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Archive
- 11/8/2024 -
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Stanley Works (SWK) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Stanley Works (SWK). During the week, the SWK dropped -3.21 points, or -3.44%, and closed at 90.17 on Friday, November 8, 2024. Weekly volume was 96% above average.
SWK is a member of Industrials Sector. Industrials is the most overbought 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 SWK long-term trend chart]
A long-term downtrend had started on May 10, 2021 at 225.00 and reached 70.24 on October 13, 2022. SWK lost 154.76 points, or 68.78%, in 74 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (82.99) 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 SWK medium-term trend chart]
A medium-term uptrend had started on July 1, 2024 at 77.70 and reached 110.88 on September 27, 2024. SWK gained -33.18 points, or -42.70%, in 12 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See SWK weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
 Short-term trend: [See SWK short-term trend chart]
A short-term downtrend had started on September 27, 2024 at 110.88 and reached 89.26 on October 29, 2024. SWK lost 21.62 points, or 19.50%, in 32 days. Price is near the trend low.
 Daily Technical Indicators: [See SWK daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index and 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 Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since October 3, 2024. This is an indication that the short-term trend is down.
The distance between the Bollinger Bands is 128.57% higher then one year average. It indicates the period of high 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.
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.
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