NEWELL BRANDS INC (NWL)       13.44  +0.14 (+1.05%)

13.44  +0.14 (+1.05%)

US6512291062 - Common Stock - After market: 13.44 0 (0%)

Technical Rating

0

We assign a technical rating of 0 out of 10 to NWL. NWL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



NWL has an average volume of 4258030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month NWL has a been trading in the 12.44 - 14.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, NWL is a bad performer in the overall market: 79% of all stocks are doing better.
NWL is one of the lesser performing stocks in the Household Durables industry. 68% of 68 stocks in the same industry do better.
NWL is currently trading near the lower end of its 52 week range, which is not a good sign. NWL is lagging the S&P500 Index which is trading in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months -0.07% -25.99% -29.78% -39.81% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 21.29 12.245 - 26.45
NWL Weekly chart
NWL Daily chart

Support/Resistance Analysis


12.44

22.10
When analyzing the support we can see 2 important areas.
  • A support zone ranging from 12.97 to 13.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 12.57 to 12.58. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 5 important areas.
  • Resistance @13.45 from a horizontal line in the daily time frame.
  • Resistance @15.06 from a horizontal line in the weekly time frame.
  • A resistance zone ranging from 17.83 to 18.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @18.73 from a trend line in the weekly time frame.
  • Resistance @21.88 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

3

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.


NWL Daily chart

NEWELL BRANDS INC13.44

NASDAQ:NWL (12/9/2022, 7:00:02 PM)+0.14 (+1.05%)

After market: 13.44 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Discretionary
GICS Industry Household Durables
Performance
Today 1.05% 1 Week 3.46%
2 Weeks 0.67% 1 Month -0.07%
3 Month -25.99% 6 Month -29.78%
Volatility
ATR(14) 0.41 ATR(20)% 3.44%
ATR Inc 24.09% Range Today 0.48
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 21.29 Mansfield -2.76
10 Day High 13.7 10 Day Low 12.44
20 Day High 14.24 20 Day Low 12.44
52 Week High 26.45 52 Week Low 12.25
CS1 End 13.38 CR1 Start 13.45
Volume & EV
DER(3) 1.19% DER(5) 0.73%
Volume 4.88M Volume Incr 8.3%
Vol(5) 4.64M Vol(50) 4.26M

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