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Commercial Printing Industry Stocks Technical Analysis - NWLArchive
- 6/7/2024 -
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Newell Rubbermaid Co. (NWL) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Newell Rubbermaid Co. (NWL). During the week, the NWL dropped -0.35 points, or -4.53%, and closed at 7.37 on Friday, June 7, 2024. It was the worst weekly loss since April 5, 2024. Weekly volume was -48% below average.
NWL is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most oversold 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 NWL long-term trend chart]
A long-term downtrend had started on May 10, 2021 at 30.10 and reached 6.50 on November 1, 2023. NWL lost 23.60 points, or 78.41%, in 129 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (2.63) 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 6.71 on April 25, 2024. NWL lost 2.53 points, or 27.38%, in 19 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See NWL weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since November 24, 2023. 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 NWL short-term trend chart]
A short-term downtrend had started on May 15, 2024 at 8.82 and reached 7.30 on May 29, 2024. NWL lost 1.52 points, or 17.23%, in 14 days. Price is near the trend low.
 Daily Technical Indicators: [See NWL daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly 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. 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 May 21, 2024. This is an indication that the short-term trend is down.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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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