NWL breaks below prior session low
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.
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.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for Newell Rubbermaid Co.
|White Candle||TQ Pro Members Only|
|Gap Up||TQ Pro Members Only|
|Closed above last periods high||TQ Pro Members Only|
|3 Consecutive Higher Closes||TQ Pro Members Only|
|RSI(2) above 80||TQ Pro Members Only|
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