A sell-side firm upgraded their fundamental opinion Wednesday of Kimberly-Clark ( KMB) to overweight (Buy) from neutral (Hold). We know and use Kimberly-Clark products everyday but what about the charts? 
Let's check.
In this daily bar chart of KMB, below, we can see a choppy but weak chart picture. KMB traded below its March and June lows in the past few weeks. Prices are well below the bearish 50-day moving average line and below the bearish 200-day line.
The daily On-Balance-Volume (OBV) line has been weak/bearish since the beginning of the calendar year. The Moving Average Convergence Divergence (MACD) oscillator is bearish.
In this weekly Japanese candlestick chart of KMB, below, we went back five years instead of three. This big picture of KMB shows a decline from a major top pattern. The huge size of this pattern suggests that we have a much deeper decline ahead of us. The slope of the 40-week moving average line is bearish.
The OBV line has been weak for a long time. The MACD oscillator is in sell territory.
In this daily Point and Figure chart of KMB, below, we can see that the software is projecting the $88 area as a possible price target.
In this weekly Point and Figure chart of KMB, below, a price target in the $84 area is shown.
Bottom line strategy: An investment advisor may see an attractive yield on KMB. A fundamental analyst may see an undervalued opportunity. A technical analysis will probably see a downtrend and no bottom pattern yet. Avoid the long side of KMB despite the 4% return.
