The Greedy Trader Weekly Analysis
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Archive
- 4/13/2018
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Newell Rubbermaid Co.
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Summary:
Weekly :Oversold sector
Daily :Daily  MACD line has moved above its signal linePrice is near the Fibonacci 38.2% retracement level
Move cursor over the icon to see details.

It was the negative week for the Newell Rubbermaid Co. (NWL). During the week, the NWL gave back -0.07 points, or -0.27%, and closed at 25.72 on Friday, April 13, 2018. Weekly volume was -34% below average.

NWL is a member of Consumer Goods Sector. Consumer Goods is the second most oversold sector. 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 downtrend had started on August 15, 2016 at 55.45 and reached 23.85 on January 25, 2018. NWL lost 31.60 points, or 56.99%, in 75 weeks. The price is now at the 5.92% retracement level.

Medium-term trend: [See NWL medium-term trend chart]
A medium-term downtrend had started on February 7, 2018 at 30.17 and reached 24.43 on April 4, 2018. NWL lost 5.74 points, or 19.03%, in 8 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 24.07 and resistance is at 28.96. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

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. The distance between MACD and the signal line is low, but getting bigger. 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 April 4, 2018 at 24.43 and reached 26.45 on April 6, 2018. NWL gained -2.02 points, or -8.27%, in 2 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See NWL daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.42
Williams' Percentage Range (W%R) 67.10
Lane's Stochastic (%D-Slow) 65.35
Greed/Fear Indicator (GFI) 50.56
Moving Average Converg./Diverg. (MACD) -0.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.97
Williams' Percentage Range (W%R) 75.30
Lane's Stochastic (%D-Slow) 30.62
Greed/Fear Indicator (GFI) 32.72
Moving Average Converg./Diverg. (MACD) -4.12
Trading Signals
Description Value Chart
Weekly Trendline Resistance 28.96
Upper Bollinger Band 27.81
50 Day Moving Average 26.91
20 Day Moving Average 25.94
Daily Stochastic Crossing 25.81
Weekly Stochastic Crossing 25.72
Price 25.72
Parabolic System 25.01
Lower Bollinger Band 24.34
Weekly Trendline Support 24.07
Sector and Industry
Description Name Rank
Sector Consumer Goods 2
Industry Housewares & Accessories 45
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 24.43
Low Date 04/04/2018
High 26.45
High Date 04/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 28.96
Support 24.07
High 30.17
High Date 02/07/2018
Low 24.43
Low Date 04/04/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 32.58
High Date 01/16/2018
Low 23.85
Low Date 01/25/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 55.08
High Date 06/19/2017
Low 23.85
Low Date 01/25/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 55.45
High Date 08/15/2016
Low 23.85
Low Date 01/25/2018
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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