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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 10/30/2026 -
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Newell Rubbermaid Co. (NWL) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldBullish Piercing Line Candlestick
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It was the negative week for the Newell Rubbermaid Co. (NWL). During the week, the NWL dropped -0.18 points, or -3.36%, and closed at 5.18 on Friday, October 30, 2026. NWL was trading at average weekly trading volume.

Long-term trend: [See NWL long-term trend chart]
A long-term downtrend had started on May 10, 2021 at 30.10 and reached 3.07 on November 4, 2025. NWL lost 27.03 points, or 89.80%, in 234 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (1.34) 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 July 31, 2026 at 7.13 and reached 4.88 on October 29, 2026. NWL lost 2.25 points, or 31.56%, in 12 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 4.83 and resistance is at 5.68. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling 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 below its signal line since September 25, 2026. This is an indication that the medium-term trend is down. 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 October 16, 2026 at 5.93 and reached 4.88 on October 29, 2026. NWL lost 1.05 points, or 17.71%, in 13 days. The price is now at the 28.57% retracement level.

Daily Technical Indicators: [See NWL daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. 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 below its signal line since October 22, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

Candlestick pattern: [See NWL candlestick chart pattern]
On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.69
Williams' Percentage Range (W%R) 95.70
Strong Oversold
Lane's Stochastic (%D-Slow) 18.75
Oversold
Greed/Fear Indicator (GFI) 20.92
Moving Average Converg./Diverg. (MACD) -0.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.74
Williams' Percentage Range (W%R) 76.80
Lane's Stochastic (%D-Slow) 27.16
Greed/Fear Indicator (GFI) 31.53
Moving Average Converg./Diverg. (MACD) 0.33
Trading Signals
Description Value Chart
Upper Bollinger Band 5.84
50 Day Moving Average 5.68
Weekly Trendline Resistance 5.68
20 Day Moving Average 5.52
Parabolic System 5.49
Weekly Stochastic Crossing 5.36
Price 5.18
Lower Bollinger Band 5.08
Daily Stochastic Crossing 5.07
Weekly Trendline Support 4.83
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Housewares & Specialties 23
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 5.93
High Date 10/16/2026
Low 4.88
Low Date 10/29/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 5.68
Support 4.83
High 7.13
High Date 07/31/2026
Low 4.88
Low Date 10/29/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 3.20
Low Date 06/03/2026
High 7.13
High Date 07/31/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 3.07
Low Date 11/04/2025
High 7.13
High Date 07/31/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 2.21
Support 1.34
High 30.10
High Date 05/10/2021
Low 3.07
Low Date 11/04/2025
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.