The Greedy Trader Weekly Analysis
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- 5/17/2024 -
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Newell Rubbermaid Co. (NWL) Technical Analysis

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Summary:
Weekly :Oversold sectorBroken trend resistance lineBroken trend resistance line
Daily :Stochastic 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 second consecutive positive week for the Newell Rubbermaid Co. (NWL). During the week, the NWL climbed 0.02 points, or 0.25%, and closed at 8.11 on Friday, May 17, 2024. Weekly volume was -34% below average.

NWL is a member of Consumer Discretionary Sector. Consumer Discretionary is the 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 May 10, 2021 at 30.10 and reached 6.50 on November 1, 2023. NWL lost 23.60 points, or 78.41%, in 129 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (2.96) is broken. A broken support is considered to be a long-term bullish signal. 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 6.71 on April 25, 2024. NWL lost 2.53 points, or 27.38%, in 19 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (6.70) is broken. A broken support is considered to be a long-term bullish signal. 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 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 November 24, 2023. Use the following link to access a MACD help.

Short-term trend: [See NWL short-term trend chart]
A short-term downtrend had started on May 15, 2024 at 8.82 and reached 8.04 on May 17, 2024. NWL lost 0.78 points, or 8.84%, in 2 days. The price is now at the 8.97% retracement level.

Daily Technical Indicators: [See NWL daily technical indicators chart]
Daily technical indicators are neutral. 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 link to access Lane's Stochastic help.

The daily MACD line is above its signal line since April 25, 2024.

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) 51.27
Williams' Percentage Range (W%R) 22.70
Lane's Stochastic (%D-Slow) 67.67
Greed/Fear Indicator (GFI) 65.40
Moving Average Converg./Diverg. (MACD) 0.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.05
Williams' Percentage Range (W%R) 31.50
Lane's Stochastic (%D-Slow) 55.73
Greed/Fear Indicator (GFI) 59.03
Moving Average Converg./Diverg. (MACD) -0.38
Trading Signals
Description Value Chart
Upper Bollinger Band 8.91
Parabolic System 8.83
Daily Stochastic Crossing 8.44
Weekly Stochastic Crossing 8.12
Price 8.11
20 Day Moving Average 7.84
50 Day Moving Average 7.65
Quarterly Trendline Resistance 7.55
Lower Bollinger Band 6.96
Quarterly Trendline Support 6.70
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 1
Industry Housewares & Specialties 81
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 8.82
High Date 05/15/2024
Low 8.04
Low Date 05/17/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 8.82
High Date 05/15/2024
Low 8.04
Low Date 05/17/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6.71
Low Date 04/25/2024
High 8.82
High Date 05/15/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 7.55
Support 6.70
High 9.24
High Date 12/14/2023
Low 6.71
Low Date 04/25/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 5.72
Support 2.96
High 30.10
High Date 05/10/2021
Low 6.50
Low Date 11/01/2023
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.