Clorox Company (The)
Updated

Clorox should be watched closely from a technical point of view!

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J.M. Hurst's theory of cyclical market behavior proposes that price movements in financial markets are influenced by recurring cycles of varying lengths, which can be identified and analyzed to potentially forecast future price trends. These cycles are not exact, but rather average durations, and they can be nested within each other, creating complex patterns
Trade active
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Trade closed: target reached
P/E & PS are in trough mode, bottoming is in progress ! The question how far can we go down !

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CLX/SPX
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Relative to XPL
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XLP, MY BAD ;-)
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MFI only twice we have had such readings, and this is one of them but not showing a touch down yet !
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Golden Cross 50 & 200 SMA
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CC with SPX...
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Technical indicator of Tradingview is confirming a trough is in the "Making" !
The question how low can we go from here ?
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All else absolute in the universe !

The Money Flow Index (MFI) is a technical indicator that measures money flow into and out of an asset by combining price and volume data, acting as a momentum oscillator between 0 and 100. It helps identify overbought and oversold conditions, signaling potential trend reversals when MFI readings exceed 80 or fall below 20, or when they diverge from price action. MFI is similar to the Relative Strength Index (RSI) but is volume-weighted, making it a useful tool for traders to "follow the money" and gauge investor conviction behind price moves


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P/E is just like 2018 numbers...
All else in the universe absolute...

The price-to-earnings (P/E) ratio is a stock valuation metric that divides a company's stock price by its earnings per share (EPS) to show how much investors are willing to pay for each dollar of earnings. A higher P/E ratio suggests investors expect strong future growth, while a lower P/E ratio may indicate undervaluation. Investors use the P/E ratio to compare a company's valuation against its peers, historical averages, and future expectations



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Volume just like November 2023... NO, just much better !!!

All else in the universe absolute...

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Second to lowest ever in history !!!
Could be nothing...
Could be everything...

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only 2 other times we have had such readings...
I am down (-4.88%) on this stock so far!

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First timer on a 3 Months chart! CLX relative to XLP

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I am down (-11%)
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October's performance : Lowest drawdown on CLX in the past 15 Years was (-9.30 ) in 2023. Closing below or at yesterday's close on Friday will be new history been written for the month off October.
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- P/E, P/E Forward and P/S are all in better condition than the past 7 Years.
- Earnings this coming Monday !!! Bullls vs Bears i am still down -11%



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Similar patterns or not ?

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Some fibs and %s...

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