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Newell Rubbermaid Co.
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|It was a fourth consecutive positive week for the Newell Rubbermaid Co. (NWL). During the week, the NWL climbed 0.28 points, or 0.88%, and closed at 32.26 on Friday, January 12, 2018. Weekly volume was -16% below average. |
NWL is a member of Housewares & Accessories Industry. Housewares & Accessories is the eighth 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 26.32 and resistance is at 64.50. 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 27.46 on November 15, 2017. NWL lost 27.62 points, or 50.15%, in 21 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (32.53). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
Weekly Technical Indicators: [See NWL weekly technical indicators chart]
Weekly technical indicators are neutral.
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 low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 November 15, 2017 at 27.46 and reached 32.40 on January 9, 2018. NWL gained -4.94 points, or -17.99%, in 55 days. Price is near the trend high.
Daily Technical Indicators: [See NWL daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 November 21, 2017. 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.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.