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Uptrend Broken SupportArchive
- 4/19/2024 -
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Stanley Works (SWK) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Stanley Works (SWK). During the week, the SWK dropped -2.16 points, or -2.36%, and closed at 89.32 on Friday, April 19, 2024. Weekly volume was -11% below 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 43.83% 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 (88.04) 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.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 88.48 on April 18, 2024. SWK lost 9.80 points, or 9.97%, in 21 days. The price is now at the 8.57% retracement level.
 Daily Technical Indicators: [See SWK daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. 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.
During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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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