The price chart of NWL, shares of Newell Brands Inc., reveals a bearish long-term structure, with the stock down over 80% from five-year highs. However, short-term price action has improved significantly, posting a 21.72% gain over the past month and 46.45% in six months. This recent rally has positioned NWL near major support levels, including the 50-day moving average around 4.01-4.47. The stock oscillates within a multi-year channel, bouncing between approximate lows near 6.50 and highs at 9.00-9.50, though recent lows have tested lower at 3.07.
Key support clusters form at 4.19-4.22, 4.02-4.03, 3.93, 3.43, and deeper at 3.35-3.23, derived from trendlines, horizontal levels, and moving average confluences across daily and weekly frames. Resistance overhead includes 4.15-4.18, 4.53-4.59, 4.74, 4.89, with higher channel resistance at 9.00-9.50 and extension targets like 10.73 or 12.23 on breakouts. Pivot-based levels align closely, with classic S1 near 4.02 and R1 at 4.24. These zones represent areas where traders anticipate order flow imbalances.
Moving averages present a mixed picture for NWL. The stock trades above some shorter-term averages like the 50-day SMA near 4.01 but below the 200-day SMA around 4.47-4.55, confirming the prevailing downtrend. Shorter MAs (5-day at 4.36, 10-day at 4.43) signal sells in recent snapshots, while longer ones like MA200 occasionally flash buys. Crossovers have been infrequent, but proximity to the 50-day MA offers dynamic support.
RSI(14) readings vary by source, hovering at 33.444 (sell, nearing oversold), 60.5 (neutral), or 65.56 (neutral), reflecting indecision after recent upside. MACD(12,26) at -0.04 to +0.04 shows sell to positive but declining momentum, with bearish crossovers in daily views. Other oscillators like Stochastic and CCI indicate oversold conditions, suggesting potential bounces if support holds.
Trading volume for NWL averages 5-6 million shares daily, with recent sessions at 97% to 138% of average during volatile moves. Elevated volume on up days supports the short-term rally, but divergences appear on recent gains, warranting caution for sustainability. No major spikes indicate unusual activity, aligning with consolidation behavior.
Tickeron’s AI Daily Buy/Sell Signals leverage artificial intelligence to scrutinize vast arrays of market data, technical indicators, and historical price patterns for NWL. These signals identify buy or sell opportunities based on trend recognition, momentum shifts, and recurring chart behaviors observed in stocks like NWL. Traders rely on them to pinpoint entry/exit points, validate ongoing trends, and enhance decision-making amid volatile conditions. By processing complex interactions in real-time, the AI provides objective insights complementary to manual analysis. Explore the AI Daily Buy/Sell Signals to integrate advanced pattern detection into your trading strategy.
Traders monitor NWL for a potential channel breakout above 4.53-4.59 resistance or breakdown below 3.93 support, which could dictate next directional moves. Continued holds above 50-day MA support near 4.01 favor short-term bulls, while RSI exiting oversold and MACD positive cross would bolster upside. Volume confirmation remains crucial for any trend continuation or reversal signals in the ongoing consolidation.
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A.I.dvisor indicates that over the last year, NWL has been loosely correlated with SPB. These tickers have moved in lockstep 40% of the time. This A.I.-generated data suggests there is some statistical probability that if NWL jumps, then SPB could also see price increases.
| Ticker / NAME | Correlation To NWL | 1D Price Change % | ||
|---|---|---|---|---|
| NWL | 100% | +6.49% | ||
| SPB - NWL | 40% Loosely correlated | -0.63% | ||
| MAGN - NWL | 36% Loosely correlated | +2.85% | ||
| IPAR - NWL | 33% Loosely correlated | +1.63% | ||
| EL - NWL | 31% Poorly correlated | +1.89% | ||
| HELE - NWL | 28% Poorly correlated | +2.82% | ||
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