The Greedy Trader Weekly Analysis
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- 3/15/2024 -
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Newell Rubbermaid Co. (NWL) Technical Analysis

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Summary:
Weekly :Broken trend resistance linePrice is near the Fibonacci 38.2% retracement level
Daily :Price has crossed above the 50 Day Moving AverageThe price touches the upper Bollinger Band
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It was a third consecutive positive week for the Newell Rubbermaid Co. (NWL). During the week, the NWL gained 0.32 points, or 4.07%, and closed at 8.18 on Friday, March 15, 2024. Weekly volume was 76% above average.

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 (4.00) 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 uptrend had started on November 1, 2023 at 6.50 and reached 9.24 on December 14, 2023. NWL gained -2.74 points, or -42.15%, in 6 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 February 12, 2024 at 6.73 and reached 8.25 on March 15, 2024. NWL gained -1.52 points, or -22.59%, in 32 days. Price is near the trend high.

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

The daily MACD line is above its signal line since February 29, 2024. This is an indication that the short-term trend is up.

The price touches the upper Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price 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) 73.61
Williams' Percentage Range (W%R) 43.40
Lane's Stochastic (%D-Slow) 72.77
Greed/Fear Indicator (GFI) 67.66
Moving Average Converg./Diverg. (MACD) -0.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.96
Williams' Percentage Range (W%R) 56.60
Lane's Stochastic (%D-Slow) 34.37
Greed/Fear Indicator (GFI) 42.10
Moving Average Converg./Diverg. (MACD) -0.48
Trading Signals
Description Value Chart
Price 8.18
Upper Bollinger Band 8.18
Daily Stochastic Crossing 8.05
50 Day Moving Average 7.98
20 Day Moving Average 7.59
Weekly Stochastic Crossing 7.47
Parabolic System 7.41
Lower Bollinger Band 7.25
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Housewares & Specialties 14
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 6.96
Low Date 02/26/2024
High 8.25
High Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6.73
Low Date 02/12/2024
High 8.25
High Date 03/15/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 9.24
High Date 12/14/2023
Low 6.73
Low Date 02/12/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6.50
Low Date 11/01/2023
High 9.24
High Date 12/14/2023
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 5.24
Support 4.00
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.