The Greedy Trader Weekly Analysis
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Archive
- 11/10/2017
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Newell Rubbermaid Co.
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Summary:
Weekly :Oversold sectorOversold industryBroken trend support line - Downtrend exhaustionRelative Strength Index oversoldWilliams' Percentage Range and Lane's Stochastic are strongly oversoldLane's Stochastic bullish divergence
Daily :Broken trend support line - Downtrend exhaustionRelative Strength Index oversoldWilliams' Percentage Range and Lane's Stochastic are strongly oversoldRelative Strength Index bullish divergenceThe Bollinger Bands are historically far apart
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It was the negative week for the Newell Rubbermaid Co. (NWL). During the week, the NWL dropped -1.47 points, or -4.78%, and closed at 29.30 on Friday, November 10, 2017. Weekly volume was 133% above average.

NWL is a member of Consumer Goods Sector. Consumer Goods is the most oversold sector. NWL is a member of Housewares & Accessories Industry. Housewares & Accessories is the second most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See NWL long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 4.51 and reached 55.45 on August 15, 2016. NWL gained -50.94 points, or -1129.49%, in 388 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 25.91 and resistance is at 63.43. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See NWL medium-term trend chart]
A medium-term downtrend had started on June 19, 2017 at 55.08 and reached 29.22 on November 10, 2017. NWL lost 25.86 points, or 46.95%, in 20 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (36.11) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See NWL weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold weekly Williams' Percentage Range and Lane's Stochastic. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since August 4, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See NWL short-term trend chart]
A short-term downtrend had started on October 6, 2017 at 43.99 and reached 29.22 on November 10, 2017. NWL lost 14.77 points, or 33.58%, in 35 days. The chart has formed a Falling Channel chart pattern. The downtrend support line (37.83) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.

Daily Technical Indicators: [See NWL daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index has bullish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index bullish divergence.

The daily MACD line is below its signal line since November 1, 2017. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.

The distance between the Bollinger Bands (68.12%) is close to one year high (45.24%). It is 571.96% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 17.49
Oversold Bullish
Williams' Percentage Range (W%R) 94.30
Strong Oversold
Lane's Stochastic (%D-Slow) 7.33
Strong Oversold
Greed/Fear Indicator (GFI) 10.17
Oversold
Moving Average Converg./Diverg. (MACD) -2.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 11.79
Oversold
Williams' Percentage Range (W%R) 96.80
Strong Oversold
Lane's Stochastic (%D-Slow) 8.93
Strong Oversold Bullish
Greed/Fear Indicator (GFI) 11.64
Oversold
Moving Average Converg./Diverg. (MACD) -1.83
Trading Signals
Description Value Chart
Upper Bollinger Band 46.05
50 Day Moving Average 40.94
Parabolic System 38.79
20 Day Moving Average 37.17
Weekly Stochastic Crossing 30.12
Daily Stochastic Crossing 30.04
Price 29.30
Lower Bollinger Band 26.08
Yearly Trendline Support 25.91
Sector and Industry
Description Name Rank
Sector Consumer Goods 1
Industry Housewares & Accessories 2
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 32.37
High Date 11/03/2017
Low 29.22
Low Date 11/10/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 39.33
Support 37.83
High 43.99
High Date 10/06/2017
Low 29.22
Low Date 11/10/2017
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 39.35
Support 36.11
High 55.08
High Date 06/19/2017
Low 29.22
Low Date 11/10/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 55.45
High Date 08/15/2016
Low 29.22
Low Date 11/10/2017
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 63.43
Support 25.91
Low 4.51
Low Date 03/09/2009
High 55.45
High Date 08/15/2016
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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