NEWELL BRANDS INC (NWL) Stock Technical Analysis
NASDAQ:NWL • US6512291062
Overall NWL gets a technical rating of 6 out of 10. In the past year, NWL was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month NWL has a been trading in the 3.99 - 4.78 range, which is quite wide. It is currently trading near the high of this range.
- NWL has an average volume of 6098720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, NWL turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
- NWL is an average performer in the Household Durables industry, it outperforms 44% of 60 stocks in the same industry.
- NWL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NWL is lagging the market.
NWL has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.71. Right above this resistance zone may be a good entry point.
More info and screens
4.13
2 important support areas can be observed.
- A support zone ranging from 4.41 to 4.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 4.17 to 4.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.71 to 4.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for NWL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NWL is up. |
| ChartMill Relative Strength | 46.37 | NEUTRAL | NWL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NWL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NWL is above the rising 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) | 68.8 | NEUTRAL | The RSI value for NWL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NWL has a positive trend. |
| Stochastics (14,3) | 73.42 | NEUTRAL | The Stochastics value for NWL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.54 | MEDIUM VOLATILITY | The ATR as a percentage value for NWL suggests some volalility. |
| Average Directional Index/ADX (14) | 25.04 | POSITIVE | The high ADX value value for NWL suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.72 | 4.40 | 0.32 (6.78%) | 14.75% |
| An entry @4.72. This is a Buy Stop order right above the resistance zone. | An exit @4.40. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.32 points, which is 6.78%. | When investing 14.75% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of NWL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
4.7
+0.2 (+4.44%)
NEWELL BRANDS INC / NWL FAQ
Can you provide the ChartMill technical rating for NEWELL BRANDS INC?
ChartMill assigns a technical rating of 6 / 10 to NWL.
What is the trend direction for 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 68.7997. This indicates that the stock is currently neutral.
What is the MACD signal for NEWELL BRANDS INC (NWL) stock?
The MACD indicator for NEWELL BRANDS INC (NWL) has a value of 0.00557228, indicating a bearish trend.
What is the short term momentum for NWL stock?
The short term momentum for NEWELL BRANDS INC (NWL) is positive.