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Archive
- 3/17/2017
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Sherwin-Williams
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Summary:
Weekly :Overbought sectorRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Broken trend resistance lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger BandThe Bollinger Bands are historically close together
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It was a first positive week for the Sherwin-Williams (SHW). During the week, the SHW climbed 1.48 points, or 0.47%, and closed at 313.38 on Friday, March 17, 2017. Weekly volume was -38% 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 March 6, 2009 at 42.19 and reached 316.66 on March 1, 2017. SHW gained -274.47 points, or -650.56%, in 416 weeks. Price is near the trend high.

Medium-term trend: [See SHW medium-term trend chart]
A medium-term uptrend had started on November 1, 2016 at 239.48 and reached 316.66 on March 1, 2017. SHW gained -77.18 points, or -32.23%, in 17 weeks. Price is near the trend high.

Weekly Technical Indicators: [See SHW weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly 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 December 16, 2016. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 March 1, 2017 at 316.66 and reached 308.26 on March 14, 2017. SHW lost 8.40 points, or 2.65%, in 13 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (307.38) is broken. A broken support is considered to be a long-term bullish signal. 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 short-term trend.

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

The daily MACD line is below its signal line since February 15, 2017. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands (1.85%) is close to one year low (2.28%). It is 77.08% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 56.71
Williams' Percentage Range (W%R) 43.60
Lane's Stochastic (%D-Slow) 46.67
Greed/Fear Indicator (GFI) 53.27
Moving Average Converg./Diverg. (MACD) 3.49
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 87.62
Overbought
Williams' Percentage Range (W%R) 5.20
Strong Overbought
Lane's Stochastic (%D-Slow) 92.45
Strong Overbought
Greed/Fear Indicator (GFI) 85.30
Overbought
Moving Average Converg./Diverg. (MACD) 4.86
Trading Signals
Description Value Chart
Weekly Stochastic Crossing 313.43
Price 313.38
Upper Bollinger Band 312.99
Daily Stochastic Crossing 311.86
20 Day Moving Average 311.63
Weekly Trendline Resistance 310.90
Parabolic System 307.95
Weekly Trendline Support 307.38
Lower Bollinger Band 307.18
50 Day Moving Average 301.60
Sector and Industry
Description Name Rank
Sector Industrial Goods 9
Industry General Building Matrials 58
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 308.26
Low Date 03/14/2017
High 313.90
High Date 03/17/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 310.90
Support 307.38
High 316.66
High Date 03/01/2017
Low 308.26
Low Date 03/14/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 239.48
Low Date 11/01/2016
High 316.66
High Date 03/01/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.19
Low Date 03/06/2009
High 316.66
High Date 03/01/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.01
Low Date 02/03/2000
High 316.66
High Date 03/01/2017
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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