NWL breaks below prior session low


Newell Rubbermaid Co. (NWL) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
NWL breaks below previous session low
NWL ends the day indecisive
TQ Sentiment
Report Sentiment: 33% Bearish
Technical Forecast:
Overview

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 chart for NWL
Volatility

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.

Trend

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

Order Flow

Selling might accelerate should prices move below the close-by swing low at 20.21 where further sell stops could get activated.

Conclusion

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.
Condition Forecast Direction Win Avg Worst Best Events
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
More market conditions identified for TQ Pro members...
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Latest Report:

NWL pushes through prior session high

Aug 16, 2018
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