The Clorox Company (CLX) stock went into free fall in its latest intraday trading, under continued negative pressure from trading below the previous 50-day SMA, which reinforces the dominance of the main medium-term bearish trend, with trading aligned along a descending line. Additionally, bearish signals continue to appear on the relative strength indicators after the stock successfully eased its previous oversold conditions, further intensifying the negative momentum surrounding it.

Therefore, we expect the stock to decline in its upcoming trading sessions as long as the resistance level of $116.55 holds, targeting the main support level of $100.00.

Todays stock forecast: Bearish.