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Downtrend ExhaustionArchive
- 4/19/2024 -
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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 -0.24 points, or -3.37%, and closed at 6.88 on Friday, April 19, 2024. Weekly volume was -32% below 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 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 (3.43) 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 6.73 on February 12, 2024. NWL lost 2.51 points, or 27.16%, in 8 weeks. The price is now at the 5.98% retracement level.
 Weekly Technical Indicators: [See NWL weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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 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 April 1, 2024 at 8.07 and reached 6.76 on April 19, 2024. NWL lost 1.31 points, or 16.23%, in 18 days. The price is now at the 9.16% retracement level.
 Daily Technical Indicators: [See NWL daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 2, 2024. This is an indication that the short-term trend is down.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Discretionary |
6 |
| Industry |
Housewares & Specialties |
11 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
7.67 |
| High Date |
04/09/2024 |
| Low |
6.76 |
| Low Date |
04/19/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
8.07 |
| High Date |
04/01/2024 |
| Low |
6.76 |
| Low Date |
04/19/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
8.25 |
| High Date |
03/15/2024 |
| Low |
6.76 |
| Low Date |
04/19/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
9.24 |
| High Date |
12/14/2023 |
| Low |
6.73 |
| Low Date |
02/12/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
6.36 |
| Support |
3.43 |
| High |
30.10 |
| High Date |
05/10/2021 |
| Low |
6.50 |
| Low Date |
11/01/2023 |
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