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Archive
- 2/20/2015
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Sherwin-Williams
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtMACD bearish divergence
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It was a third consecutive positive week for the Sherwin-Williams (SHW). During the week, the SHW gained 4.75 points, or 1.67%, and closed at 289.75 on Friday, February 20, 2015. Weekly volume was -24% below average.

Long-term trend: [See SHW long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 42.19 and reached 290.29 on February 20, 2015. SHW gained -248.10 points, or -588.05%, in 311 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (222.64) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See SHW medium-term trend chart]
A medium-term uptrend had started on October 28, 2009 at 56.24 and reached 290.29 on February 20, 2015. SHW gained -234.05 points, or -416.16%, in 277 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (213.14) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See SHW weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. 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 October 24, 2014. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See SHW short-term trend chart]
A short-term uptrend had started on October 29, 2014 at 220.13 and reached 290.29 on February 20, 2015. SHW gained -70.16 points, or -31.87%, in 114 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 280.63 and resistance is at 291.57. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See SHW daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since February 11, 2015. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.89
Williams' Percentage Range (W%R) 15.00
Overbought
Lane's Stochastic (%D-Slow) 93.20
Strong Overbought
Greed/Fear Indicator (GFI) 84.35
Overbought
Moving Average Converg./Diverg. (MACD) 4.79 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 90.67
Strong Overbought
Williams' Percentage Range (W%R) 4.30
Strong Overbought
Lane's Stochastic (%D-Slow) 93.32
Strong Overbought
Greed/Fear Indicator (GFI) 85.27
Overbought
Moving Average Converg./Diverg. (MACD) 14.97
Trading Signals
Description Value Chart
Weekly Trendline Resistance 291.57
Upper Bollinger Band 290.90
Price 289.75
Daily Stochastic Crossing 289.01
Weekly Stochastic Crossing 288.23
Parabolic System 282.22
Weekly Trendline Support 280.63
20 Day Moving Average 278.52
Monthly Trendline Resistance 277.54
50 Day Moving Average 269.02
Lower Bollinger Band 267.63
Quarterly Trendline Resistance 249.14
Yearly Trendline Resistance 247.49
Sector and Industry
Description Name Rank
Sector Industrial Goods 6
Industry General Building Matrials 150
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 265.14
Low Date 01/29/2015
High 290.29
High Date 02/20/2015
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 291.57
Support 280.63
Low 220.13
Low Date 10/29/2014
High 290.29
High Date 02/20/2015
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 277.54
Support 225.31
Low 188.25
Low Date 04/15/2014
High 290.29
High Date 02/20/2015
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 249.14
Support 213.14
Low 56.24
Low Date 10/28/2009
High 290.29
High Date 02/20/2015
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 247.49
Support 222.64
Low 42.19
Low Date 03/06/2009
High 290.29
High Date 02/20/2015
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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