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- 3/15/2024 -
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Stanley Works (SWK) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance lineStochastic signal line moved above oversold area
Daily :The price has fallen below the Parabolic SARBroken trend resistance lineThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the Stanley Works (SWK). During the week, the SWK dropped -3.33 points, or -3.64%, and closed at 88.15 on Friday, March 15, 2024. SWK was trading at average weekly trading volume.

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 (79.00) 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 SWK medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 70.24 and reached 104.21 on August 1, 2023. SWK gained -33.97 points, or -48.36%, in 41 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 79.00 and resistance is at 113.55. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See SWK weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 weekly MACD line is below its signal line since February 2, 2024. The distance between MACD and the signal line is low and getting smaller. 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 December 14, 2023 at 102.93 and reached 86.16 on February 13, 2024. SWK lost 16.77 points, or 16.29%, in 61 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (80.78) 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 short-term trend.

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

The daily MACD line is above its signal line since February 26, 2024. The distance between MACD and the signal line is low and getting smaller.

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 price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 6.35% on Friday. It is 50.81% 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.60
Williams' Percentage Range (W%R) 70.20
Lane's Stochastic (%D-Slow) 50.00
Greed/Fear Indicator (GFI) 44.79
Moving Average Converg./Diverg. (MACD) -0.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.56
Williams' Percentage Range (W%R) 54.90
Lane's Stochastic (%D-Slow) 23.40
Greed/Fear Indicator (GFI) 37.19
Moving Average Converg./Diverg. (MACD) 1.05
Trading Signals
Description Value Chart
Parabolic System 93.15
Upper Bollinger Band 92.93
50 Day Moving Average 91.70
Daily Stochastic Crossing 90.27
20 Day Moving Average 89.50
Weekly Stochastic Crossing 88.89
Price 88.15
Lower Bollinger Band 87.34
Weekly Trendline Resistance 86.76
Weekly Trendline Support 80.78
Quarterly Trendline Support 79.00
Yearly Trendline Support 79.00
Yearly Trendline Resistance 71.48
Sector and Industry
Description Name Rank
Sector Industrials 12
Industry Industrial Machinery 105
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 86.16
Low Date 02/13/2024
High 93.27
High Date 03/08/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 86.76
Support 80.78
High 102.93
High Date 12/14/2023
Low 86.16
Low Date 02/13/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 76.26
Low Date 10/06/2023
High 102.93
High Date 12/14/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 113.55
Support 79.00
Low 70.24
Low Date 10/13/2022
High 104.21
High Date 08/01/2023
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 71.48
Support 79.00
High 225.00
High Date 05/10/2021
Low 70.24
Low Date 10/13/2022
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.