8.10% | -12.50% |
Important note:
The viewpoints contained in this article are personal and not recommendations for you to buy or sell stocks. The author of this paper does not have an understanding of the specific situations of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for education reasons onlyClorox summary
| Friday, January 15th, 2021 | |
|---|---|
| Open | $195.41 |
| Close | $197.52 |
| Day range | $194.74 - $199.28 |
| Previous close | $195.55 |
| Session gain | 1.01% |
| Average true range | $3.60 |
| 50d mov avg | $202.11 |
| 100d mov avg | $207.43 |
| 200d mov avg | $208.16 |
| Earnings date | February 2nd, 2021 |