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Archive
- 7/19/2024 -
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Newell Rubbermaid Co. (NWL) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second positive week after 7 consecutive negative weeks for the Newell Rubbermaid Co. (NWL). During the week, the NWL gained 0.19 points, or 3.05%, and closed at 6.41 on Friday, July 19, 2024. It was the best weekly gain since May 10, 2024. Weekly volume was -20% below average.
NWL is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most oversold sector. NWL is a member of Housewares & Specialties Industry. Housewares & Specialties is the ninth 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 downtrend had started on May 10, 2021 at 30.10 and reached 5.39 on July 10, 2024. NWL lost 24.71 points, or 82.09%, in 165 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (1.96) 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 downtrend had started on December 14, 2023 at 9.24 and reached 5.39 on July 10, 2024. NWL lost 3.85 points, or 41.67%, in 29 weeks. The price is now at the 26.49% retracement level.
 Weekly Technical Indicators: [See NWL weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since June 21, 2024. 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 July 10, 2024 at 5.39 and reached 6.88 on July 17, 2024. NWL gained -1.49 points, or -27.64%, in 7 days. The price is now at the 31.54% retracement level.
 Daily Technical Indicators: [See NWL daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.
The daily MACD line is above its signal line since July 11, 2024. This is an indication that the short-term trend is up.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Discretionary |
2 |
| Industry |
Housewares & Specialties |
9 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
6.88 |
| High Date |
07/17/2024 |
| Low |
6.26 |
| Low Date |
07/19/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
5.39 |
| Low Date |
07/10/2024 |
| High |
6.88 |
| High Date |
07/17/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
8.82 |
| High Date |
05/15/2024 |
| Low |
5.39 |
| Low Date |
07/10/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
9.24 |
| High Date |
12/14/2023 |
| Low |
5.39 |
| Low Date |
07/10/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
4.36 |
| Support |
1.96 |
| High |
30.10 |
| High Date |
05/10/2021 |
| Low |
5.39 |
| Low Date |
07/10/2024 |
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