NEWELL BRANDS INC (NWL) Stock Technical Analysis
USA - NASDAQ:NWL - US6512291062 - Common Stock
Taking everything into account, NWL scores 0 out of 10 in our technical rating. NWL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of NWL is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.31
5 important resistance areas can be observed.
- A resistance zone ranging from 3.43 to 3.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.55 from a trend line in the daily time frame.
- A resistance zone ranging from 4.78 to 4.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @4.92 from a trend line in the weekly time frame.
- Resistance @6.37 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for NWL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NWL is down. |
| ChartMill Relative Strength | 3.95 | NEGATIVE | NWL has a low relative strength, it was outperformed by 96.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NWL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NWL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NWL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 27.24 | OVERSOLD | The low RSI value suggests NWL may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NWL has a positive trend. |
| Stochastics (14,3) | 15.44 | OVERSOLD | The low Stochastics value suggests NWL may be oversold. |
| Average True Range in percent/ATR (20) | 7.44 | HIGH VOLATILITY | The high ATR as a percentage value for NWL suggests high volalility. |
| Average Directional Index/ADX (14) | 42.25 | POSITIVE | The high ADX value value for NWL suggests a strong trend. |
3.34
-0.08 (-2.34%)
NEWELL BRANDS INC / NWL FAQ
Can you provide the ChartMill technical rating for NEWELL BRANDS INC?
ChartMill assigns a technical rating of 0 / 10 to NWL.
What is the current trend direction of NEWELL BRANDS INC (NWL) stock?
The current trend direction for NEWELL BRANDS INC (NWL) is Bearish.
What is the RSI signal for NEWELL BRANDS INC (NWL) stock?
NEWELL BRANDS INC (NWL) has an RSI value of 27.2353. This indicates that the stock is currently oversold.
Can you provide the short term momentum for NEWELL BRANDS INC?
The short term momentum for NEWELL BRANDS INC (NWL) is negative.
Can you provide the support and resistance levels for NEWELL BRANDS INC?
NEWELL BRANDS INC (NWL) has a resistance level at 3.43. Check the full technical report for our detailed analysis of NWL support and resistance levels.