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Eastern's 15-minute chart sees MACD Golden Cross and RSI Oversold signal.
ByAinvest
Monday, Aug 4, 2025 12:28 pm ET1min read
The Eastern's 15-minute chart recently exhibited a MACD Golden Cross, a concurrent RSI reading of 08/04/2025 12:15, indicating a strong potential for continued upward momentum. Furthermore, the stock's precipitous decline appears to have fallen below its fundamental support level.
On July 29, 2025, Spectrum Brands' (SPB) 15-minute chart exhibited a MACD Golden Cross, accompanied by an RSI Oversold indicator at 14:00. This technical signal suggests that the stock may continue to rise, following a period of decline that has fallen below fundamental support levels. The MACD (Moving Average Convergence Divergence) is a momentum indicator that shows the relationship between two moving averages of a stock's price. A MACD Golden Cross occurs when the MACD line crosses above the signal line, indicating a bullish trend. The RSI (Relative Strength Index) is a momentum oscillator that measures the speed and change of price movements. An RSI Oversold indicator suggests that the stock may be undervalued and is due for a price rebound [1].Spectrum Brands' recent financial performance supports this technical analysis. In the second quarter of fiscal 2025, the company reported a net sales decline of 6.0% to $675.7 million, with organic sales down 4.6%. However, the company maintains a strong balance sheet, with total liquidity of $504.6 million and net debt of $560.9 million. Furthermore, Spectrum Brands has been actively managing its supply chain to mitigate tariff pressures, particularly in the Home & Personal Care (HPC) business [2].
Investors should closely monitor Spectrum Brands' upcoming earnings announcement on August 7, 2025, for further insights into the company's financial health and strategic direction. The company will host a conference call and webcast at 9:00 a.m. Eastern Time on the same day, featuring presentations from Executive Chairman and CEO David Maura and Executive Vice President and CFO Jeremy Smeltser [3].
References:
[1] https://www.ainvest.com/news/spectrum-brands-macd-golden-cross-rsi-oversold-15min-chart-2507/
[2] https://www.stocktitan.net/news/SPB/
[3] https://www.stocktitan.net/news/SPB/
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