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Uptrend ExhaustionArchive
- 4/26/2024 -
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Stanley Works (SWK) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a first positive week after 3 consecutive negative weeks for the Stanley Works (SWK). During the week, the SWK climbed 0.39 points, or 0.44%, and closed at 89.71 on Friday, April 26, 2024. Weekly volume was 12% above average.
SWK is a member of Industrials Sector. Industrials is the second 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 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 price is now at the 42.68% retracement level.
 Medium-term trend: [See SWK medium-term trend chart]
A medium-term uptrend had started on February 13, 2024 at 86.16 and reached 98.28 on March 28, 2024. SWK gained -12.12 points, or -14.07%, in 6 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (88.24) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See SWK weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since April 12, 2024. The distance between MACD and the signal line is low, but getting bigger. 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 March 28, 2024 at 98.28 and reached 87.38 on April 25, 2024. SWK lost 10.90 points, or 11.09%, in 28 days. The chart has formed a Falling Channel chart pattern.
Daily Technical Indicators: [See SWK daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 9, 2024. This is an indication that the short-term trend is down.
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