Successful Trade: +9.72% Increase on $CLX by Automated Trader
Analyzing the performance of such bots, specifically those accessible through "Swing Trader for Beginners: Trading in Markets Trending Down (TA&FA)," sheds light on their recent success, particularly in generating a commendable +9.72% gain while trading CLX over the past week.
Earnings Report Overview
The recent earnings report on November 01, 2023, showcased CLX's robust performance, surpassing expectations with an earnings per share of 49 cents, far exceeding the estimated -23 cents. This strong performance significantly impacted the market sentiment, contributing to a positive outlook for the company.
Market Trends and Technical Analysis
CLX has been on an upward trajectory, experiencing a +5.55% uptrend and rising for three consecutive days as of November 07, 2023. Sustained upward movement over three days is typically interpreted as a bullish indicator. Historical data analysis further suggests that in 186 out of 330 instances where CLX advanced for three days, the price continued to rise within the subsequent month, indicating a 56% chance of ongoing upward momentum.
Dividends and Market Cap
A dividend of $1.20 per share was announced with a record date of November 09, 2023, and an ex-dividend date of October 24, 2023. It's essential for investors to note that purchasing the stock on or after the ex-dividend date means forgoing the next dividend payment.
Considering CLX's current market capitalization of 16.44B and comparing it to the industry average of 21.16B, the company holds a strong position within the Household/Personal Care Industry. However, there's a significant variance in market caps within the industry, with PG leading at 354.92B and QNTA on the lower end at 81.32K.
Market Performance Analysis
In the Household/Personal Care Industry, CLX's performance stands out. While the average weekly price growth across the sector was 2%, CLX's recent uptrend reflects a substantial +5.55% increase. Comparatively, the average monthly and quarterly growth rates for the industry were -2% and -7%, respectively. Notably, PGID experienced the highest price growth at 100%, while FKST recorded the most substantial decline at -57%.
Volume Trends
When assessing volume changes, CLX's position within the Household/Personal Care Industry stands out. While the industry experienced a -24% average weekly volume change, the average monthly and quarterly volumes grew by 31% and 41%, respectively. These figures showcase CLX's stable and consistent trading volume. The success of AI-driven trading robots, as seen in their performance trading CLX, underscores the potential of leveraging automation in financial markets.
CLX in upward trend: price may ascend as a result of having broken its lower Bollinger Band on October 10, 2024
CLX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 28 cases where CLX's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CLX advanced for three days, in of 339 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 25, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on CLX as a result. In of 103 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
CLX moved below its 50-day moving average on October 24, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for CLX crossed bearishly below the 50-day moving average on October 28, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CLX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for CLX entered a downward trend on October 17, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: CLX's P/B Ratio (357.143) is very high in comparison to the industry average of (16.756). P/E Ratio (240.714) is within average values for comparable stocks, (199.024). Projected Growth (PEG Ratio) (0.463) is also within normal values, averaging (3.746). Dividend Yield (0.032) settles around the average of (0.106) among similar stocks. P/S Ratio (2.583) is also within normal values, averaging (112.094).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CLX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CLX’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
Notable companies
Industry description
Market Cap
High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a maker of detergent and cleaning products
Industry HouseholdPersonalCare