Clorox Stock Technical Analysis

CLX
 Stock
  

USD 138.27  2.48  1.76%   

As of the 27th of June, Clorox shows the Downside Deviation of 2.26, risk adjusted performance of 0.0598, and Mean Deviation of 1.53. Clorox Company technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for Clorox Company, which can be compared to its rivals. Please confirm Clorox Company coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to decide if Clorox Company is priced correctly, providing market reflects its regular price of 138.27 per share. Given that Clorox has jensen alpha of 0.1719, we suggest you to validate Clorox Company's prevailing market performance to make sure the company can sustain itself at a future point.
  
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Clorox Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Clorox, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Clorox
Clorox's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Clorox Analyst Consensus

Target PriceAdvice# of Analysts
165.83Sell12Odds
Clorox Company current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Clorox analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Clorox stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Clorox Company, talking to its executives and customers, or listening to Clorox conference calls.
Clorox Analyst Advice Details
Clorox technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Clorox technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Clorox trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Clorox Company Technical Analysis

Indicator
Time Period
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The output start index for this execution was fifty with a total number of output elements of eleven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Clorox Company volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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Clorox Company Trend Analysis

Use this graph to draw trend lines for Clorox Company. You can use it to identify possible trend reversals for Clorox as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Clorox price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Clorox Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Clorox Company applied against its price change over selected period. The best fit line has a slop of   -0.25  , which may imply that the returns on investment in Clorox Company will continue to fail. It has 122 observation points and a regression sum of squares at 2324.29, which is the sum of squared deviations for the predicted Clorox price change compared to its average price change.

About Clorox Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Clorox Company on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Clorox Company based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Clorox Company stock first instead of the macroeconomic environment surrounding Clorox Company. By analyzing Clorox's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Clorox's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Clorox specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2019 2020 2021 2022 (projected)
Long Term Debt to Equity3.066.046.958.93
Interest Coverage12.969.518.568.79

Clorox June 27, 2022 Technical Indicators

Most technical analysis of Clorox help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Clorox from various momentum indicators to cycle indicators. When you analyze Clorox charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Clorox June 27, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Clorox stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Continue to Trending Equities. Note that the Clorox Company information on this page should be used as a complementary analysis to other Clorox's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Complementary Tools for Clorox Stock analysis

When running Clorox Company price analysis, check to measure Clorox's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Clorox is operating at the current time. Most of Clorox's value examination focuses on studying past and present price action to predict the probability of Clorox's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Clorox's price. Additionally, you may evaluate how the addition of Clorox to your portfolios can decrease your overall portfolio volatility.
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Is Clorox's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Clorox. If investors know Clorox will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Clorox listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.72
Market Capitalization
17.3 B
Quarterly Revenue Growth YOY
0.016
Return On Assets
0.0635
Return On Equity
0.62
The market value of Clorox Company is measured differently than its book value, which is the value of Clorox that is recorded on the company's balance sheet. Investors also form their own opinion of Clorox's value that differs from its market value or its book value, called intrinsic value, which is Clorox's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Clorox's market value can be influenced by many factors that don't directly affect Clorox's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Clorox's value and its price as these two are different measures arrived at by different means. Investors typically determine Clorox value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clorox's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.