NWL breaks below prior session low
Newell Brands Inc. (NWL) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
NWL ended the week -21.64% lower at 20.82 after losing $0.06 (-0.29%) today. Closing below Thursday's low at 20.83, Newell Rubbermaid confirms its breakout through the previous session's low having traded $0.18 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (NWL as at Aug 10, 2018):
Friday's trading range was $0.39 (1.86%), that's below last trading month's daily average range of $0.80. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being way above average.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
Selling might accelerate should prices move below the close-by swing low at 20.21 where further sell stops could get activated.