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- 9/13/2024 -
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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 consecutive positive week for the Newell Rubbermaid Co. (NWL). During the week, the NWL gained 0.22 points, or 2.89%, and closed at 7.83 on Friday, September 13, 2024. Weekly volume was 18% 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 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 (1.04) 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 5.39 on July 10, 2024. NWL lost 3.85 points, or 41.67%, in 29 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 4.20 and resistance is at 8.48. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending 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 above its signal line since July 26, 2024. 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 August 12, 2024 at 6.76 and reached 7.88 on September 13, 2024. NWL gained -1.12 points, or -16.57%, in 32 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 7.14 and resistance is at 7.99. 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 short-term trend.
Daily Technical Indicators: [See NWL daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since September 12, 2024. 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.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 9.71% on Friday. It is 55.57% lower than one year average. It indicates the period of low volatility of the stock price. 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.
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