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Uptrend ExhaustionArchive
- 5/17/2024 -
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Stanley Works (SWK) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Stanley Works (SWK). During the week, the SWK climbed 0.28 points, or 0.31%, and closed at 90.12 on Friday, May 17, 2024. Weekly volume was -15% below average.
 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 41.48% retracement level.
 Medium-term trend: [See SWK medium-term trend chart]
A medium-term downtrend had started on December 14, 2023 at 102.93 and reached 83.02 on May 2, 2024. SWK lost 19.91 points, or 19.34%, in 20 weeks. The price is now at the 35.66% retracement level.
 Weekly Technical Indicators: [See SWK weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See SWK short-term trend chart]
A short-term uptrend had started on May 2, 2024 at 83.02 and reached 93.34 on May 15, 2024. SWK gained -10.32 points, or -12.43%, in 13 days. The price is now at the 31.20% retracement level.
Daily Technical Indicators: [See SWK daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
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