Verified Investing on $SWK (Nov 4, 2026)
SWK's 13% post-earnings jump, with an EPS beat of 48.5% but a 0.15% revenue miss, left RSI at 83.47, so consolidation or a pullback toward the top of its parallel range is more likely than further gains. Resistance at $129.68 could bring a sharp decline, and SWK is expected to be drawn back near the $110 upper pivot; after RSI adjusts, one scenario is a bounce to the 50% Fibonacci level at $139.56.
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First, Stanley Black & Decker. Oh my God, look at this movement , a 13% increase. One of the best days this stock has ever seen.
And now, you can see this too. We have finished announcing earnings, with a nice lead in earnings per share of 48.5%. However, revenues fell slightly short of expectations by 0.15%.
Investors reacted to the bonus share of Stanley Black & Decker, which drove it upwards on the chart, breaking through this ascending parallel channel.
It's a nice move for him, but note here the Relative Strength Index (RSI), we are at 83.47, even with the pullback from the peak . This tells me that the likelihood of this move starting to consolidate, if not pull back near the top of the parallel range, is actually more likely than it continuing to rise.
Now, if this happens with an overbought condition, it will hit the next resistance level and then decline fairly sharply.
So, where will that level be? You can see that I have already identified Fibonacci levels, and I have an upward trend line that is likely to limit the price if we continue to rise on the charts . This is just below the $130 level at $129.68.
I expect that even with an upward push or even a sideways movement, we are likely to remain drawn back down near the top of this parallel range. Note that the upper limit of these pivot points is at $110.
This makes sense if we start turning downwards, and if it takes some time, it may all coincide at exactly the same location above this parallel range.
This puts us roughly in February, but this could be one scenario before SWK continues to bounce back and then attack this next key level , the 50% Fibonacci retracement level at $139.56, which was a previous support level before the drop on the chart.
Everything seems logical, but it needs to adjust its Relative Strength Index (RSI) before it can continue crawling upwards further, but it's a good move for SWK.