The Greedy Trader Weekly Analysis
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Archive
- 7/13/2018
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Newell Rubbermaid Co.
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Summary:
Weekly :Broken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtMACD bearish divergence
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It was a second consecutive positive week for the Newell Rubbermaid Co. (NWL). During the week, the NWL gained 0.38 points, or 1.39%, and closed at 27.80 on Friday, July 13, 2018. Weekly volume was -48% below average.

Long-term trend: [See NWL long-term trend chart]
A long-term downtrend had started on June 19, 2017 at 55.08 and reached 22.60 on June 1, 2018. NWL lost 32.48 points, or 58.97%, in 49 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (21.21) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. NWL may retest the broken resistance line. It is considered to be a support line now. 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 resistance line in a long-term trend.

Medium-term trend: [See NWL medium-term trend chart]
A medium-term uptrend had started on June 1, 2018 at 22.60 and reached 28.00 on July 13, 2018. NWL gained -5.40 points, or -23.89%, in 6 weeks. Price is near the trend high.

Weekly Technical Indicators: [See NWL weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since February 16, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See NWL short-term trend chart]
A short-term uptrend had started on June 28, 2018 at 25.28 and reached 28.00 on July 13, 2018. NWL gained -2.72 points, or -10.76%, in 15 days. The price is now at the 7.35% retracement level.

Daily Technical Indicators: [See NWL daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish 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 and Williams' Percentage Range help.

The daily MACD line is above its signal line since June 8, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.44
Williams' Percentage Range (W%R) 16.20
Overbought
Lane's Stochastic (%D-Slow) 86.85
Overbought
Greed/Fear Indicator (GFI) 80.37
Overbought
Moving Average Converg./Diverg. (MACD) 0.37 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.22
Williams' Percentage Range (W%R) 28.60
Lane's Stochastic (%D-Slow) 67.13
Greed/Fear Indicator (GFI) 63.28
Moving Average Converg./Diverg. (MACD) -2.45
Trading Signals
Description Value Chart
Upper Bollinger Band 28.16
Price 27.80
Daily Stochastic Crossing 27.72
20 Day Moving Average 26.58
Parabolic System 26.46
Weekly Stochastic Crossing 26.38
50 Day Moving Average 26.10
Lower Bollinger Band 25.22
Sector and Industry
Description Name Rank
Sector Consumer Goods 4
Industry Housewares & Accessories 105
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 26.94
Low Date 07/11/2018
High 28.00
High Date 07/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.28
Low Date 06/28/2018
High 28.00
High Date 07/13/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.60
Low Date 06/01/2018
High 28.00
High Date 07/13/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 13.41
Support 21.21
High 55.08
High Date 06/19/2017
Low 22.60
Low Date 06/01/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 55.45
High Date 08/15/2016
Low 22.60
Low Date 06/01/2018
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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