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Archive
- 1/12/2018
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Newell Rubbermaid Co.
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Summary:
Weekly :Oversold industryTrend resistance at 32.53
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaThe price has fallen below the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving Average
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.44
Williams' Percentage Range (W%R) 19.80
Overbought
Lane's Stochastic (%D-Slow) 68.48
Greed/Fear Indicator (GFI) 72.03
Moving Average Converg./Diverg. (MACD) -0.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.62
Williams' Percentage Range (W%R) 79.40
Lane's Stochastic (%D-Slow) 36.75
Greed/Fear Indicator (GFI) 31.08
Moving Average Converg./Diverg. (MACD) -4.46
Trading Signals
Description Value Chart
Upper Bollinger Band 32.74
Monthly Trendline Resistance 32.53
Parabolic System 32.38
Price 32.26
Daily Stochastic Crossing 31.92
20 Day Moving Average 31.24
50 Day Moving Average 30.75
Lower Bollinger Band 30.23
Weekly Stochastic Crossing 29.46
Monthly Trendline Support 29.29
Yearly Trendline Support 26.32
Sector and Industry
Description Name Rank
Sector Consumer Goods 3
Industry Housewares & Accessories 8
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 30.13
Low Date 12/21/2017
High 32.40
High Date 01/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.46
Low Date 11/15/2017
High 32.40
High Date 01/09/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 32.53
Support 29.29
High 55.08
High Date 06/19/2017
Low 27.46
Low Date 11/15/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 55.45
High Date 08/15/2016
Low 27.46
Low Date 11/15/2017
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 64.50
Support 26.32
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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