The Greedy Trader Weekly Analysis
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Archive
- 11/10/2017
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Sherwin-Williams
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Summary:
Weekly :Overbought sectorRelative Strength Index and Williams' Percentage Range are overboughtLane's Stochastic is strongly overboughtStochastic has declined below the signal line
Daily :The price has fallen below the Parabolic SARThe price is close to the moving average in the center of the Bollinger Bands
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It was the negative week for the Sherwin-Williams (SHW). During the week, the SHW dropped -7.65 points, or -1.93%, and closed at 389.46 on Friday, November 10, 2017. It was the worst weekly loss since July 28, 2017. Weekly volume was -48% below average.

SHW is a member of Industrial Goods Sector. Industrial Goods is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See SHW long-term trend chart]
A long-term uptrend had started on November 1, 2016 at 239.48 and reached 398.22 on October 26, 2017. SHW gained -158.74 points, or -66.29%, in 51 weeks. The price is now at the 5.52% retracement level.

Medium-term trend: [See SHW medium-term trend chart]
A medium-term uptrend had started on August 21, 2017 at 326.68 and reached 398.22 on October 26, 2017. SHW gained -71.54 points, or -21.90%, in 9 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 362.61 and resistance is at 413.97. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See SHW weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since September 29, 2017. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See SHW short-term trend chart]
A short-term downtrend had started on October 26, 2017 at 398.22 and reached 384.90 on November 9, 2017. SHW lost 13.32 points, or 3.34%, in 14 days. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern.

Daily Technical Indicators: [See SHW daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since October 27, 2017. This is an indication that the short-term trend is down.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.64
Williams' Percentage Range (W%R) 69.60
Lane's Stochastic (%D-Slow) 44.62
Greed/Fear Indicator (GFI) 42.87
Moving Average Converg./Diverg. (MACD) 7.49
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.42
Overbought
Williams' Percentage Range (W%R) 16.30
Overbought
Lane's Stochastic (%D-Slow) 94.80
Strong Overbought
Greed/Fear Indicator (GFI) 82.01
Overbought
Moving Average Converg./Diverg. (MACD) 13.31
Trading Signals
Description Value Chart
Weekly Trendline Resistance 413.97
Parabolic System 398.34
Upper Bollinger Band 397.69
Weekly Stochastic Crossing 394.71
20 Day Moving Average 391.21
Daily Stochastic Crossing 390.09
Price 389.46
Lower Bollinger Band 379.38
50 Day Moving Average 371.15
Weekly Trendline Support 362.61
Sector and Industry
Description Name Rank
Sector Industrial Goods 9
Industry General Building Matrials 117
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
High 398.22
High Date 10/26/2017
Low 384.90
Low Date 11/09/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 413.97
Support 362.61
Low 326.68
Low Date 08/21/2017
High 398.22
High Date 10/26/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 239.48
Low Date 11/01/2016
High 398.22
High Date 10/26/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.19
Low Date 03/06/2009
High 398.22
High Date 10/26/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.01
Low Date 02/03/2000
High 398.22
High Date 10/26/2017
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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