Based

Million

Resistance

Billion

<ul class="list-ic vertical">
 <li><span>1</span> <a>CLX stock price trades below the major 20 and 50-day daily moving averages.</a></li>
 <li><span>2</span> <a>Clorox Company (NYSE: CLX) stock’s 52-week price range is between $119 – $178.</a></li>
</ul>
<p>Clorox stock’s dividend yield for the TTM is 3.79% and its last dividend payment was $1.20 per share. The last ex-dividend date was August 8th, 2023 and its payout ratio is 395.66, this means that a company pays more than it earns, which might be a concern for CLX stock. The next dividend for CLX stock is $1.20 per share. The ex-dividend date is October 24, 2023, and the payment date is November 9, 2023.</p>
<p>Based on the recent data, the stock reported an EPS of $1.67 for the period ending June 2023, beating the analysts’ estimate of $1.168 by 2.49%. The next quarter’s EPS is estimated to be -$0.25. The CLX stock will announce its financial results for the next quarter of 2023 on November 1st, 2023 before the market opens.</p>
<p>Clorox’s latest quarterly balance sheet for the period ending June 2023 reported total assets of $5.95 Billion and total liabilities of $5.56 Billion. The debt-to-assets ratio is at 93.47%, which is not a good sign and might be a concern for CLX stock.</p>
<p>The latest quarterly earnings report for the period ending June 2023, displayed a revenue of $2.02 Billion, with a net income of $176.00 Million, and a gain in profit margin from last quarter of 8.72%. This quarter, the reported revenue exceeded analysts estimate by $143.104 Million (7.63%). The next quarter’s revenue is estimated to be $1.411 Billion.</p>
<p>The CLX stock has a CMP of $124.93 and an intraday loss of 5.23%. The Clorox Company stock’s average volume for the last 10 days is 1.909 Million and its current volume is 7.596 Million. The CLX stock has a float of 123.558 Million shares and a market cap of $15.47 Billion.</p>
<p>At the time of publishing, the major EMAs in Clorox Company (NYSE: CLX) are bearish the MACD shows a bearish cross on the charts and RSI is at 22 below 14 SMA.</p>
<p>However, the stock ratings for Clorox stock are neutral and not highly recommended based on 21 analysts who have evaluated CLX in the last three months. The 1-year price forecast for Clorox stock by 17 analysts range from $116 to $171.</p>
<p>The stock fell from $170 to $119 in the last two months, corrected on earnings and dividends. The price then dropped to $119 and the stock is trying to hold on to a price of $124.93.</p>
<p>However, the <a href="https://www.thecoinrepublic.com/2023/08/16/clorox-company-clx-stock-shows-weakness-will-it-revisit-150/" target="_blank" rel="noopener noreferrer nofollow">stock</a> could fall further if it breaks below the current level and $122, which could lead to a target of $120. Alternatively, if the stock sustains and gains strong buying momentum, it could rise above $126, triggering a rally above $128 or higher.</p>
<h2 class="wp-block-heading" id="strong-clx-stock-price-technical-analysis-in-1-d-timeframe-strong"><strong>CLX Stock Price Technical Analysis in 1-D Timeframe</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" loading="lazy" width="1024" height="594" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-126-1024x594.png" alt="" class="wp-image-173814" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-126-1024x594.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-126-300x174.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-126-768x445.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-126-750x435.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-126-1140x661.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-126.png 1461w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: CLX.1D.NYSE by TradingView
  </figcaption>
 </figure>
</div>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" loading="lazy" width="1024" height="594" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-127-1024x594.png" alt="" class="wp-image-173815" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-127-1024x594.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-127-300x174.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-127-768x445.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-127-750x435.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-127-1140x661.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-127.png 1461w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: CLX.1D.NYSE by TradingView
  </figcaption>
 </figure>
</div>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>Clorox Company (NYSE: CLX) price chart indicates that the traders and investors of the stock price are bearish on the 1-D time frame. At the time of publishing, the price action shows a bearish overview as it fell significantly in the last two months. The most sought and reliable technical analysis tools of <a href="https://www.thecoinrepublic.com/2023/08/16/clorox-company-clx-stock-shows-weakness-will-it-revisit-150/" rel="noopener noreferrer nofollow">Clorox</a> stock price also support bearishness. The EMA, RSI, and MACD highlight downward signals and indicate that a downtrend may continue in the stock price.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $122 and $120</p>
<p><strong>Resistance Levels</strong>: $126 and $128</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

CLX Stock Forecast: Will (NYSE: CLX) Price Fall Beneath $100?

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